2308 Linwood Drive
Paragould, AR 72450
Paragould, AR 72450
Price:
$1,150,000
Cap Rate:
7.40%
Broker(s):
Jordan Leatherman
Nathan Eller
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Highlights
- Quality Real Estate: Prime site on a dominant retail/restaurant corridor
- Small Deal Size: Sub-$2MM opportunity with strong cash flow
- Secure Income: 10-year lease term with renewal option in place
- Stable Tenant: New Hunan Cuisine Inc. operating under a gross lease
- Growing Market: Paragould continues to expand with new development and strong demand
- Low Management: Minimal landlord obligations - tenant handles utilities, janitorial, and interior
Property Description
We are pleased to present a premier investment opportunity at 2308 Linwood Drive, Paragould, Arkansas. This leased restaurant property offers investors the chance to own a stabilized, income-producing asset in one of Northeast Arkansas' fastest-growing markets.Positioned along Highway 49/Linwood Drive, one of Paragould's most active commercial corridors, the property benefits from excellent visibility, accessibility, and surrounding growth. With rapid retail and restaurant development in the area, this location is poised for continued appreciation.
Property Overview:
Long-Term Lease: Feng Huang (operating New Hunan Cuisine Inc.) committed through September 2035
Strong Lease Structure: $7,500/month gross lease with tenant responsible for utilities and interior upkeep
Secure Income Stream: $90,000 annually, totaling $907,500 over the primary lease term
Renewal Option: Tenant has the right to extend at $7,500/month
Low Landlord Responsibility: Landlord maintains structural/exterior; tenant handles day-to-day
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