SQRL

2028 Arkansas 92, Springfield, Arkansas 72157

$1,658,322

Cap Rate 7.75%

Views: 68 Updated: 11.23.23 Posted: 05.24.23 Status: Inactive

Summary

Price $1,658,322		Tenant SQRL
Cap Rate 7.75%	Lease Type Abs NNN	Guarantor Corporate
Size/SF 3,612	Lease Start 09-01-2022	#Units 139
Price/SF $459.11	Expiration 09-30-2042	Tenant Type Convenience/Gas
NOI $128,520	R. Term 18.0	Ownership Fee Simple
Rent/SF $35.58	Increases 2.0%/1/yrs	Pop 5Mi 3,130
Lot/AC 5.84	Options 4/5yrs/2%	AHHI 5Mi $66,646

Deno Bistolarides

ENCORE Real Estate Investment Services

Contact

Lease Highlights

New 2023 renovation
SQRL recently signed a brand new 20-year lease with 4 (5-year) options to extend
Lease features 2% annual rental increases throughout the initial term and during each option
Absolute NNN | Zero landlord responsibilities
Corporate guarantee by SQRL Holdings, LLC

Location Description

This newly renovated SQRL Fueling Station and convenience store is located along Highway 92 and features a drive thru and order at the pump options. The site is situated in a rural residential area with extremely limited competition. The 5-mile trade area is supported by 3,130 residents earning an average annual income of $66,646. Springfield (Conway County), once the county seat of Conway...

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Key Features

New prototype
Recent renovation
Highway location
Brand new lease
Long 15+ yr lease
Absolute NNN
Accelerated depreciation
Annual rent increases
Corporate Guarantee
Over 100 Units backed

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Links

SQRL Wikipedia Springfield, Arkansas Zip Code 72517 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: SQRL
Guarantor:Corporate
Company:SQRL Holdings, LLC
# Units:139
Stock:Private

About Tenant

SQRL Fuel operates gas stations with coffee-shop-like convenience stores. Their brand focuses on being family friendly and environmentally conscious as well as offering high quality products,...

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Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	240	857	2,639
2023 Total Population :	235	840	2,585
2023 Employed Civilian Pop :	97	346	1,158
2023 Total Businesses :	7	15	33
2023 Average Household Income :	$ 67,880	$ 68,400	$ 79,327
2023 Total Consumer Spending :	$ 5 M	$ 23 M	$ 73 M
2023 Median Age :	42	42	41
2023 Total Households :	97	379	1,044
2023 Pop Age 25+: Bachelor's Degree :	20	73	282
2023 Average Home Value :	$ 180,769	$ 180,482	$ 200,247

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
SR 92	Sledge Loop	2021	1,900	0.14 mi
SR 92	Biggers Pass Rd	2021	1,900	0.14 mi
SR 124	Colwell Ln	2021	700	0.75 mi
SR 92	White Oak Rd	2021	1,300	0.79 mi
Bethlehem Road	Rocky Rd	2021	90	1.44 mi
Mallet Town Road	Wallace Trl	2021	140	2.76 mi

Listing Broker

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