Marcus & Millichap is pleased to present the exclusive listing for a Saltgrass Steak House located in Rogers, Arkansas. This property is subject to a 20-year triple-net (NNN) lease with over 19 years remaining on the base term. The offering consists of an approximately 8,050 square foot building that sits on approximately 1.56 acres of land. The estimated base annual rent will be $334,733 and is subject to rental increases of the lesser of 1.3x the change in CPI capped at 10% every five years, with four, five -year tenant renewal option periods.
Corporate Guaranty (Saltgrass, Inc.) | 90 Units and Growing
Brand New Summer 2020 Construction
Long-Term, 20-Year Triple-Net (NNN) Lease with 19+ Years Remaining
Rental Increases of 1.3x the Change in CPI (Capped at 10%) Every Five Years
Four (4), Five (5)-Year Tenant Renewal Option Periods