- New, 20-Year, Triple Net Lease with Eight Percent Rent Increases Every Five Years Throughout Base Term and Options
- Brand New Location, Currently Under Construction; Est. Opening May 2021
- Located at Mountain Home’s Major Retail Corridor on Highway 62 with More Than 25,000 VPD
- Surrounding Retailers Include Walmart Supercenter, Lowe’s, TJ Maxx, Cato Fashions, Big Lots, Petco, Hobby Lobby, Hibbett Sports, Anytime Fitness, AT&T, Verizon, Starbucks, Chili’s Grill & Bar, Arby’s, Wendy’s, Walgreens and Many More
- Property is Surrounded by Major QSR’s that Perform Among Very Best Units in their Chains:
- McDonald’s is Ranked 2nd out of 158 in Ark. (99th Percentile), and Ranked 232nd out of 12,515 Nationwide (98th Percentile)
- Taco Bell is Ranked 4th out of 89 in Ark. (96th Percentile), and Ranked 435th out of 6,277 Nationwide (93rd Percentile)
- Sonic is Ranked 24th out of 182 in Ark. (87th Percentile), and Ranked 406th out of 3,337 Nationwide (88th Percentile)
- Lease Guarantor is Lotz of Bunz, LLC, Third Largest Schlotzsky’s Franchisee
- Franchisee Owns and Operates 18 Additional Schlotzsky’s Locations
Marcus & Millichap is pleased to present the opportunity to acquire a Schlotzsky’s in Mountain Home, Arkansas. This listing offers a new 20-year, triple net (NNN) lease with three, five-year renewal options. There are eight percent rent increases every five years throughout the base term and option periods. This is a brand-new location, currently under construction. Schlotzsky’s anticipated opening is in May 2021.
The subject property is located along Mountain Home’s major retail corridor on Highway 62 with more than 25,000 vehicles per day. Surrounding national retailers include Walmart Supercenter, Lowe’s, TJ Maxx, Cato Fashions, Big Lots, Petco, Hobby Lobby, Hibbett Sports, Anytime Fitness, AT&T, Verizon, Starbucks, Chili’s Grill & Bar, Arby’s, Wendy’s, Walgreens and many more. Schlotzsky’s is only 1.5 miles from Baxter Regional Medical Center – a 268-bed short-term acute care facility, and three miles from Arkansas State University Mountain Home Campus with a total enrollment of 1,500.
In addition, this property is surrounded by some of the top quick service restaurants (QSR) that have shown exceptional growth and perform among the best units in their chains. These tenants include: McDonald’s which is ranked 2nd out of 158 in Arkansas (99th percentile) and ranked 232nd out of 12,515 nationwide (98th percentile); Taco Bell which is ranked 4th out of 89 in Arkansas (96th percentile) and ranked 435th out of 6,277 nationwide (93rd percentile); and Sonic, ranked 24th out of 182 in Arkansas (87th percentile) and ranked 406th out of 3,337 nationwide (88th Percentile).
Schlotzsky’s is a fast-casual restaurant franchise specializing in sandwiches. The lease guarantor for this location is Lotz of Bunz, LLC which is the third largest Schlotzsky’s franchisee with 18 locations in addition to the Subject Property. The Schlotzsky’s brand has 350 company and franchise owned locations throughout 23 states.
Broker of Record
Lic #: PB00066390