Single Tenant C-Mac's Fast Casual Restaurant with Drive-Thru

Forged Real Estate is pleased to exclusively offer the opportunity to acquire the fee simple interest in a single tenant property leased to C-Mac’s, (the “Property”) in Siloam Springs, a city in northwest Arkansas in Benton County. C-Mac’s will operate on a new 10-year triple-net (NNN) lease with two percent (2%) annual rental increases, including in the option periods. C-Mac’s sits as an outparcel to a Harbor Freight and Dunham Sports' anchored shopping center along Highway 412, a main thoroughfare in Siloam Springs that boasts 29,000 VPD. The property features a single-lane drive-thru and multiple modes of accessibility that allows for convenient access to and from Highway 412 (29,000 VPD). The 5-mile area surrounding the property has experienced extensive growth since 2020 with the population and number of households growing by 11.25% and 11.97%, respectively. Both the population and number of households are projected to continue growing by 9.91% and 10.69% respectively through 2028. Within that area, there are multiple residential development projects including Fox Tail Village, Fox Meadow, and Somerset that will add a combined 330 residential lots to support the growing population within the area.

C-Mac’s is a quick service restaurant offering a variety of menu items ranging from burgers and salads to southern-inspired baskets and sandwiches. C-Mac’s lease is supplemented with a personal guaranty from Chris McMillan, the CEO and Founder of Panhandle Restaurant Group, headquartered in Panama City, Florida. Panhandle Restaurant Group was formed by Chris and Amy McMillan, two veterans who spun off from the largest Sonic operator in the nation. They currently operate 10 identified units for Sonic Drive-In, Slim Chickens, and Rib Crib with the vision of operating 100+ units across five concepts in the southeast.