9811 Ar-253 Fort Smith, AR 72916
- Retail properties
- 3,600 SF
- 1.06 lot acres
Current Use by Public Records
- Retail properties
Property Details for 9811 Ar-253
- Year built
- 2023
- Lot size
- 1.06 lot acres
- Property size
- 3,600 SF
- Property type
- Retail properties
- Property subtype
- Grocery and convenience stores
Description
This exceptional investment opportunity presents a brand-new, 3,600 square foot Circle K convenience store and gas station in Fort Smith, Arkansas. Located on 1.06 acres at 9811 AR-253, this property boasts a prime location with excellent visibility from I-540 and Highway 253, experiencing a combined 40,000 vehicles per day. The property features 18 parking spaces and benefits from a strong tenant, Gas Express, LLC, the largest Circle K franchisee in the country, with a portfolio exceeding 200 units across various brands. The absolute NNN lease has a remaining term of 18.9 years, expiring October 1, 2043, with 10% rent bumps every five years. The property's strong financial performance is reflected in a current NOI of $268,277 and a 6.25% cap rate at the asking price of $4,292,000. The property is 100% occupied and benefits from its proximity to major attractions such as the Choctaw Casino & Resort and a newly developed medical research facility. The affluent area boasts an average household income exceeding $114,000 within a one-mile radius. Built in 2023, this Class B property is an ideal 1031 exchange asset with zero landlord responsibilities. The substantial remaining lease term, coupled with the strong tenant and favorable location, makes this a compelling investment opportunity. Potential tax advantages may exist due to bonus depreciation eligibility (consult with a tax professional for confirmation).
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
- Fort Smith
- County
- Sebastian
- State
- Arkansas
- Longitude
- -94.4225
- Latitude
- 35.2921
