1815 1st St Jacksonville, AR 72076-2858

Property Details for 1815 1st St

Year built

2016

Lot size

0.74 lot acres

Property size

2,580 SF

Property type

Drive through restaurants

APN

12J-026-01-022-12

APU

12J0260102212

Description

This exceptional investment opportunity presents a 2,580 square foot Whataburger restaurant located at 1815 N 1st St, Jacksonville, AR 72076. Boasting a 20-year absolute NNN lease commencing December 15, 2024, and expiring December 14, 2044, this property offers significant long-term stability. The lease includes a 10% rent increase every five years, ensuring consistent growth in income. The property sits on a 0.77-acre lot and includes 30 parking spaces. Built in 2016 and renovated in 2024, the Whataburger operates 24 hours a day with a dual drive-thru lane. The property enjoys exceptional visibility and access, situated along I-57 with a daily traffic count of 65,100 vehicles. Its strategic location near the Little Rock Air Force Base, a Walmart Supercenter, and other national retailers like Lowe's, Kroger, and Starbucks, ensures high traffic and strong brand recognition. The primary trade area boasts 70,441 residents with an average household income of $80,111. The property generates a Net Operating Income (NOI) of $235,000, resulting in a 6.10% cap rate. The tenant, a franchisee, is affiliated with K-Mac Enterprises, a significant operator in the fast-food industry. This is a 100% occupied, single-tenant property with zero landlord responsibilities. The property is part of the Little Rock-Conway-North Little Rock MSA, a region with 771,000 residents, and is only 15 miles from downtown Little Rock. This is a truly exceptional opportunity for a passive income investment with significant upside potential.

Location Insight

City

Jacksonville

County

Pulaski

State

Arkansas

Longitude

-92.1083

Latitude

34.8841

CBSA code

30780

CBSA name

LITTLE ROCK-NORTH LITTLE ROCK, AR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments