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530 N 47th Street - Scottsdale Center - Logan's Roadhouse, Rogers, AR

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530 N 47th Street - Scottsdale Center - Logan's Roadhouse

Rogers, AR 72756 - Greater Rogers Submarket

Property Type:Retail Sub Type:Restaurant Status:Existing , Renov 2006 Year Built:1998
Building Size:9,994 SF Land Area:1.89 AC (82,328 SF)
For Sale Price:$3,575,000 Price/SF:$357.71
Cap Rate:6.75 %
Parking:Free Surface spaces are available; Ratio of 10/1,000 SF
Features:Freeway Visibility

Sale Notes:
Marcus & Millichap, as exclusive advisor, is pleased to present the opportunity to acquire an Absolute Triple Net Leased Logan' s Roadhouse ( The Property ) located in Roger' s, Arkansas. The Property, originally built in 1998 is 9,994 SF, situated on 1.89 acres of land was fully renovated in 2006. The Property is located within a dense retail trade corridor just South of the busy intersection of Interstate 49 and West Olive and benefits from impressive street frontage, with 262 feet facing West along 47th Street. The Property is Shadow-Anchored by Lowe' s Home Improvement and Scottsdale Center a regional powercenter host to national tenants such as Belk, Ross Dress for Less, Kohl' s, Barnes & Noble, Petco, Staples in addition to a large suite of successful restaraunt and retail tenants. The Property also enjoys the close proximity to three major hotels all within one quarter mile.
Rogers and Lowell offer access, low cost of living, a strong customer base, an enviable quality of life and an international playing field all with the feel of a small town. It' s the perfect place to expand, startup or relocate a business. Thanks to the wide variety of career opportunities provided by the headquarters of industry giants Walmart Stores, Inc., Tyson Foods, Inc. and J.B. Hunt Transport, Inc., and their many suppliers, the region is one of the fastest growing areas in the country. Dynamic growth has continued in the region in numerous business sectors, including corporate services/information technology, food-related industries, healthcare, sustainable technologies, transportation and logistics, hospitality, and retail. The opening of the World Trade Center Arkansas in 2007 permanently altered the business landscape in Northwest Arkansas, and the global business leadership of companies such as Walmart, Tyson Foods and J.B. Hunt Transport Services is evident.

Marcus & Millichap Inc
Jason Cropper
(501) 228-9600 x12

Marcus & Millichap Inc
Brett Chetek
(314) 889-2500

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