Property summary
This exceptional investment opportunity presents a 4,200 square foot Circle K convenience store and gas station in Sherwood, Arkansas. Located at 9324 AR-107, this Class A property boasts a 15.7-year remaining lease term (expiring August 31, 2040) with a strong 7.04% cap rate and a substantial NOI of $347,518. The absolute NNN lease features 10% rent bumps every five years, ensuring consistent income growth. Built in 2020 on a 0.71-acre lot, the property benefits from a prime location along a major retail corridor with over 27,000 vehicles passing daily. Its visibility at a signalized hard corner ensures high traffic exposure. The tenant is a large, established Circle K franchisee with over 200 locations. The surrounding area is densely populated and affluent, with an average household income exceeding $90,000 within a 3-mile radius and over 80,000 residents within 5 miles. The property's proximity to a Walmart Supercenter, other national retailers, and North Little Rock Municipal Airport further enhances its value and potential. Significant tax benefits are available through accelerated depreciation and cost segregation, including a rare fuel sales reporting clause for bonus depreciation. This passive investment offers exceptional returns and long-term stability in a thriving market. The asking price is $4,936,334.
Property profile
VerifiedCap rate & NOI
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Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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from $99/month
Cap rate
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from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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