3373 N College Ave - Retail FOR SALE


Fayetteville, AR 72703- Greater Fayetteville
$2,948,000 USD
972-755-5205
3373 N College Ave, Fayetteville, AR for Sale
$2,948,000 USD
Retail - FOR SALE
1/3
null | 4.75% Cap Rate

3373 N College Ave
Fayetteville, AR 72703
Greater Fayetteville


HIGHLIGHTS

  • New Development Chase Bank – 15-Year Corporate Ground Lease with 10 Percent Rental Escalations Every Five Years
  • Four Miles to the University of Arkansas, the State’s Largest University (More Than 27,000 Students)
  • Excellent Access and Visibility on North College Ave, Where Traffic Counts Exceed 30,929 VPD
  • Next to College Marketplace (Whole Foods Market, CAVA, Chipotle) in Uptown Fayetteville
  • More Than 136,728 Resident and 186,793 Employees (Five-Mile Radius)
  • JPMorgan’s Recently Committed to Expanding its Branch Network with Plans to Open 500 Branches in the Next 3 Years

OVERVIEW

Marcus & Millichap is pleased to present the opportunity to acquire a ground lease Chase Bank in Fayetteville, AR. The property consists of a 3,300-square-foot, freestanding building that sits on approximately 0.79 acres of land. There are 15.3 years remaining on the lease with 10% rental increases every 5 years.

FOR SALE DETAILS

PRICE

$2,948,000 USD

PRICE/SF

$893 USD /SF

CAP RATE

4.75%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

Chase

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.79 AC

LAND SF

34,412 SF

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Vincent KnippKnipp Wolf Net Lease Group | Marcus & MillichapMore Info
972-755-5205

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Vincent KnippKnipp Wolf Net Lease Group | Marcus & MillichapMore Info
972-755-5205

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