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2407 N College Avenue, Fayetteville, AR

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DetailMap
2407 N College Avenue

Fayetteville, AR 72703 - Greater Fayetteville Submarket


Property Type:Retail Sub Type:Auto Repair Status:Existing Year Built:1959
Building Size:8,868 SF Land Area:.4 AC (17,424 SF)
% Leased:
For Sale Price:$635,000 Price/SF:$71.61
Cap Rate:-
Smallest Space:8,868 SF Largest Space:8,868 SF Total Space Avail:8,868 SF Rent/SF/Yr:
$7.00
Parking:Free Surface spaces are available; Ratio of 1.98/1,000 SF


Space Available:
Floor
SF Avail
Rent
Occupancy
Lease Term
Space Use
 1st
8,868 SF
$7.00/SF/Yr
Vacant
Negotiable
Retail
 
10118847
Space Notes Space Notes  


Floor
SF Avail
Rent/SF/Yr
Occupancy
Lease Term
Space Use
1st
8,868 SF
$7.00/SF/Yr
Vacant
Negotiable
Retail
This 8868 square foot, stand-alone block building has great exposure, visibility and access to over 30,000 cars a day on College Avenue. The block sign tower on top of the building can be seen from a great distance. The property is zoned C2 and is bordered on the rear by North Villa Blvd. As you probably know, it is blocked on the south end, making it perfect for deliveries and extra parking. The survey and building layout are attached. Before Daisy Exchange leased it, there was a Day Spa in the building, so there are still some whirlpool baths and fancy bath/locker rooms in the building. All of those rooms you see on the side were put in by the Spa people and Daisy Exchange uses them for storage of different types of inventory. It’s a clear-span roof so all, or some of them can be removed or reconfigured. Daisy Exchange has been there for 6 years and is on their first option to extend of a three year triple net lease. If you don’t know, a triple net lease means the tenant is responsible for the maintenance, property taxes and property insurance. The benefit of this is the rent is a lot cheaper. Lease terms and types are negotiable. Daisy Exchange’s lease term ends 3/31/16. So in theory, it should be available by April 1st. Daisy Exchange have been excellent tenants and have out-grown the space by leveraging their great business model with this terrific location. Their lease rate hasn’t changed in six years and if you make a 3 year or longer commitment, I’ll give it to you for the same amount. Painting and several upgrades are planned for this year. They’re annual rent is $54,000 plus a tax accrual of $4,800 (last year). This comes to about $4,900 per month. An outright sale or lease with option to buy, is also possible. Property appraised for $590,000 in 2013. Painting and several upgrades are planned for this year.
Experience the same success Daisy Exchange has realized using the exposure this fantastic location will give you. Like them, you won’t need to spend advertising dollars. Need more information? Please email or give me a call.

Sale Notes:
2407 North College Avenue in Fayetteville Arkansas. Available April 1, 2016. This 8868 square foot, stand-alone block building has great exposure, visibility and access to over 30,000 cars a day on College Avenue. The block sign tower on top of the building can be seen from a great distance. Under three miles to the University Campus, this location is in a vibrant and growing area of Fayetteville. A clear span building, that can be completely re-configured, currently has trendy, high ceilings with open space on one side and multiple offices on the other. It is bordered on the rear by North Villa Blvd which is blocked on the south end, making it perfect for deliveries and extra parking. The current 6 year retail tenant has out-grown the space by leveraging their great business model with this great location. Zoned C2, with negotiable lease or sale terms. Build your business with the exposure this fantastic location will give you.
This 8868 square foot, stand-alone block building has great exposure, visibility and access to over 30,000 cars a day on College Avenue. Under three miles to the University Campus, this location is in a vibrant and growing area of Fayetteville.

Karl Kohler
Karl Kohler
(501) 223-3309


Karl Kohler
Karl Kohler
(501) 223-3309



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