Current Use by Public Records
- Retail properties & Spaces
Property Details for 119 Us-425
- Year built
- 1992
- Lot size
- 0.64 lot acres
- Property type
- Retail properties & Spaces
- Property subtype
- Restaurants
Description
Exceptional investment opportunity: a 1,764 sq ft Burger King in Monticello, AR, boasting a 6.00% cap rate and a strong corporate guarantee. This absolute NNN lease features 2% annual rent bumps and one remaining 5-year renewal option, extending the lease term to 2027. The property, built in 1992 and situated on a 0.64-acre lot, enjoys a prime location on US Highway 425 South (6,100+ vehicles per day), surrounded by major retailers including Walmart, Walgreens, and other fast-food chains. Its proximity to the University of Arkansas at Monticello (2,717+ students) ensures consistent customer traffic. The property's strong tenant, a 475-unit Burger King franchisee, provides financial stability and security. The building's excellent condition and the lease's favorable terms make this a compelling investment for discerning buyers seeking a stable, high-return asset in a thriving market. The current NOI is $31,212. This is a single-tenant property with 100% occupancy. The asking price is $520,000, representing a price per square foot of $294.78. Monticello is one of the largest towns in Southeast Arkansas, with a population exceeding 16,945.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Monticello
- County
- Drew
- State
- Arkansas
- Longitude
- -91.8019
- Latitude
- 33.6283
