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3812 Massard Rd 3,746 SF Retail Building Fort Smith, AR 72903 $6,574,176 CAD ($1,754.99 CAD/SF) 5.15% Cap Rate
Investment Highlights
- 17 Year Absolute NNN Lease
- Zero Landlord Responsibilities
- 1 Mile Average Household Income exceeds $104,000
- New Construction - October 2022
- 1% Annual Increases Including Option Periods
- Population is more than 70,000 People within a 5 Mile Radius
Executive Summary
NAI Heartland is pleased to present a free-standing Whataburger located in Fort Smith, Arkansas. The tenant, Whataburger (WAB Venture, an affiliate of K Mac Enterprises) signed a brand new 20-year lease which will expire in September 2042. The Absolute NNN lease will require zero landlord responsibilities and features 1% annual rent increase to hedge against inflation. These rent escalations are also included in the six, five-year option periods.
WAB Venture is currently expanding and operates ±20 locations at the end of 2025 and intends to build a total of 40 locations over the next few years.
This is an ideal opportunity for an investor to purchase an income real estate asset with absolutely zero management responsibilities. The tenant is responsible for all property taxes, insurance, and capital expenditures including the roof, structure & HVAC.
WAB Venture is currently expanding and operates ±20 locations at the end of 2025 and intends to build a total of 40 locations over the next few years.
This is an ideal opportunity for an investor to purchase an income real estate asset with absolutely zero management responsibilities. The tenant is responsible for all property taxes, insurance, and capital expenditures including the roof, structure & HVAC.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
3,746 SF
Year Built
2022
Price
$6,574,176 CAD
Price Per SF
$1,754.99 CAD
Cap Rate
5.15%
NOI
$338,669 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
1.19 AC
Zoning
Commercial - Commercial
Parking
31 Spaces (8.28 Spaces per 1,000 SF Leased)
Frontage
247’ on Phoenix Avenue
Nearby Major Retailers
Property Taxes
| Parcel Number | 12109-0002-00000-00 | Improvements Assessment | $310,293 CAD |
| Land Assessment | $198,788 CAD | Total Assessment | $509,081 CAD |
Property Taxes
Parcel Number
12109-0002-00000-00
Land Assessment
$198,788 CAD
Improvements Assessment
$310,293 CAD
Total Assessment
$509,081 CAD
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3812 Massard Rd
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