Newly Constructed Retail, STNL, Class-A Property in Fayetteville, AR
$8,655,000
3615 North Steele Boulevard, Fayetteville, AR 72703
7.5
Cap Rate
24,925 sqft
Building Size
Details:
Highlights:
- Prime Location: Directly adjacent to major national retailers, restaurants, and lifestyle centers. Surrounded by high-end multi-family developments and just minutes from the University of Arkansas.
- Established Venue: Operated as JJ’s Live, a well-known and high-performing entertainment concept with a regional draw.
- Ample On-Site Parking: 190 on-site parking spaces—an exceptional amenity in this part of Fayetteville.
- Modern Construction: Delivered in 2016, the building meets modern code, with efficient systems and a strong architectural presence.
- Flexible Redevelopment Potential: Easily adaptable for owner-user, continued entertainment use, food & beverage, or national retail tenancy.
- High-Traffic Corridor: Located just off Interstate 49, with traffic counts exceeding 30,000+ vehicles per day along N. Steele Blvd.
Description:
DWG Capital Group presents the opportunity to acquire Ozark Music Hall, a
purpose-built, Class-A experiential entertainment venue located in the heart of
Fayetteville, Arkansas — one of the fastest-growing metropolitan areas in the
United States. The ±24,925 square foot asset is secured by a long-term Absolute
NNN lease structure, delivering predictable, durable income with zero landlord
responsibilities. Originally constructed in 2016 and significantly expanded in
2021, the property represents a newly built, high-quality venue positioned at the
intersection of retail, entertainment, and hospitality within Northwest Arkansas’
most active commercial corridor.
This acquisition aligns with DWG’s strategy of targeting mission-critical,
experience-driven real estate in structurally advantaged growth markets. With
14+ years remaining on the initial lease term and contractual rent escalations, the
investment offers long-duration cash flow supported by strong demographic
growth, institutional retail adjacency, and limited competitive venue supply in the
region. Ozark Music Hall is not traditional retail — it is social and entertainment
infrastructure embedded in one of America’s most economically resilient secondary
markets.
Ozark Music Hall is a two-story, architecturally distinctive entertainment facility
situated on approximately 3.26 acres at 3615 N Steele Boulevard. The property
was purpose-designed as a high-capacity live music venue and expanded in 2021
with the addition of a 10,000+ square foot enclosed concert hall, creating a year-
round indoor event destination. The venue features a professional-grade 30’ x 23’
stage, integrated LED video wall, premium sound systems, VIP mezzanine
boxes, elevated seating areas, full-service kitchen and bar operations, and
flexible indoor/outdoor activation space.
With a standing capacity exceeding 2,500 guests and 900-seat configuration
capability, the asset functions as a regional entertainment anchor serving
Northwest Arkansas, Southwest Missouri, and Eastern Oklahoma. Significant
capital has been invested into the structural buildout, mechanical systems, and
state-of-the-art audio-visual infrastructure, creating high barriers to entry for
competing venues.
Documents:
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Ozark_Music_Hall_-_Fayetteville__AR_-_24_925_SF.pdf
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Location
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