For Sale: 7501 Rogers Avenue
Natural State Retail Group is pleased to offer the opportunity to acquire the fee simple interest in a corporately guaranteed, absolute NNN, drive-thru equipped, Raising Cane’s investment property located in Fort Smith, AR. This development was a reverse build to suit whereby during the primary term, annual base rent shall be the sum of the ground rent, improvement rent and the carrying cost rent. During any extension, annual base rent shall be the sum of the ground rent and the improvement rent only. The tenant, Raising Cane’s Restaurants, LLC, signed a 15-year primary lease with 5 (5-year) options to extend. The lease features rental increases every 5 years throughout the initial term and option periods. The lease is corporately guaranteed and is absolute NNN with zero landlord responsibilities making it a premier, hassle-free investment opportunity for any investor.
Offering memorandum available upon execution of confidentiality agreement
New 15-Year Lease | Corporately Guaranteed | Rental Increases | New 2019 Construction
Absolute NNN | Fee Simple Ownership
Major Thoroughfare | Excellent Visibility & Access | Drive-Thru Equipped
Adjacent to new Mercy Hospital with 200+ beds and rated Watson Health 100 top hospitals in 2019
- Property Type
Retail
- Year Built
2019
- Total Acres
0.07
- Number of Floors
1
- Zoning
Commercial Heavy
- Property ID
2117512
