17821 I-30 Benton, AR 72015
- Retail properties
Current Use by Public Records
- Retail properties
Property Details for 17821 I-30
- Year built
- 2006
- Property type
- Retail properties
Description
This exceptional investment opportunity presents a thriving IHOP restaurant in Benton, Arkansas. Located at 17821 I-30, 72015, this 5,058 square foot QSR/Fast Food establishment boasts a prominent location on a currently expanding I-30 frontage. Built in 2006, the property operates under an Absolute NNN lease with a remaining term of 1.5 years until June 3, 2026, followed by a 10-year renewal option. The current asking price is $3,686,000, reflecting a strong 6.50% cap rate and a Net Operating Income (NOI) of $239,580. The property benefits from a long-term franchisee with a proven track record of multiple unit operations, ensuring consistent performance and operational stability. This is a rare chance to acquire a well-established, high-performing asset in a prime location with significant growth potential due to the ongoing I-30 expansion. The original lease term was 20 years, demonstrating the tenant's long-term commitment to the site. This investment offers a compelling combination of strong current returns and future upside potential. The property's location and the tenant's history make this a highly desirable addition to any commercial real estate portfolio.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Benton
- County
- Saline
- State
- Arkansas
- Longitude
- -92.5746
- Latitude
- 34.5823
