Cap Rate: 6.50%
Net Operating Income: $72,200
Square Footage: 2,828
Lot Size: 0.23 AC
This is an absolute net leased C-Store offering in Alpena, 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 462-unit operator.
Alpena is a town in Boone and Carroll counties in the U.S. state of Arkansas.
The Boone County portion of Alpena is part of the Harrison Micropolitan Statistical Area.