- Lease is corporate signed by Cheddar’s Casual Cafe Inc.
- Recently signed 10-year lease with 4 (5-year) option periods to extend
- Features 10% rental increases every 5 years and at the beginning of each option period, growing NOI and hedging against inflation
Off Market
Searcy, AR - Cheddar's
Janet Dr & JoAnne St | Searcy, AR 72143
Description
Location
- The subject property is located in close proximity to Searcy City Center, a retail hub featuring national/credit tenants such as Five Below, Academy Sports + Outdoors, Ulta Beauty, Hobby Lobby, TJ Maxx, Old Navy, and more
- The site benefits from its position along a highly trafficked corridor with easy access to Interstate 57 and Highway 36, drawing an average of 45,000 vehicles per day
- The tenant benefits from its proximity to Harding University, which has over 4,500 enrolled students
- Strong tenant synergy promotes crossover shopping to the subject property
Contact
Patrick Luther, CCIM
Sr Managing Principal & Co-Head of National Net Lease
949.698.1115949.698.1115[email protected]CA #: 01912215
Matthew Mousavi
Sr Managing Principal & Co-Head of National Net Lease
949.698.1116949.698.1116[email protected]CA #: 01732226