Property profile

113 Pershing Blvd N Little Rock, AR 72114

OFF-MARKET
Drive through restaurants
Property ID
US05-2218798
2,141 SF 1.05 ac lot Built 2017
Entity Owned 8-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

The property is a restaurant building constructed in 2017 with approximately 2,141 square feet of space, situated on a 1.05-acre lot with frontage on Interstate 40. It has access and visibility from this highway corridor and is positioned in an area with a reported three-mile population of 55,566 and an average household income of $81,197. The property is subject to a ground lease structure with approximately 12 years remaining and scheduled 1.5% annual rent increases, and it is configured such that the tenant (under the lease terms) is responsible for triple-net expenses. The building is currently vacant.

Property profile

Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Year built 2017
Total area 2,141 SF
Lot 1.05 ac (45,738 SF)
APN 33N-209-03-001-01
UPID US05-2218798

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

113 Pershing Blvd N Little Rock, AR 72114-2219
N Little Rock metro Census 2900 LITTLE ROCK-NORTH LITTLE ROCK, AR METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$355k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$355k

Owner & transaction history

since 2018
1 recorded transaction
2018
$1.3M

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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