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Restaurant

Taco Bueno (Dark Ground Lease) Quick Service Restaurant

113 Pershing Blvd, North Little Rock, AR 72114

Listing Price: $1,500,000

Cap Rate
5.18%
Tenant Name
Taco Bueno
Years Remaining On Lease
13.3
Gross SF
2,141
Guarantor
Corporate Guarantee
Rentable SF
2,141
Price/Gross SF
$700.61
Lease Type
Ground Lease
Rent Per Square Feet
$36.27

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire property ground leased to Taco Bueno on a 1.05-acre lot in North Little Rock, Arkansas. The property is located just off Interstate 40 with over 90,000 vehicles per day.

The property has been ground leased to a quick service restaurant since 2017, with a 2,141-square-foot building that is currently not operating. There are 13 years remaining on the ground lease with annual 1.5 percent rent increases.

Investment Highlights

  • 13 Years Remaining on Ground Lease Annual Rent Increases of 1.5%
  • 2,141 SF Building Built in 2017 on 1.05 Acre Lot
  • Interstate 40 Frontage with 90,000 VPD
  • Three-Mile Population of 55,566
  • Average Household Income of $81,197

Exclusively Listed By

Broker of Record

  • Steve Greer

    Agent Candidate

    (225) 376-6729

    License(s) AR: PB00098133

    Arkansas

Financing By

Restaurant

Taco Bueno (Dark Ground Lease) Quick Service Restaurant

Listing Price: $1,500,000

Cap Rate
5.18%
Tenant Name
Taco Bueno
Years Remaining On Lease
13.3
Gross SF
2,141
Guarantor
Corporate Guarantee
Rentable SF
2,141
Price/Gross SF
$700.61
Lease Type
Ground Lease
Rent Per Square Feet
$36.27

Investment Highlights

  • 13 Years Remaining on Ground Lease Annual Rent Increases of 1.5%
  • 2,141 SF Building Built in 2017 on 1.05 Acre Lot
  • Interstate 40 Frontage with 90,000 VPD
  • Three-Mile Population of 55,566
  • Average Household Income of $81,197

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire property ground leased to Taco Bueno on a 1.05-acre lot in North Little Rock, Arkansas. The property is located just off Interstate 40 with over 90,000 vehicles per day. The property has been ground leased to a quick service restaurant since 2017, with a 2,141-square-foot building that is currently not operating. There are 13 years remaining on the ground lease with annual 1.5 percent rent increases.

Exclusively Listed By

Broker of Record

  • Steve Greer

    Agent Candidate

    (225) 376-6729

    License(s): AR: PB00098133

    Arkansas

Financing By

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