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Auto Service - Gas-Conv

SQRL 20 Year NNN Leases 2% Bumps Bonus Depreciation

9978 AR-38, Hickory Plains, AR 72066

Listing Price: $2,846,154

Cap Rate
6.35%
Tenant Name
SQRL Fuel
Years Remaining On Lease
19.4
Guarantor
Corporate Guarantee
Rentable SF
3,200
Lease Type
Absolute Net
Rent Per Square Feet
$56.25

Investment Overview

Marcus & Millichap is pleased to present for sale this SQRL Service Station & Convenience Store located at 9978 Highway 38 W. in Hickory Plains, Arkansas. Hickory Plains is an unincorporated community in Prairie County, Arkansas located at the junction of Arkansas Highways 13 and 38, and 13 miles west of Des Arc. Hickory Plains is part of Prairie County Arkansas with a population over 8,715 people and 4,503 households. Numerous apartment complexes are located nearby this SQRL property including Crestwood Apartments with 176 units, Leawood Apartments with 24 rented units, Millwood Townhouses with 27 rented units and McCrae Senior Housing with 20 rented units. Located nearby is Arkansas State University-Beebe with 2,982 enrolled students. Also nearby is Beebe High School with 949 students in grades 9-12. A short distance from the property is North Metro Medical Center, a mediumsized health care facility with 500 employees and a revenue of $62.6 Million. SQRL fuel stations are clean, well-lit and safe places to fill up or grab some food. The stations offer full service at the pump and inside, along with drivethru convenience store service. Clean parking lots and bathrooms can be expected at every SQRL Fuel Station. These family-friendly coffee-shop like convenience stores offer proprietarily sourced products interspersed with locally grown businesses. The leases are guaranteed by an 80+ unit operating entity. Due to the success of SQRL rollouts, the operator has plans to continue expansion with an additional 70+ units in its development pipeline.

Investment Highlights

  • 20 Year Absolute Net Lease | Zero Landlord Responsibilities
  • Being Remodeled as SQRL Fuel Stations
  • 2 Percent Annual Rent Increases | Strong Hedge Against Inflation
  • Every SQRL Location Offers Full Service
  • SQRL Puts an Emphasis on Service, Partners with Local Food Vendors, and Provides a Family Friendly Atmosphere

Exclusively Listed By

Broker of Record

  • Anne Williams

    First Vice President Investments

    (901) 620-3600

    License(s) AR: PB00066390

    Arkansas

Financing By

Auto Service - Gas-Conv

SQRL 20 Year NNN Leases 2% Bumps Bonus Depreciation

Listing Price: $2,846,154

Cap Rate
6.35%
Tenant Name
SQRL Fuel
Years Remaining On Lease
19.4
Guarantor
Corporate Guarantee
Rentable SF
3,200
Lease Type
Absolute Net
Rent Per Square Feet
$56.25

Investment Highlights

  • 20 Year Absolute Net Lease | Zero Landlord Responsibilities
  • Being Remodeled as SQRL Fuel Stations
  • 2 Percent Annual Rent Increases | Strong Hedge Against Inflation
  • Every SQRL Location Offers Full Service
  • SQRL Puts an Emphasis on Service, Partners with Local Food Vendors, and Provides a Family Friendly Atmosphere

Investment Overview

Marcus & Millichap is pleased to present for sale this SQRL Service Station & Convenience Store located at 9978 Highway 38 W. in Hickory Plains, Arkansas. Hickory Plains is an unincorporated community in Prairie County, Arkansas located at the junction of Arkansas Highways 13 and 38, and 13 miles west of Des Arc. Hickory Plains is part of Prairie County Arkansas with a population over 8,715 people and 4,503 households. Numerous apartment complexes are located nearby this SQRL property including Crestwood Apartments with 176 units, Leawood Apartments with 24 rented units, Millwood Townhouses with 27 rented units and McCrae Senior Housing with 20 rented units. Located nearby is Arkansas State University-Beebe with 2,982 enrolled students. Also nearby is Beebe High School with 949 students in grades 9-12. A short distance from the property is North Metro Medical Center, a mediumsized health care facility with 500 employees and a revenue of $62.6 Million. SQRL fuel stations are clean, well-lit and safe places to fill up or grab some food. The stations offer full service at the pump and inside, along with drivethru convenience store service. Clean parking lots and bathrooms can be expected at every SQRL Fuel Station. These family-friendly coffee-shop like convenience stores offer proprietarily sourced products interspersed with locally grown businesses. The leases are guaranteed by an 80+ unit operating entity. Due to the success of SQRL rollouts, the operator has plans to continue expansion with an additional 70+ units in its development pipeline.

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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