Cap Rate: 7.25%
Net Operating Income: $167,983
Square Footage: 3,625
Lot Size: 0.15 AC
This is an absolute net leased C-Store offering in Paris, Arkansas. The Shell branded station has a new 20 year absolute NNN lease and calls for 2% Annual Increases in rent. The lease is corporately guaranteed by a leading 462-unit operator. This location benefits from its location on a major commercial thoroughfare. Nearby retailers include Walmart, McDonald’s, Dollar General, and many others.
Paris is a city in Logan County, Arkansas, United States, and serves as the county seat for the northern district of Logan County; its southern district counterpart is Booneville. Its population was 3,532 at the 2010 United States Census.