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Views: 73 DOM: 112 Updated: 09.13.24 Posted: 05.28.24 Status: Active

Summary

Price $3,060,000
Built/Renov 2023
Tenant Beef-A-Roo
Cap Rate 8.25%
Lease Type Abs NNN
Guarantor Franchisee
Size/SF 4,005
Lease Start 10-24-2022
#Units 24
Price/SF $764.04
Expiration 11-30-2042
Tenant Type Fast Casual/Rest.
NOI $252,450
R. Term 18.2
Ownership Fee Simple
Rent/SF $63.03
Increases 2.0%/1/yrs
Pop 5Mi 19,652
Lot/AC 1.15
Options 4/5yrs/2%
AHHI 5Mi $62,705

Lease Highlights

  • Beef-A-Roo has 18+ years remaining on the current lease term with 4 (5-year) options to extend
  • The lease features 2% rental escalations throughout the initial term and option periods
  • Absolute NNN | Zero landlord responsibilities
  • Lease guaranteed by Rocinante Equity, Inc. DBA Elysian Capital & Jeffrey Love, personally

Location Description

Beef-A-Roo is strategically located on US-62, with access to 25,216 vehicles passing by daily. The property is surrounded by well-known national tenants, including Sonic, AutoZone, Take 5 Oil, Dollar General, and more. The 5-mile trade area is supported by a population of 19,652 residents with an average household income of $62,705. Harrison is the county seat of Boone County, Arkansas....

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Beef-A-Roo
  • Guarantor:Franchisee
  • Company:Rocinante Equity, Inc.
  • # Units:24
  • Stock:Private

About Tenant

Beef-A-Roo is a beloved restaurant chain that has been serving up delicious roast beef sandwiches, which have become a local favorite. Over the decades, the company has expanded its menu to...


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Listing Broker

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