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Views: 106 DOM: 171 Updated: 10.30.24 Posted: 05.28.24 Status: Active

Summary

Price $2,805,000
Built/Renov 2023
Tenant Beef-A-Roo
Cap Rate 9.00%
Lease Type Abs NNN
Guarantor Franchisee
Size/SF 4,005
Lease Start 10-24-2022
#Units 24
Price/SF $700.37
Expiration 11-30-2042
Tenant Type Fast Casual/Rest.
NOI $252,450
R. Term 18.0
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 increases throughout the initial term and option periods
  • Absolute NNN lease | 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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Traffic

Collection Street Cross Street Year Traffic Vol Distance
US 62;US 65;US 412 Loftin Dr 2021 20,000 0.40 mi
Old Bellefonte Road Mountain Vista Rd 2021 40 0.66 mi
Hwy 62 E S Main St 2002 17,000 0.82 mi
Hwy 62 E Campground Rd 2002 16,000 0.88 mi
State Hwy 123 Campus Dr 2015 570 0.88 mi
Hwy 123 Campus Dr 2021 640 0.88 mi
State Hwy 123 Campus Dr 2002 470 1.00 mi
US 62;US 65;US 412 Hollyhock Ln 2021 18,000 1.01 mi
South Main Street Hwy 123 2021 5,900 1.08 mi
S Main St Old Bellefonte Rd 2002 4,900 1.16 mi

Listing Broker

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