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This corporate-guaranteed Hooters located in North Little Rock (Little Rock MSA), Arkansas. Hooters has ± 9.75 years of primary term remaining on its absolute triple-net lease which includes 10 percent rent escalations every five years. The next rent increase is scheduled for May, 2016, which increases the Cap rate to 6.87% at that time.
Great Street appeal Across street from NLR police station and North Little Rock High School Un-surpassed location just off I-40/I-30 Interchange--surrounded by hotels, restaurants, and other services C-3 Zoning enables re-use as retail, school, doctor, or other professional offices Highly adapatable floor plan enables easy multi-tenant use 33 parking spaces on well lighted parking lot 4 HVAC zones security system .65+/- acre lot is contiguous to hotel and pharmacy
Price Upon Req.13,500 SF
13,000 s.f. center, anchored with Petsense, Hibbetts and Verizon
Marcus & Millichap is proud to present this franchisee guaranteed Taco Bell located at 901 East Broadway, North Little Rock, Arkansas. The subject is an approximate 2,250-square foot, single-tenant fast food restaurant on approximately .80 acres of land. The existing lease is a 20-year, absolute-net (NNN) lease with K-Mac Enterprises, and has about nine-and-a-half years remaining on the original lease term. The absolute-net lease contains four five-year renewal options, with 1 percent annual rental increases. The rent during the options will be set to fair market value, established by an MAI appraiser, as Lessee's expense.
Approximately 8,540 SF retail strip center for sale. fully occupied investment opportunity.