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Burger King 2080 N Washington St 2,860 SF Retail Building Forrest City, AR 72335 $3,245,514 CAD ($1,134.80 CAD/SF) 6% Cap Rate
INVESTMENT HIGHLIGHTS
- Strong Franchisee & Corporate Guarantee | Carrols, LLC is Burger King’s largest franchisee with nearly 50 years of operating experience
- High Traffic Counts and Excellent Visibility | The subject property benefits from prominent frontage along North Washington Street
- Longstanding Operational History and Strong Performance | Burger King has operated at this location for over nine years
EXECUTIVE SUMMARY
Surmount is pleased to present the exclusive listing for a Burger King located at 2080 North Washington Street, Forrest City, AR 72335. The site consists of roughly 2,860 rentable square feet of building space on an estimated 0.98-acre parcel of land. This Burger King is subject to a 20-year Triple Net (NNN) lease, which commenced 1/6/2016. The current annual rent is $139,500 and has scheduled increases of 10.00% every 5 years.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,860 SF
Year Built/Renovated
2001/2017
Price
$3,245,514 CAD
Price Per SF
$1,134.80 CAD
Cap Rate
6%
NOI
$194,731 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.98 AC
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 0800-00211-0002 | Improvements Assessment | $100,978 CAD |
| Land Assessment | $84,804 CAD | Total Assessment | $185,782 CAD |
PROPERTY TAXES
Parcel Number
0800-00211-0002
Land Assessment
$84,804 CAD
Improvements Assessment
$100,978 CAD
Total Assessment
$185,782 CAD
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Burger King | 2080 N Washington St
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