


113 Audobon Dr
Maumelle, AR
Price:
$1,732,430
Cap Rate:
6.50%
NOI:
$112,608
Ownership Type:
Fee Simple
Building Size:
2,005 SF
Lot Size:
0.7 AC
Lease Type:
Absolute NNN
Term Remaining:
15 Years
Rent Increases:
1.5% Annually
Lease Options:
2, 5 Years
Guarantor:
Clean Tech Ventures, LLC / Personal Guaranty
Fee simple ownership may offer a new investor bonus depreciation benefits for qualifying service station & motor fuels retailer type single tenant properties. The lease is absolute NNN with no landlord maintenance or management obligations whatsoever. The lease also offers attractive 1.5% annual rent increases during the primary term and option periods.
There are strong demographics in the region with average household incomes exceeding $106,000 (1-mile radius). The property benefits from excellent visibility and access along Maumelle Blvd (23,191 VPD) and it is shadow-anchored by a Kroger grocery-anchored shopping center with national tenants surrounding including Chick-fil-A, Starbucks, US Bank, Walgreens, Cold Stone, Zaxby's, Wendy's, Sonic, and many more
The company has rapidly expanded throughout top markets in Arkansas with 27 locations and growing. The company has a loyal customer base and specializes in fast, on-demand 10-minute oil changes plus add-on services. E-commerce resistant business model
Senior Managing Director, Investments
(925) 989-8198
jason.hernandez@marcusmillichap.com
Senior Associate
(203) 962-2042
jack.oneill@marcusmillichap.com
Associate
(901) 612-0515
jackson.lyons@marcusmillichap.com