Property summary
This exceptional investment opportunity presents a brand-new, 3,600 square foot retail property located at 3106 Jenny Lind Rd, Fort Smith, AR 72901. The property, built in 2023, sits on a 1.7-acre lot and includes 12 parking spaces. Currently 100% occupied by a Circle K, the property boasts a 20-year absolute NNN lease with a corporate guarantee from a major franchisee, Gas Express, LLC, the largest Circle K franchisee in the country. The lease, expiring October 1, 2043, features a remaining term of 18.9 years and includes 10% rent bumps every five years. The property generates a substantial net operating income (NOI) of $261,690, resulting in a 6.25% cap rate at the asking price of $4,187,000. This strategically located property benefits from proximity to major retailers, schools, and a regional shopping center, ensuring consistent high traffic and strong tenant performance. The property's strong financials, long-term lease, and prime location make it an ideal investment for those seeking a passive income stream with significant tax advantages. Potential bonus depreciation eligibility should be verified with a qualified tax professional. The property's location offers convenient access to Harps Food Stores, a new Family Dollar, Ramsey Middle School, Fairview Elementary School, Southside High School, and the Fort Smith Pavilion shopping center.
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6 recent transactions · within 1.5 miComparable in this City
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Property description
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