RARE CORP. PANERA w/ D-THRU @ UNI OF ARKANSAS 1634 W Mlk Jr Blvd

1634 W Mlk Jr Blvd , Fayetteville, Arkansas, 72701 | 2,730 sq.f | $ 3,684,211

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About This Restaurant

Investment Highlights

15 Year Absolute Net Lease (Zero Landlord Responsibilities) Featuring 10% Rental Increases Every 5 Years throughout the Initial Term and Options. JAB Holding (Panera Bread?s Parent Company) owns some of the Most Famous Chains in the World and has a Net Worth of Approximately $26.9 Billion. Immediate Area Experiencing Major Growth: Fayetteville has been Ranked Among the Nation?s Fastest-Growing Places in the Most Recent Years. Directly Across from University of Arkansas - the Largest University in the State w/ 32k+ Students Enrolled. In Close Proximity to Numerous other Schools, including Fayetteville High (2,535+ Students), providing for an Increased Potential Customer Base. Site is located within the Opportunity Zone - An Investment Program that Offers Tax Incentives through a Qualified Opportunity Fund.

Executive Summary

Rare Corporate Panera Bread w/ Drive Thru @ University of Arkansas | 15 Year Absolute Net Lease | 2024 Renovation | Densely Populated Area | Within Area?s Major Retail & Traffic Corridor | Hard Corner | Immediate Area Experiencing Major Growth - Fayetteville is one of Fastest-Growing Cities in the United States | Opportunity ZoneArkansas Broker of Record: Anne Williams | 5100 Poplar Ave., Ste. 2505, Memphis, TN 38137 | P: (901) 620-3622 | Lic #: PB00066390 | Anne.Williams@MarcusMillichap.com

Property Details

  • Sale Type    Investment NNN
  • Property Type    Retail
  • Property Subtype    Freestanding Freestanding General Retail Fast Food General Retail Restaurant General Retail Storefront Freestanding
  • Building Size    2,730
  • Year Built    2011
  • Price    3,684,211
  • Price Per SF    1,350
  • Cap Rate    4.75
  • NOI    175,000
  • Tenancy    Single
  • Building Height    1 Story
  • Building FAR    0.07
  • Land Acres    0.85 AC
  • Opportunity Zone    Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Nearby Amenities & Transportation

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Retail Walmart Neighborhood Market
Retail Bank of America
Retail Chase
Date Created: 2024-07-16 04:09:19 Last Updated: 2024-07-16 04:09:19
Address: 1634 W Mlk Jr Blvd , Fayetteville, Arkansas, 72701