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Saltgrass Steak House

Rogers, Arkansas

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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

Key Details

Price:
$5,578,886
Cap Rate:
6.00%
Annual Rent:
$334,733
Address:
404 South JB Hunt Drive, Rogers, Arkansas 72758
Property Type:
Net-Leased Restaurant
Lease Type:
Triple-Net (NNN)

Original Lease Term:
19+ Years
Lease Commencement:
August 1, 2020
Lease Expiration:
August 31, 2040
Lot Size:
+/- 1.56 Acres
Building Size:
8,050 SF
Tenant:
Saltgrass Steak House

Broker of record

Anne Williams

License: PB00066390


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