Absolute NNN Ground
113 W Pershing Boulevard, North Little Rock, AR 72114
For Sale
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Land ownership is subject to an absolute NNN lease with scheduled annual rent increases and no building maintenance obligations.
Property SizeContact for details
Lot Size1.05 Acres
Days on Market35
Property Features for 113 W Pershing Boulevard
General Information
Standard status
Lot size
Property subtype
Net Operating Income
Financials
Asking Price
Cap Rate
Additional Details
Highway Access
Tenant in Place
Listing Agency:
Bull Realty
Listed By:
Nancy Miller, CCIM, MBA · License GA #126108
(404) 876-1640
Source:
Crexi
Added: Oct 7
Changed: Nov 8
Last Checked: Nov 10 at 7:12AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Bull Realty
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Investment Insights
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This NNN property consists of approximately 1.05 acres leased on an absolute NNN basis through December 2037. The lease calls for 1.5% annual rent increases. The landowner has no building maintenance or landlord capital expenditure responsibilities under the lease structure.
The parcel occupies the corner of W Pershing Boulevard and John F Kennedy Boulevard, with direct access to I-40. Reported traffic counts are 27,759 vehicles per day on JFK and 95,324 vehicles per day at the interchange. Murphy USA, Super Stay Inn, and Country Inn & Suites are adjacent to the property.
The existing Taco Bueno tenant has subleased the building to a multi-unit Dunkin’ franchise operator. Tenant improvements are underway in preparation for the location to open, while the primary lease remains in place through December 2037. The lease’s stated cap rate is 5.8% based on the January 1, 2027 rent increase.
The parcel occupies the corner of W Pershing Boulevard and John F Kennedy Boulevard, with direct access to I-40. Reported traffic counts are 27,759 vehicles per day on JFK and 95,324 vehicles per day at the interchange. Murphy USA, Super Stay Inn, and Country Inn & Suites are adjacent to the property.
The existing Taco Bueno tenant has subleased the building to a multi-unit Dunkin’ franchise operator. Tenant improvements are underway in preparation for the location to open, while the primary lease remains in place through December 2037. The lease’s stated cap rate is 5.8% based on the January 1, 2027 rent increase.
Key Highlights
- Approximately 1.05‑acre parcel under an absolute NNN ground lease
- Primary lease term runs through December 2037, with 1.5% annual rent increases
- 5.8% cap rate based on the January 1, 2027 increase
Property Analytics
Who owns this building?
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
528
Businesses Nearby
34k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 68%
Hotels & Casinos 17%
Dining 15%
Shell
Shops & Services
10,085 visits/mo
0.4 miles
Murphy USA
Shops & Services
7,154 visits/mo
0.2 miles
Exxon
Shops & Services
5,817 visits/mo
0.2 miles
Tropical Smoothie Cafe
Dining
5,123 visits/mo
0.1 miles
Best Western Plus JFK Inn & Suites
Hotels & Casinos
1,738 visits/mo
0.1 miles
Demographics for 72114, AR
10,957
Population
6,733
Households
1.6
Avg Household Size
38
Median Age
19%
College-Educated
84%
High-School Grad
7.7 sq mi
ZIP Area
1,423
Density / Sq Mi
$28,594
Median Household Income
$27,564
Median Earnings
$781
Median Rent
$87,900
Median Home Value
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Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
NNN property - Land ownership is subject to an absolute NNN lease with scheduled annual rent increases and no building maintenance obligations.
Where is this nnn property located?
The property is located at 113 W Pershing Boulevard North Little Rock, AR.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Approximately 1.05‑acre parcel under an absolute NNN ground lease; Primary lease term runs through December 2037, with 1.5% annual rent increases; 5.8% cap rate based on the January 1, 2027 increase
