Price: $1,929,130
Cap Rate: 5.75%
Net Operating Income: $110,925
Square Footage: 3,477
Lot Size: 1.33 AC
Market: Little Rock
This is an absolute net leased C-Store offering in Cabot, Arkansas. This Valero branded station has a new 20 year absolute NNN lease and calls for 2% annual increases in rent. The lease is corporately guaranteed by a leading 700-unit operator.
Cabot is the largest city in Lonoke County, Arkansas, and a suburb of Little Rock. As of the 2010 census, the population of the city was 23,776, and in 2019 the population was an estimated 26,352, ranking it as the state’s 19th largest city, behind Jacksonville. It is part of the Little Rock–North Little Rock–Conway Metropolitan Statistical Area.