901 E Broadway St - Retail FOR SALE


North Little Rock, AR 72114
$1,100,000 USD
310-909-5485
901 E Broadway St, North Little Rock, AR for Sale
$1,100,000 USD
Retail - FOR SALE
1/7
null | 7.5% Cap Rate

901 E Broadway St
North Little Rock, AR 72114


HIGHLIGHTS

  • FORMER TACO BELL DRIVE-THRU FOR SALE OR LEASE
  • Current Tenant has Operated here for 20 Years and Will Not be Continuing their Lease Creating a Great Opportunity for Investors or Owner-Users
  • Below Market Rent w/ Short Term Lease: Current Tenant is Paying Approximately 38% Below Market Rent and has Less than 3 Months Remaining
  • ProForma 7.5% Return: Assuming Conservative Capital Improvements Investors can Achieve Attractive Returns at Market Rent.
  • Attractive Owner-User Opportunity: Operators can Obtain Attractive SBA Financing with as Little at 10% Down Payment ($109,933)
  • Dynamic Market & Strong Demographics: Little Rock has Growing Population. This site has over 147,000 population in a 5-Mile Radius with $52,800 HHI

OVERVIEW

The Ovaness-Rostamian Group of Marcus & Millichap is pleased to present an opportunity to purchase a former drive-thru Taco Bell with significant potential for investors or owner-users. The current tenant has successfully operated at this location for 20 years but will not be continuing their lease, creating a prime opportunity for new ownership. The tenant is currently paying approximately 38% below market rent and has less than three months remaining on the current lease term. This short-term lease presents a unique chance for investors to capitalize on proforma returns of 7.5% by implementing conservative capital improvements and leasing at market rates. Owner-user operators can also take advantage of attractive SBA financing options, requiring as little as a 10% down payment (approximately $109,933), enabling the benefits of ownership over renting. The market in Little Rock, AR, is dynamic and thriving, boasting a vibrant economy and an expanding population. This environment is ideal for Freddy’s Frozen Custard & Steakburgers to tap into the rising consumer demand for quality dining options. Additionally, the city is prioritizing the enhancement of its road infrastructure through the Master Street Plan, which aims to modernize and beautify many of its older roads. The site benefits from strong demographics, with a population of over 147,000 and more than 119,000 employees within a 5-mile radius. The median household income in this area is $52,800, supporting a solid customer base for future tenants.

FOR SALE DETAILS

PRICE

$1,100,000 USD

PRICE/SF

$501 USD /SF

CAP RATE

7.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Vacant Drive-Thru - Former Taco Bell

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Fast Food, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1999

SPRINKLERS

-

PARKING SPACES

28

LAND DETAILS

LAND ACRES

0.62 AC

LAND SF

27,007 SF

ZONING

Commercial

APN/PARCEL ID

33N-308-00-098-02

ASK ABOUT THIS PROPERTY

Blake RobinsonMarcus & MillichapMore Info
310-909-5485

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Blake RobinsonMarcus & MillichapMore Info
310-909-5485

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