4104 Central Ave - Restaurant FOR SALE


Hot Springs National Park, AR 71913
$5,474,000 USD
713-263-3981
4104 Central Ave, Hot Springs National Park, AR for Sale
$5,474,000 USD
Restaurant - FOR SALE
1/6
null | 6% Cap Rate

4104 Central Ave
Hot Springs National Park, AR 71913


HIGHLIGHTS

  • 2006 Construction/2024 Renovation. 6,549+/- SF Building on 1.50+/- Acre Site
  • Located on Central Avenue (32,067+ VPD), Across from Walmart Supercenter
  • Located in a Dense Retail Corridor w/ Strong Occupancy Rate – 100+ National Retailers in Immediate Area
  • Chipotle Mexican Grill, Inc. Is the Largest Fast-Casual Restaurant Chain in the U.S w/ $9.87 B in Revenue
  • Whataburger is One of the Fastest Growing QSR Chains in the U.S. – Seen System Sales Expand in Recent Years to $3.34 B
  • Hot Springs | One of the Top Small Places for Business & Careers in the US (Forbes) | Population: 37,994+

OVERVIEW

New 15-year Leases w/ Scheduled Rent Increases in Primary Terms – Corporate Chipotle Lease & Experienced Multi-Unit Whataburger Franchisee (15 Unit Operator)

FOR SALE DETAILS

PRICE

$5,474,000 USD

PRICE/SF

$836 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Chipotle-Whataburger 2-Tenant Strip

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Fast Food, Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.5 AC

LAND SF

65,340 SF

ZONING

-

APN/PARCEL ID

103777

ASK ABOUT THIS PROPERTY

Edward BentonSecure Net LeaseMore Info
713-263-3981

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

Edward BentonSecure Net LeaseMore Info
713-263-3981

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