3615 N Steele Blvd - Bar FOR SALE


Fayetteville, AR 72703
$8,250,000 USD
310-261-8428
3615 N Steele Blvd, Fayetteville, AR for Sale
$8,250,000 USD
Bar - FOR SALE
1/38
null | 7% Cap Rate

3615 N Steele Blvd
Fayetteville, AR 72703


HIGHLIGHTS

  • NNN QSR in Fayetteville, AR
  • Corporate Lease: Originally 10 years, now 16 years remaining with two 10-year options
  • New Construction: Built in 2016, expanded in 2021-22 by an additional 40%
  • PE-Backed Nationwide Tenant: SAVELIVE
  • 5% Escalations: Every 5 years
  • Prime Location: Includes a restaurant, craft brewery, chain headquarters, and event room

OVERVIEW

1031 Exchange - New! National Tenant NNN Newer Construction Class A Retail Thriving Live Event STNL Venue | For Sale DWG Capital Group is thrilled to present an exceptional opportunity to invest in SAVELIVE, a newly constructed STNL Class A Retail property, featuring a NNN National Tenant in the thriving tri-city Fayetteville, Arkansas—the proud home of the Razorbacks (University of Arkansas). This high-volume, thriving Class A Quick Service Restaurant (QSR) combines a live concert venue, restaurant, brewery, and headquarters into a single dynamic space. Priced competitively at $8,250,000, this property stands out in the market with a 7% cap rate, making it an attractive option for discerning investors seeking reliable returns. About The Tenant SAVELIVE benefits from a 20-year corporately guaranteed absolute NNN lease, with 16 years remaining, backed by a robust tenant with a proven track record across eight additional essential locations. This level of security is increasingly rare in today's market, offering peace of mind and stable income for years to come. The lease features 5% escalations every five years, ensuring a steady increase in returns. Asking price: $8,250,000 7% cap rate 20-year NNN lease NOI: $577,600 per year Price per SF: $331 per SF $1.93 per SF/month rental rate Lease Term: Originally a 20-year lease with 16 years remaining, including two 10-year renewal options. The first two years were spent expanding 40% of the building with brand-new demand driven construction. Property Features: + Constructed in 2016, expanded in 2021 + 10,000+ sq ft live venue + Popular local and regional attraction + Hosted major artists and events Strategic Location: Situated at 3615 N. Steele St, Fayetteville, AR 72704, SAVELIVE is not just a property; it’s a destination. The building spans 24,925 square feet and is thoughtfully designed to include a restaurant, brewery, headquarters, and concert venue. Originally constructed in 2016 and expanded in 2021, this architecturally striking two-story establishment is positioned perfectly on 3.26 acres of prime real estate. The site enjoys high visibility and foot traffic, enhancing its appeal as a premier investment. Thriving Urban Market: Part of the fast-growing Fayetteville/Bentonville/Rodgers NW Arkansas MSA Home to major employers such as Walmart, JB Hunt, Tyson Chicken, and the University of Arkansas Ranked 18th in BusinessWeek's list of 25 best affordable suburbs in the American South (2007) Ranked 24th in Forbes' list of best cities for business and careers (2016)

FOR SALE DETAILS

PRICE

$8,250,000 USD

PRICE/SF

$317 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

16+ Yr STNL Nat Tenant NNN Lease | Retail

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bar

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2016

SPRINKLERS

-

PARKING SPACES

190

LAND DETAILS

LAND ACRES

3.26 AC

LAND SF

142,006 SF

ZONING

C-1

APN/PARCEL ID

765-22235-000

ASK ABOUT THIS PROPERTY

Judd DunningDWG CAPITAL GROUP ( Formerly NGKF/ARA)More Info
310-261-8428

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Judd DunningDWG CAPITAL GROUP ( Formerly NGKF/ARA)More Info
310-261-8428

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