Cushman & Wakefield | Sage Partners brokered a nearly $7 million sale of the property housing the Red Lobster in Fort Smith, Arkansas, located on one of the busiest intersections in the state, which included an absolute triple net lease with the restaurant chain.
Matt Imhoff, Vice President at Cushman & Wakefield | Sage Partners, represented the seller in the $6,700,000 sale to 1120 South Walton Partners, LLC, that closed on January 24. The 7,886 sq. ft. commercial restaurant space and approximately 2.10 acres of land at 7401 Rogers Ave., are located at the footsteps of Mercy Hospital and one of the state’s busiest intersections in its second largest city. The deal included a 25-year absolute triple net lease with 18 years remaining on the base term.
Diversified experience provides Cushman & Wakefield | Sage Partners with a unique perspective combining an insight of national trends with unparalleled local knowledge.
“We become great advocates for our clients by getting to know their long- and short-term goals,” said Imhoff. “This allows us to meet their specific needs, help them make informed decisions and ensure their best interests.”
Cushman & Wakefield | Sage Partners specialists and researchers continuously analyze local markets to offer clients insight to current conditions, hidden opportunities, and trends. For more information, please visit www.sagepartners.com.
About Cushman & Wakefield | Sage Partners:
Cushman & Wakefield | Sage Partners, a member of the Cushman & Wakefield Alliance, is a locally owned and operated full-service commercial real estate firm specializing in brokerage, capital markets, and asset services. With offices in Rogers and Little Rock, Ark., Sage Partners manages and markets more than 6.5 million square feet of office, industrial, and retail properties across the state. For more information visit www.sagepartners.com.