302 22nd St Stuttgart, AR 72160-9010
Property profile & analytics
302 22nd St Stuttgart, AR 72160-9010
- Drive through restaurants
- 3,035 SF
- 4.82 lot acres
Property ID
US05-1863314
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Drive through restaurants
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.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Stuttgart
- County
- Arkansas
- State
- Arkansas
- Longitude
- -91.5506
- Latitude
- 34.4783
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$8,931
$83,544
$77,292
$160,836
-
$417,720
$386,460
$804,180
