Cap Rate: 6.50%
Net Operating Income: $75,000
Square Footage: 2,400
This is an absolute net leased C-Store offering in Mountain Home, 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.
Mountain Home is a city in, and the county seat of, Baxter County, Arkansas, United States, in the southern Ozark Mountains near the northern state border with Missouri. As of the 2010 census, the city had a population of 12,448. A total of 41,307 persons lived within the city and micropolitan area combined, which encompasses the majority of Baxter County.