Franklin Street is pleased to present this Starbucks location in Van Buren, Arkansas. Van Buren is a northern suburb of Fort Smith and part of the Fort Smith MSA, which boasts a population of over 230,000. Fort Smith is the third most populous city within the state of Arkansas, and it situated along the Arkansas River and on the Arkansas-Oklahoma border. The Fort Smith MSA is home to a strong economy, with the GDP the fourth highest in the state. Founded in 1971 and headquartered in Seattle, Washington, Starbucks is the perennial power in fast-casual coffee chains across the globe, making up over a 28% market share relative to its competitors. Starbucks has over 40,000 locations across 80 countries, and continues to find new ways to bring its coffee to its consumers. New CEO Brian Niccol is also focused on making the coffeehouse experience more holistic and enjoyable for its customers. He plans on slashing 30% of the current menu and reintroducing customer favorites such as ceramic mugs, condiment bars including mike and sugar, and handwritten notes to further personalize each Starbucks visit. Starbucks continues to be strong financially, with a reported 2024 revenue of over $36 billion.
This location is a Lowe's outparcel situated fronting Fayetteville Road, which sees 29,000 VPD. This Starbucks also has the advantage of sitting only .5 miles from I-40, which connects the Fort Smith MSA to Oklahoma City in the West and Little Rock in the East. The location is a part of a dense retail corridor, with neighboring tenants including Aldi, Walmart Supercenter, Firehouse Subs, Tractor Supply Co., McDonald's, CVS, AutoZone, Arby's, Zaxby's, and several other national tenants.