1815 1st St Jacksonville, AR 72076-2858
- Drive through restaurants
- 2,580 SF
- 0.74 lot acres
Current Use by Public Records
- Domino's Pizza / Chicken Wings Restaurant / Pizza Restaurant
Property Details for 1815 1st St
- Year built
- 2016
- Lot size
- 0.74 lot acres
- Property size
- 2,580 SF
- Property type
- Drive through restaurants
- APN
- 12J-026-01-022-12
- APU
- 12J0260102212
Description
This exceptional investment opportunity presents a 2,580 square foot Whataburger restaurant located at 1815 N 1st St, Jacksonville, AR 72076. Boasting a 20-year absolute NNN lease commencing December 15, 2024, and expiring December 14, 2044, this property offers significant long-term stability. The lease includes a 10% rent increase every five years, ensuring consistent growth in income. The property sits on a 0.77-acre lot and includes 30 parking spaces. Built in 2016 and renovated in 2024, the Whataburger operates 24 hours a day with a dual drive-thru lane. The property enjoys exceptional visibility and access, situated along I-57 with a daily traffic count of 65,100 vehicles. Its strategic location near the Little Rock Air Force Base, a Walmart Supercenter, and other national retailers like Lowe's, Kroger, and Starbucks, ensures high traffic and strong brand recognition. The primary trade area boasts 70,441 residents with an average household income of $80,111. The property generates a Net Operating Income (NOI) of $235,000, resulting in a 6.10% cap rate. The tenant, a franchisee, is affiliated with K-Mac Enterprises, a significant operator in the fast-food industry. This is a 100% occupied, single-tenant property with zero landlord responsibilities. The property is part of the Little Rock-Conway-North Little Rock MSA, a region with 771,000 residents, and is only 15 miles from downtown Little Rock. This is a truly exceptional opportunity for a passive income investment with significant upside potential.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,155,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,235,000
- 6.5%
- $1,095,000
- 7%
- $1,195,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,120,000
- Geo Method
- $1,160,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,010,000
- Retail
- $1,285,000
- Mixed-Use
- $1,255,000
- Hospitality
- $1,035,000
- Educational
- $1,175,000
- Residential Income
- $1,205,000
- Energy
- $1,325,000
- Income-Based Land
- $1,230,000
- Food Service
- $1,275,000
Location Insight
- Map
- Local Demand
- City
- Jacksonville
- County
- Pulaski
- State
- Arkansas
- Longitude
- -92.1083
- Latitude
- 34.8841
- CBSA code
- 30780
- CBSA name
- LITTLE ROCK-NORTH LITTLE ROCK, AR METROPOLITAN STATISTICAL AREA
