Kum & Go

Highlights

• ACROSS THE STREET FROM TYSON FOODS! - Tyson Foods, Inc. headquartered in Springdale, AR, is the world's second-largest processor and marketer of chicken, beef, and pork. It is the largest meat company in America.
• EXCELLENT DEMOGRAPHICS - Springdale is the 4th most populous city in Arkansas. 5 mile population count of nearly 105,000 with an average household income of $76,584 making this location ideal for a Kum & Go.
• FAYETTEVILLE-SPRINGDALE-ROGERS MSA - From 2012 to 2023, the population grew from ~482,000 to 590,337 (22.48% increase), while median household income rose from ~$50,000 in 2012 to $66,565 in 2021 (33.13% increase).
• HIGH TRAFFIC COUNTS - Excellent visibility to 35,000+ vehicles in the immediate area from W Sunset Ave and Johnson Rd.
• BONUS DEPRECIATION - Fee simple ownership of a Gas Station provides the landlord the opportunity to use accelerated Bonus Depreciation model. Consulting your Accountant or Tax Attorney is advised.
• 800+ LOCATIONS - Kum & Go was just acquired by Maverik - Adventure's First Stop. Together, Maverik and Kum & Go have over 800 locations, making it the largest independent fuel marketer in the Intermountain West and the 12th largest convenience store operator in the US.
• RENTAL INCREASES - 7.5% Rental increases every five years during the base term and option periods.
• ZERO LANDLORD RESPONSIBILITY - Absolute Triple Net Lease. There are Zero Management responsibilities, perfect for buyers looking for a “hands-off”investment.
• LONG TERM LEASE - There are just under 9 years remaining on the initial term of the lease. Which is followed by four, 5-year options.

Description

Prime Net Lease is pleased to offer the opportunity to acquire the fee simple interest in a free standing Kum & Go located in Springdale, Arkansas. The subject property was built in 2012 specifically for Kum & Go, which signed a brand new 20-year Absolute NNN lease.

The original corporately guaranteed lease has just over 9 years remaining on its initial term, which commenced on December 13, 2012. This absolute NNN lease has 7.50% rental increases every five years during the base term and grants the Tenant four successive options to extend the lease. Each option period is for five years and includes 7.50% rental increases.

The subject property has excellent visibility and is conveniently situated at the fully signalized corner of W Sunset Ave and Johnson Rd in the densely populated part of Springdale. Kum & Go takes advantage of nearly over 35,000 vehicles passing daily in the immediate area. The site is surrounded by several local and major national tenants such as Dunkin' Donuts, Little Caesars, Domino's, Pizza Hut, McDonald's, Sonic, Burger King, Chick-fil-A, O'Reilly Auto Parts, AutoZone, Walgreens, Walmart, and many many more. In addition, there are over 10 major hotels in the nearby area as well as Northwest Medical Center, Arkansas Children's Northwest Hospital and Willow Creek Women's Hospital for a combined 500+ bed count. Springdale is the 4th most populous city in Arkansas, United States. It is located in both Washington and Benton counties in Northwest Arkansas. In addition to several trucking companies, the city is home to the world headquarters of Tyson Foods, the world's largest meat producing company.

This 24-Hour Kum & Go location has 8 fuel pumps, and the store has Kum & Go's signature 'Go Fresh Market' serving breakfast, hot sandwiches, pizza, and much more. Kum & Go has remained open and operating throughout the Covid-19 pandemic.

Coming soon

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