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Maverik 15617 Chenal Pky 5,700 SF Retail Building Little Rock, AR 72211 $9,881,483 CAD ($1,733.59 CAD/SF) 5.15% Cap Rate
INVESTMENT HIGHLIGHTS
- Located in Little Rock, the most populated city in Arkansas and state capital
- Long-term lease with 13+ years remaining
- Affluent area with average annual household incomes exceeding $154,000 within one mile
- Qualifies for 100% Bonus Depreciation (consult with your CPA)
- Positioned at a hard corner and signalized intersection along Chenal Parkway, the main east-west thoroughfare in the area
- Ranked in the top 5% for all gas stations within 15-miles and top 8% for all gas stations in Arkansas and United States (Placer.ai)
EXECUTIVE SUMMARY
The Boulder Group is pleased to exclusively market for sale a single tenant Maverik property located in Little Rock, AR. The Maverik property is positioned
approximately 9 miles west of Downtown Little Rock in an extremely affluent area. The surrounding area boasts average annual household income of $154,000+ within one mile. The property is located at the hard corner and signalized intersection of Chenal Parkway & Wellington Hills Rd. This store ranks exceptionally well on Placer.ai as its in the top 5% for all gas stations within 15-miles and top 8% for all gas stations in Arkansas and the United States.
The property features a long-term lease with over 13 years remaining. The absolute triple net lease has no landlord responsibilities and 7.5% rental increases every five years throughout the primary term. Kum & Go/Maverik is an industry leading convenience store chain, and they have over 840 locations in 21 states.
The property qualifies for 100% Bonus Depreciation. Investors are advised to consult with their CPAs.
approximately 9 miles west of Downtown Little Rock in an extremely affluent area. The surrounding area boasts average annual household income of $154,000+ within one mile. The property is located at the hard corner and signalized intersection of Chenal Parkway & Wellington Hills Rd. This store ranks exceptionally well on Placer.ai as its in the top 5% for all gas stations within 15-miles and top 8% for all gas stations in Arkansas and the United States.
The property features a long-term lease with over 13 years remaining. The absolute triple net lease has no landlord responsibilities and 7.5% rental increases every five years throughout the primary term. Kum & Go/Maverik is an industry leading convenience store chain, and they have over 840 locations in 21 states.
The property qualifies for 100% Bonus Depreciation. Investors are advised to consult with their CPAs.
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
5,700 SF
Building Class
B
Year Built
2018
Price
$9,881,483 CAD
Price Per SF
$1,733.59 CAD
Cap Rate
5.15%
NOI
$508,896 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
1.62 AC
Parking
14 Spaces (2.46 Spaces per 1,000 SF Leased)
AMENITIES
- Air Conditioning
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Maverik
- -
- 5,700 SF
- -
- Triple Net
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Maverik | - | 5,700 SF | - | Triple Net | - |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 44L-075-08-001-00 | Improvements Assessment | $468,233 CAD |
| Land Assessment | $443,049 CAD | Total Assessment | $911,282 CAD |
PROPERTY TAXES
Parcel Number
44L-075-08-001-00
Land Assessment
$443,049 CAD
Improvements Assessment
$468,233 CAD
Total Assessment
$911,282 CAD
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Maverik | 15617 Chenal Pky
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