For Sale | $360,000 | 8.99% Cap Rate
The property is a Terminix service branch in Northeast Arkansas’ largest city, and the seller is leasing it back. Rentokil North America, Inc. has owned and occupied the building since 2011. At closing, it signs a five-year lease with 3% annual increases. For a 2026 closing, the lease is absolute net, so the landlord has no obligations.
Offering Summary
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$360,000
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8.99%
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$89.02
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4,044 SF (per survey)
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0.81 acres (preliminary survey)
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$32,352 ($8.00/SF)
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3% annually
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5 years; tenant termination option after Year 3
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Absolute NNN for a 2026 closing
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Rentokil North America, Inc. (Terminix)
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2011
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01-144063-10100 (Craighead County)
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$257,290
Investment Highlights
Substantial tenant. Rentokil North America is the largest pest-control provider in North America. It reported $4.29 billion in revenue and $413 million in operating profit in 2025.
Established branch. This is Terminix’s listed Jonesboro service location, and the operator has occupied the site for 15 years.
No landlord obligations. If the sale closes in 2026, the tenant covers taxes, insurance, utilities, maintenance, roof and structure.
Essential, route-based business. The branch is a fleet dispatch point for recurring residential and commercial contracts, so it doesn’t rely on walk-in traffic.
Growing regional hub. Jonesboro is Arkansas’ 5th-largest city. Its population has grown 6.1% since 2020, and in 2025 only Northwest Arkansas added jobs faster.
Flexible real estate. The freestanding metal building has an office front, an open service area, a fenced yard and plenty of parking. It would be easy to re-tenant or to occupy as an owner.
Attractive basis. The price is under $90/SF, in line with the county’s 2025 appraised value plus the in-place lease.
The Property
The single-story metal building has a glass office storefront facing N Church Street and an open service and warehouse area behind it. The site includes paved customer and fleet parking up front, a chain-link fenced side yard and an open rear lawn. Utilities are in place.
Location
The property is on the N Church Street (Hwy 141) corridor, about 2 miles north of downtown Jonesboro, St. Bernards Medical Center and Arkansas State University. NEA Baptist Memorial Hospital is about 3.8 miles away. Jonesboro is the retail and medical hub for a 12-county trade area of roughly 500,000 people.
Offering Terms
This is a fee simple sale of the land and building. At closing, Rentokil North America, Inc. leases the property back at $8.00/SF with 3% annual increases. The lease runs five years, and the tenant can terminate after Year 3. For a 2026 closing, the lease is absolute net. For a 2027 closing, the landlord is expected to take on roof and structure. The lease form will be finalized with the purchase agreement. Customary buyer contingencies (title, survey, environmental, inspection) are accepted.
Contact
Ted Dickey, JD, CFA
Principal Broker | Lighthouse Asset Advisors
501-291-1161 | ted@lgroup.us
Lic. PB00062254
