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Restaurant

Burger King

2354 E. US 412 Hwy, Siloam Springs, AR 72761

Listing Price: $2,415,094

Cap Rate
5.30%
Tenant Name
Burger King
Gross SF
2,866
Guarantor
Franchisee Guarantee
Rentable SF
2,866
Price/Gross SF
$842.67
Lease Type
Absolute Net
Rent Per Square Feet
$44.66

Investment Overview

Marcus & Millichap is pleased to present this Burger King property on 2345 E. US 412 Hwy Siloam Springs, AR 72761. The existing tipple-net (NNN) lease has over 20 year remaining, with four (4) additional options to extend the lease for ?ve (5) years each. This lease also comes with 10% increase per every 5 years in rent. This particular Burger King is operated by Cantaloupe U LLC, Burger King Franchisees. Siloam Springs is a city in Benton County, Arkansas, United States. The city shares a border on the Arkansas-Oklahoma state line with the city of West Siloam Springs, Oklahoma, which is within the Cherokee Nation territory. The town was founded in 1882 and was characterized by the purported healing powers of the spring water feeding Sager Creek and trading with nearby Native American tribes. John Brown University (JBU) was founded in 1919 as a private, interdenominational, Christian liberal arts college in the city. Today, Siloam Springs is known for its efforts to preserve and revitalize the city's historic downtown and as a promoter of the arts via Sager Creek Arts Center and the JBU art gallery. The community is located on the western edge of the growing Northwest Arkansas metropolitan area and has had a population increase of 47% to 15,039 between the 2000 and 2010 censuses. In 2012, the city was named one of the 20 best small towns in America by Smithsonian magazine

Investment Highlights

  • New 20 Year Lease with large lot size
  • Healthy Rent to Sales Ration by Strong Store Sales
  • Nearby Residential, Industrial & Commercial Area Mixed
  • Closed to Walmart, Lowe's , ALDI, Tractor Supply
  • Many Nationwide QSR – Wendy's, IHOP, Panda Express, Popeye's, Starbucks…

Exclusively Listed By

Broker of Record

  • Anne Williams

    First Vice President Investments

    (901) 620-3600

    License(s) AR: PB00066390

    Arkansas

Financing By

Listing Price: $2,415,094

Cap Rate
5.30%
Tenant Name
Burger King
Gross SF
2,866
Guarantor
Franchisee Guarantee
Rentable SF
2,866
Price/Gross SF
$842.67
Lease Type
Absolute Net
Rent Per Square Feet
$44.66

Investment Highlights

  • New 20 Year Lease with large lot size
  • Healthy Rent to Sales Ration by Strong Store Sales
  • Nearby Residential, Industrial & Commercial Area Mixed
  • Closed to Walmart, Lowe's , ALDI, Tractor Supply
  • Many Nationwide QSR – Wendy's, IHOP, Panda Express, Popeye's, Starbucks…

Investment Overview

Marcus & Millichap is pleased to present this Burger King property on 2345 E. US 412 Hwy Siloam Springs, AR 72761. The existing tipple-net (NNN) lease has over 20 year remaining, with four (4) additional options to extend the lease for ?ve (5) years each. This lease also comes with 10% increase per every 5 years in rent. This particular Burger King is operated by Cantaloupe U LLC, Burger King Franchisees. Siloam Springs is a city in Benton County, Arkansas, United States. The city shares a border on the Arkansas-Oklahoma state line with the city of West Siloam Springs, Oklahoma, which is within the Cherokee Nation territory. The town was founded in 1882 and was characterized by the purported healing powers of the spring water feeding Sager Creek and trading with nearby Native American tribes. John Brown University (JBU) was founded in 1919 as a private, interdenominational, Christian liberal arts college in the city. Today, Siloam Springs is known for its efforts to preserve and revitalize the city's historic downtown and as a promoter of the arts via Sager Creek Arts Center and the JBU art gallery. The community is located on the western edge of the growing Northwest Arkansas metropolitan area and has had a population increase of 47% to 15,039 between the 2000 and 2010 censuses. In 2012, the city was named one of the 20 best small towns in America by Smithsonian magazine

Exclusively Listed By

Broker of Record

  • Anne Williams

    First Vice President Investments

    (901) 620-3600

    License(s): AR: PB00066390

    Arkansas

Financing By

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