Cap Rate: 5.50%
Net Operating Income: $108,000
This is an absolute net leased C-Store offering in Salem, AR. This Valero branded station has a new 20 year absolute NNN lease and calls for 1.75% annual increases in rent. The lease is corporately guaranteed by a leading 700-unit operator.
Salem is located in the center of Fulton County in the state of Arkansas. U.S. Routes 62/412 pass through the south side of the city, leading southeast 18 miles (29 km) to Ash Flat and west 36 miles (58 km) to Mountain Home. Arkansas Highway 9 passes through the center of town, leading northeast 19 miles (31 km) to Mammoth Springs and southwest 50 miles (80 km) to Mountain View.