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North Little Rock, AR 72114

Circle K

Property Address

1600 Pike Avenue, North Little Rock, AR, USA

Offering Summary

  • Price: $4,271,000
  • Lot Size: 1 Acre
  • Cap Rate: 6.0%
  • Year Built: 2023
  • Building SF: 3,600
  • Status: In Escrow
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  • 19 Years Remaining on Absolute Triple-Net (NNN) Lease
  • 10 Percent Rental Increases Every Five Years
  • Tenant is the Largest Circle K Franchisee in the United States with 200+ Locations
  • 128,916 Residents and 218,189 Daytime Employees within a Five-Mile Radius - Growing Trade Area in the Little Rock MSA
  • Property Qualifies for 60 Percent Year One Bonus Depreciation or 15-Year Accelerated Depreciation Per IRS 1250 Property Designation
  • Signalized Hard Corner Location, Visible to Over 21,000 Cars per Day Along Pike Ave
  • Central Location Only Three Miles North of Downtown Little Rock

Broker Information

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