About This Restaurant
Investment Highlights
Net Lease | Recently Constructed Investment Grade Tenant Limited Competition Hot Springs, AR MSA
Executive Summary
The CBRE Net Lease Property Group is pleased to offer for sale the 2,540-square-foot Starbucks Coffee situated on 0.93 acres in Malvern, Arkansas ? part of the larger Hot Springs, AR MSA (MSA Population: 100,004). Recently constructed, Starbucks? 10-year net lease is expected to commence in June 2024 and will feature 7.5% rent increases in year 6 and in each of the four, 5-year renewal options. This Malvern location will be the first freestanding Starbucks along I-30 for those traveling from Texarkana (99 miles southwest) towards Little Rock. The store will enjoy limited competition as the nearest freestanding Starbucks are in Hot Springs (18 miles northwest) and Benton (20 miles northeast).
Property Details
- Sale Type Investment
- Property Type Retail Retail General Retail Fast Food General Retail Freestanding Retail
- Building Size 2,540
- Year Built 2024
- Price 2,838,533
- Price Per SF 1,118
- Cap Rate 6
- NOI 170,312
- Tenancy Single
- Building Height 1 Story
- Building FAR 0.06
- Land Acres 0.93 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.
Property Taxes
| Parcel Number | 700-05884-001 | Improvements Assessment | $27,050 |
| Land Assessment | $41,855 | Total Assessment | $68,905 |
| Date Created: | 2024-07-16 04:09:19 | Last Updated: | 2024-07-16 04:09:19 |
| Address: | 2031 Oliver Lancaster Boulevard blvd , Malvern, Arkansas, 72104 | ||