Kirkland's - New 10 Year Extension

The Snyder Carlton National Net Lease Team is pleased to offer to investors an opportunity to acquire the single tenant, corporate guaranteed lease Kirkland’s in Jonesboro, AR. Kirkland’s Home operates over 340 Locations across 35 states, employs over 4,000 team members and had over $560M in sales in 2021. Exhibiting the strength of this location, the tenant has recently extended the lease for an additional 10 years with 2% annual rental increases, two 5-year option periods, limited landlord responsibilities (structure only), and a corporate guarantee making this asset is ideal for an investor seeking years of inflation resistant cash flows. The 9,030 SF Building was redeveloped in 2021 and is located just off the major intersection of Red Wolf Blvd and E Highland Drive (50,845+ VPD). The property is directly opposite the Turtle Creek Mall which is currently under redevelopment and anchored by Target, JCPenney and Dillard’s.