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Last updated on Thursday, February 12, 2015, 2:36 pm

Missouri Investor Takes Logan's Roadhouse for $2.92M

A 6,505-SF commercial development in the Scottsdale Center area of Rogers has a new owner after a $2.92 million sale. 2 Combs Enterprises Inc. of Missouri, led by Kendall Combs, bought the Logan’s Roadhouse restaurant at 530 N. 47th St. National Retail Properties LP, a real estate management company based in Orlando, Florida, was the seller. City Title & Closing LLC of Fayetteville was the title agent. Financing was provided by Guaranty Bank of Springfield, Missouri, with a $2.3 million mortgage. Logan’s has 17 years left on its triple net lease term. Current annual rent is $219,375 ($33.72 per SF) and the building’s cap rate is 7.25 percent. The single-story building was built in 2012 by Great South Construction Co. of Pelham, Ala. National Retail Properties bought the... [ MORE ]

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