302 22nd St Stuttgart, AR 72160-9010

Property Details for 302 22nd St

Year built

2019

Lot size

4.82 lot acres

Property size

3,035 SF

Property type

Drive through restaurants

APN

074-00192-003

APU

7400192003

Description

This exceptional investment opportunity presents a fee-simple ownership of a Burger King restaurant located at 302 E 22nd St, Stuttgart, AR 72160. The property boasts 2,974 square feet on a 1.5-acre lot, built in 2018. The property is subject to a 20-year absolute triple-net (NNN) lease, offering significant long-term stability with minimal landlord responsibilities. The lease commenced July 18, 2018, and has approximately 13.7 years remaining, extending to July 31, 2038. The current annual net operating income (NOI) is $126,672, representing a 6.25% cap rate based on the asking price of $2,026,752 ($681.49 per square foot). The lease includes four 5-year renewal options, with a 10% rent increase every five years. The tenant is a Burger King franchisee, guaranteed by a subsidiary of Carrols Restaurant Group, a major US restaurant operator, ensuring financial strength and operational expertise. This property offers a compelling combination of strong tenant occupancy (100%), a long-term lease, and built-in rent escalations, making it an attractive investment for discerning buyers seeking passive income and long-term appreciation. The property is currently operating at 100% occupancy.