2034 Fayetteville Rd - Restaurant FOR SALE


Van Buren, AR 72956
$1,452,000 USD
404-832-1251
2034 Fayetteville Rd, Van Buren, AR for Sale
$1,452,000 USD
Restaurant - FOR SALE
1/4
null | 5.85% Cap Rate

2034 Fayetteville Rd
Van Buren, AR 72956


HIGHLIGHTS

  • Immediate rental increase with first option beginning in March: 10% increases at each option
  • Premier retail location: Lowe's outparcel situated just off I-40
  • Strong retail presence: Walmart, Aldi, Tractor Supply Co., Firehouse Subs, Arby's, Zaxby's, McDonald's, CVS, AutoZone all neighboring national tenants
  • Visible signage and easy ingress/egress onto Fayetteville Road: 29,000 VPD
  • Corporate backed lease: Starbucks Corp. BBB+ by S&P, Moody's Baa1

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,452,000 USD

PRICE/SF

$646 USD /SF

CAP RATE

5.85%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Starbucks

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.79 AC

LAND SF

34,195 SF

ZONING

C-2

APN/PARCEL ID

700-03643-003-C

ASK ABOUT THIS PROPERTY

Bryan BelkFranklin StreetMore Info
404-832-1251

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Bryan BelkFranklin StreetMore Info
404-832-1251

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.