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Kum & Go

200 Hwy 63B, Bono, AR 72401

  • For Sale $1,339,020
  • Property Type Retail - Freestanding
  • Property Size 4,139 SF
  • Lot Size 0.82 Acre
  • Property Tenancy Single Tenant
  • Year Built 1995
  • Year Renovated 2007
  • Date Updated Jun 02, 2022
JONESBORO, AR As the hub of northeast Arkansas, Jonesboro is a thriving city with a population close to 70,000. Known as the metro area for Craighead and Poinsett counties, Jonesboro’s economy is changing rapidly and expected to continue to evolve. With a record low unemployment rate, the largest employers — health care, education and manufacturing — are looking for and expecting a more skilled workforce. Northeast Arkansas, about 50 miles northwest of Memphis, Tennessee. Jonesboro, home to Arkansas State University, is a fairly nondescript town with a few college-town amenities and a large agricultural and agricultural processing base. Crops grown nearby include cotton and rice in addition to standards like corn and soybeans. “A State” is the state “ag” school bringing in 16,500 students and a modern college town presence superimposed on this rather typical Southern small town. According to EMSI, an Idaho-based labor market research firm, Jonesboro is the No. 1 metro area for skilled job growth in the state, and the third highest city among the metro areas in seven surrounding states. Jonesboro is also rich in educational opportunities that focus on workforce development through the collaboration of industry and educators. Jonesboro has five target industries: health care, manufacturing, professional services, logistics and agriculture. With these strong areas of commerce and industry in place, tax collections continue to rise, and the population will continue to climb at almost twice the national rate. In 2018, the median property value in Jonesboro was $152,200, and the homeownership rate was 52%. Jonesboro has an unemployment rate of 4.1%. The US average is 6.0%. Jonesboro has seen the job market increase by 0.7% over the last year. Future job growth over the next ten years is predicted to be 40.6%, which is higher than the US average of 33.5%. Forbes ranked Jonesboro as the fifteenth lowest of 185 U.S. small metro areas for the cost of doing business. The cost of living in Jonesboro is lower than many of the cities. Electric rates are 48 percent below the national average.
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Location

  • City Bono, AR
  • Neighborhood Bono
  • Zip Code 72401

Contacts

Michael Matusik

Prime Net Lease

(714) 874-4004

Highlights

  • Lease Term - There are just over 5 years remaining on the original 20-year absolute NNN Lease.
  • Strong Tenant - 400+ Unit operator, Kum & Go is the 18th Largest Convenience Store Operator in the Nation. 2020 marks Kum & Go's 61st year in the business.
  • 100% BONUS DEPRECIATION - Fee Simple ownership of a Gas Station / Convenience Store provides the landlord the opportunity to use accelerated Bonus Depreciation model. Consulting your Accountant or Tax Attorney is advised.
  • Annual Rental Increases - 1.5% Annual Rental increases throughout the initial term and option period to help investors hedge against inflation.
  • Essential Amazon Proof Business - The subject property has remained open and has paid rent in full and on time every month throughout the mandatory stay-at-home orders given by the government at a result of the Covid-19 pandemic.
  • Zero Landlord Responsibility - Absolute Triple Net Lease. There are Zero Management responsibilities, perfect for buyers looking for a “hands-off” investment.

Frequently Asked Questions

What is the total square footage of Kum & Go?

Kum & Go totals 4,139 square feet.

When was this property built?

Kum & Go was built in 1995.

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Attachments

Contact Listing Broker

Michael Matusik

Prime Net Lease

(714) 874-4004

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