955 S Amity Rd - Restaurant FOR SALE


Conway, AR 72032
$6,802,000 USD
949-506-2009
955 S Amity Rd, Conway, AR for Sale
$6,802,000 USD
Restaurant - FOR SALE
1/6
null | 6.75% Cap Rate

955 S Amity Rd
Conway, AR 72032


HIGHLIGHTS

  • Long-term lease | 12+ years remaining on the absolute NNN lease with one of the fastest growing restaurant concepts in the country
  • Rare, 2% annual increases throughout the initial term and options | 7.54% Avg CAP at List Price
  • Full-term, personal guarantee from the principal operator who currently has 10 units open and operating | See broker for details on net worth
  • Excellent access and visibility from Dave Ward Dr which sees ±37,200 VPD
  • One block from the $130MM, 52-acre Maly District development | Includes a 57k SF entertainment center, 108-room Marriott, and Sherwin-Williams
  • Industry-leading average unit volume of nearly $5MM across 80+ restaurants | 75+ locations in some phase of planning or development

OVERVIEW

PROPERTY HIGHLIGHTS • Long-term lease | 12+ years remaining on the absolute NNN lease with one of the fastest growing restaurant concepts in the country • Rare, 2% annual increases throughout the initial term and options • Attractive, average yield of 7.54% over the remaining base lease term • Full-term, personal guarantee from the principal operator who currently has 10 units open and operating | See broker for details on net worth • Adjacent to a new construction Starbucks • Excellent access and visibility from Dave Ward Dr which sees ±37,200 VPD • Highly-improved, 2020 construction building and one of Walk-On’s newest prototype designs with roll up windows for an indoor/outdoor dining experience | Tenant recently added a $400,000 outdoor patio which includes a retractable roof, which has driven up sales • Frontage and visibility at a 4-way intersection directly across from Lewis Crossing Shopping Center | Sam’s Club, Academy Sports, Ross, ALDI, and ULTA-anchored retail center • Direct access to I-40 which is a main north/south thoroughfare connecting Conway to downtown Little Rock that sees ±68,000 VPD • One block from the $130MM, 52-acre Maly District development | Currently includes a 57k SF entertainment center, 108-room Marriott hotel, and Sherwin-Willliams | Planned to eventually include at least 480 apartment units, a 172,500+ SF event center, and additional retail shopping and restaurants | Click here for more info • ¾ of a mile from Baptist Health Medical Center - Conway | 260,000 SF facility with 111 beds and 8 operating rooms • Less than 1.5 miles from Conway Commons | Conway’s largest shopping center | 80-acres and 406,000 SF of retail | Anchored by Home Depot, Target, Kohl’s, DICK’S, Belk, TJ Maxx & HomeGoods, and Best Buy • 2.5 miles from University of Central Arkansas | 10,869 students enrolled • Industry-leading average unit volume of nearly $5MM across 80+ restaurants | 75+ locations in some phase of planning or development across 15 states • Over 2MM SF of industrial within ¼ mile of the subject property and proximity to a mix of car dealerships such as Honda, Toyota, Chevrolet, Chrysler/Jeep/Dodge, Kia and GMC/Buick

FOR SALE DETAILS

PRICE

$6,802,000 USD

PRICE/SF

$810 USD /SF

CAP RATE

6.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Walk-Ons | Strong Sales | Superb Location

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Fast Food, Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2020

SPRINKLERS

-

PARKING SPACES

105

LAND DETAILS

LAND ACRES

1.9 AC

LAND SF

82,764 SF

ZONING

C-3

APN/PARCEL ID

711-07682-009

ASK ABOUT THIS PROPERTY

Calvin ShortBerkeley Capital AdvisorsMore Info
949-506-2009

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

Calvin ShortBerkeley Capital AdvisorsMore Info
949-506-2009

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