2885 Prince St - Fast Food FOR SALE


Conway, AR 72034- Downtown Conway
$3,672,000 USD
415-481-0788
2885 Prince St, Conway, AR for Sale
$3,672,000 USD
Fast Food - FOR SALE
1/6
null | 5% Cap Rate

2885 Prince St
Conway, AR 72034
Downtown Conway


HIGHLIGHTS

  • New corporate 15-year absolute NNN Lease to Chipotle Mexican Grill, a strong investment grade tenant
  • 10% rental increases every five (5) years in initial term and option periods, providing a passive long term income generator
  • No landlord management, an ideal opportunity for passive investors
  • Chipotle is the only restaurant company of its size that owns and operates all its restaurants
  • Chipotle is ranked on the Fortune 500 and is recognized on the 2024 list for Fortune’s Most Admired Companies

OVERVIEW

Prime corner location at the intersection of Prince St and Salem Rd, offering high visibility and easy access for daily commuters. Strong traffic exposure, with thousands of vehicles passing through one of Conway’s busiest intersections each day. Proximity to the University of Central Arkansas, with nearly 10,000 students, faculty, and staff providing a steady customer base. Surrounded by major retailers including Walmart, Kroger, and Target, driving additional traffic to the area » Located in a growing commercial corridor, attracting both local residents and regional visitors for dining and shopping. Easy access to Interstate 40, connecting the property to Little Rock and nearby markets

FOR SALE DETAILS

PRICE

$3,672,000 USD

PRICE/SF

$1,425 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Chipotle

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2003

SPRINKLERS

-

PARKING SPACES

21

LAND DETAILS

LAND ACRES

0.78 AC

LAND SF

33,977 SF

ZONING

O-2

APN/PARCEL ID

710-07578-000

ASK ABOUT THIS PROPERTY

Michael YurasCushman & WakefieldMore Info
415-481-0788

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Michael YurasCushman & WakefieldMore Info
415-481-0788

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