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Auto Service - Gas-Conv

SQRL 20 Year NNN Leases 2% Bumps Bonus Depreciation

245 Farris Rd, Conway, AR 72034

Listing Price: $3,552,000

Cap Rate
6.25%
Tenant Name
SQRL Fuel
Years Remaining On Lease
19.4
Guarantor
Corporate Guarantee
Rentable SF
2,500
Lease Type
Absolute Net
Rent Per Square Feet
$88.80

Investment Overview

Marcus & Millichap is pleased to present for sale this SQRL Service Station & Convenience Store located at 245 Farris Road in Conway Arkansas. Conway is a city in Arkansas located in the most populous Metropolitan Statistical Area, Central Arkansas and is a suburb of Little Rock. Conway is unusual in that the majority of its residents do not commute to work. The city serves as a regional shopping, educational, work, healthcare, sports and cultural hub for Faulkner County and surrounding areas. Conway’s continued population growth can be attributed to its jobs in technology and higher education with its largest employers being Acxiom, The University of Central Arkansas, Hendrix College and Insight Enterprises. Conway has earned the nickname “City of Colleges” as it is home to three post-secondary educational institutions. With a growing population over 58,908, Conway is the eighth-largest city in Arkansas and as park of the population of the Little Rock-North Little Rock-Conway AR Metropolitan Statistical Area with population 905,847. A few minutes from this SQRL property is University of Central Arkansas with 10,335 students, Hendrix College with 1,000 students and Central Baptist College with 604 students. Also nearby is Carl Stuart Middle School with 744 students in Grades 5-7. Also nearby is Estes Stadium, a popular sports stadium which seats 1,938 for indoor sports. A few minutes away is Conway Regional Medical Park, a private, Medicae Certified institution with 150 Beds. Faulkner County Museum established in 1873, is also nearby and a popular tourist stop in the area. Many apartment complexes surround this SQRL property including Fox Run Apartments with 156 Units, Centerstone Apartments with 352 Units, Brentwood Townhomes with 399 Units, Germantown Apartments with 132 Units and Front Street Apartments with 238 Units. 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 drive-thru convenience store service. Clean parking lots and bathrooms can be expected at every SQRL Service Stations. These family-friendly coffee-shop like convenience stores offer proprietarily sourced products interspersed with locally grown and produced items. 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: $3,552,000

Cap Rate
6.25%
Tenant Name
SQRL Fuel
Years Remaining On Lease
19.4
Guarantor
Corporate Guarantee
Rentable SF
2,500
Lease Type
Absolute Net
Rent Per Square Feet
$88.80

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 245 Farris Road in Conway Arkansas. Conway is a city in Arkansas located in the most populous Metropolitan Statistical Area, Central Arkansas and is a suburb of Little Rock. Conway is unusual in that the majority of its residents do not commute to work. The city serves as a regional shopping, educational, work, healthcare, sports and cultural hub for Faulkner County and surrounding areas. Conway’s continued population growth can be attributed to its jobs in technology and higher education with its largest employers being Acxiom, The University of Central Arkansas, Hendrix College and Insight Enterprises. Conway has earned the nickname “City of Colleges” as it is home to three post-secondary educational institutions. With a growing population over 58,908, Conway is the eighth-largest city in Arkansas and as park of the population of the Little Rock-North Little Rock-Conway AR Metropolitan Statistical Area with population 905,847. A few minutes from this SQRL property is University of Central Arkansas with 10,335 students, Hendrix College with 1,000 students and Central Baptist College with 604 students. Also nearby is Carl Stuart Middle School with 744 students in Grades 5-7. Also nearby is Estes Stadium, a popular sports stadium which seats 1,938 for indoor sports. A few minutes away is Conway Regional Medical Park, a private, Medicae Certified institution with 150 Beds. Faulkner County Museum established in 1873, is also nearby and a popular tourist stop in the area. Many apartment complexes surround this SQRL property including Fox Run Apartments with 156 Units, Centerstone Apartments with 352 Units, Brentwood Townhomes with 399 Units, Germantown Apartments with 132 Units and Front Street Apartments with 238 Units. 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 drive-thru convenience store service. Clean parking lots and bathrooms can be expected at every SQRL Service Stations. These family-friendly coffee-shop like convenience stores offer proprietarily sourced products interspersed with locally grown and produced items. 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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