Cap Rate: 6.50%
Net Operating Income: $75,000
Square Footage: 2,400
This is an absolute net leased C-Store offering in Wynne, AR. This Phillips 66 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 462-unit operator.
Wynne is the county seat and largest city of Cross County, Arkansas, United States. The population was 8,367 at the 2010 Census. Nestled between the Arkansas Delta and Crowley’s Ridge, Wynne is the closest city to the second-largest state park in Arkansas, Village Creek State Park.