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1323 HWY 71S
Fort Smith, AR

County Sebastian
Price $675,000.00
Square Feet 3061
Acreage .50

Current Pizza Hut location available for purchase. Building is approximately 3,061 square feet situated on 22,000 square feet of land. Located among many other retail and restaurants in a main retail corridor. Property has plenty of frontage and great access from Highway 71 South, near Zero Street and Towson Avenue. Owner is asking $675,000. Cap rate is approximately 7.25% on current lease agreement.

Fee Simple Land and Building – Absolute Triple Net Lease

Current Lease Term: To December.31.2021

Options: None – Tenant exercised all options

Current annual base rent $32,902.00

Percentage rent: 5% over $658,040.00

NOI  2018:$ $35,990.00 and $38,958.97 in 2017

Year Built:  1987 – subsequently remodeled and upgraded  

Great visibility – Main Retail Corridor Thoroughfare

Dual Access from Highway 71 and side crossing 14th street

One mile from to WalMart Supercenter 

Below Market Rent - Low Price per SF

Agent Details

Greta Barr
(479) 785-4343

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