1220 Ar-35 Benton, AR 72019
- Retail properties
- 0.83 lot acres
Current Use by Public Records
- Retail properties
Property Details for 1220 Ar-35
- Year built
- 2020
- Lot size
- 0.83 lot acres
- Property type
- Retail properties
- Property subtype
- Grocery and convenience stores
Description
This exceptional investment opportunity presents a 2020-built, 100% occupied Circle K convenience store and gas station in Benton, Arkansas. The property boasts a strong absolute NNN lease with a credit-rated corporate guarantor, Gas Express, LLC, the largest Circle K franchisee with over 70 locations. The lease, commencing June 30, 2020, and expiring June 29, 2040, offers a substantial remaining term of 15.8 years, with four, five-year options including 10% rent bumps every five years. The 0.83-acre lot is strategically located off I-30, a major thoroughfare with over 68,000 vehicles per day, serving a densely populated area with over 48,973 residents within a five-mile radius and an average household income exceeding $87,766. The property benefits from significant population growth projections of 7.3% over the next five years and proximity to numerous national retailers, including The Home Depot, Chipotle, and Walmart. The asking price is $3,968,683, yielding a 6.30% cap rate and a net operating income (NOI) of $250,027. This property is eligible for bonus depreciation, offering significant tax advantages (consult your tax advisor for details). This is a rare opportunity to acquire a high-performing, low-risk retail investment with substantial long-term growth potential.
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
- -92.5659
- Latitude
- 34.5516
