North Little Rock, AR 72114

Circle K (Pike Avenue)

Property Address

1600 Pike Avenue, North Little Rock, AR 72114, USA

Offering Summary

  • Price: $4,381,000
  • Lot Size: 1.00 Acres
  • Cap Rate: 5.85%
  • Year Built: 2023
  • Building SF: 3,600
  • Status: In Escrow
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  • Brand New 20-Year 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
  • 128,535 Residents and 216,411 Daytime Employees within a Five-Mile Radius - Growing Trade Area in the Little Rock MSA
  • Property Qualifies for 80 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
  • Easily Accessible Location within One Mile of Two Major Freeways (I-30 and I-40)

Broker Information