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Restaurant

Saltgrass Steak House

4404 South JB Hunt Dr, Rogers, AR 72758

Listing Price: $5,578,886

Cap Rate
6.00%
Tenant Name
Saltgrass Arkansas, Inc.
Years Remaining On Lease
19.0
Gross SF
8,050
Guarantor
Corporate Guarantee
Rentable SF
8,050
Price/Gross SF
$693.03
Lease Type
Absolute Net
Rent Per Square Feet
$41.58

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Saltgrass Steak House located in Rogers, Arkansas. This property is subject to a 20-year triple-net (NNN) lease with 20 years remaining on the base term. The offering consists of an approximately 8,050 square foot building that sits on approximately 1.56 acres of land. The estimated base annual rent will be $334,733 and is subject to rental increases of the lesser of 1.3x the change in CPI capped at 10% every five years, with four, five-year tenant renewal option periods.

Investment Highlights

  • Corporate Guarantee (Saltgrass, Inc.) | 89 Units and Growing
  • Brand New Construction | Expected Completion March of 2020
  • New, Long-Term, 20-Year Triple-Net (NNN) Lease
  • Rental Increases of 1.3x the Change in CPI (Capped at 10%) Every Five Years
  • There are Four, Five-Year Tenant Renewal Option Periods

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

Listing Price: $5,578,886

Cap Rate
6.00%
Tenant Name
Saltgrass Arkansas, Inc.
Years Remaining On Lease
19.0
Gross SF
8,050
Guarantor
Corporate Guarantee
Rentable SF
8,050
Price/Gross SF
$693.03
Lease Type
Absolute Net
Rent Per Square Feet
$41.58

Investment Highlights

  • Corporate Guarantee (Saltgrass, Inc.) | 89 Units and Growing
  • Brand New Construction | Expected Completion March of 2020
  • New, Long-Term, 20-Year Triple-Net (NNN) Lease
  • Rental Increases of 1.3x the Change in CPI (Capped at 10%) Every Five Years
  • There are Four, Five-Year Tenant Renewal Option Periods

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Saltgrass Steak House located in Rogers, Arkansas. This property is subject to a 20-year triple-net (NNN) lease with 20 years remaining on the base term. The offering consists of an approximately 8,050 square foot building that sits on approximately 1.56 acres of land. The estimated base annual rent will be $334,733 and is subject to rental increases of the lesser of 1.3x the change in CPI capped at 10% every five years, with four, five-year tenant renewal option periods.

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

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