MarketPlace Grill | Great Investment Opportunity

1636 S 48th St, Springdale, AR

$3,655,238

Price

6.3%

Cap Rate

$230,280

NOI

Overview
Cap Rate
6.3%
NOI
$230,280
Building Size
10,058 sqft
Lot Area
1.67 acres
Lease Type
Double Net
Year Built
1995
Price Per Sqft
$363.42
Utilities
Tenant’s Responsibility
Repairs & Maintenance
Tenant’s Responsibility
Insurance
Tenant’s Responsibility
Description

Sands Investment Group is Pleased to Exclusively Offer For Sale the MarketPlace Grill Located at 1636 S 48th Street in Springdale, Arkansas. This Opportunity Offers a New 10 Year Lease to Begin at the Close of Escrow With 1% Annual Increases. The Property is 10,058 SF on 1.67 Acres of Land and is Situated at an Excellent Location, Providing a Great Investment Opportunity.

Highlights
  • 1% Annual Rent Increases Through the Base Term of the Lease
  • MarketPlace Grill Was Recently Acquired By Clean Plate Restaurants, Inc., a Boutique Private Equity Company Investing in Independent and Small Chain Restaurants With Top Tier Sales Productivity and Profitability Nationwide
  • Excellent Demographics of Over 48,463 Residents With an Average Household Income of $70,248 Within a 3-Mile Radius
  • Situated Along 48th St, Which Intersects at Sunset Ave – a Strong Retail and Lodging Corridor Providing Over 37,000 VPD
  • Located Next to the Northwest Arkansas Convention Center, Holiday Inn, Hampton Inn, Residence Inn and Home2 Suites by Hilton – Providing Ample Foot Traffic
  • Minutes From I-49 Running South Into Fayetteville, AR and North Into Bentonville
  • Springdale is the Fourth Largest City In Arkansas and is Home to the Annual Rodeo of the Ozarks Held Each July at One of the Top 5 Largest Outdoor Rodeos In the U.S.
  • Nearby Tenants Include: Hobby Lobby, Cracker Barrel, Denny’s, Lowe’s, Office Depot, Walmart Neighborhood Market, Walgreens, Goodwill, Bank of America, Planet Fitness, Waffle House, Starbucks and Sam’s Club
Documents

Location
Gallery