1716 S 46th St - Restaurant FOR SALE


Rogers, AR 72758
$4,081,272 USD
202-361-3050
1716 S 46th St, Rogers, AR for Sale
$4,081,272 USD
Restaurant - FOR SALE
1/5
null | 5.75% Cap Rate

1716 S 46th St
Rogers, AR 72758


HIGHLIGHTS

  • Absolute NNN Lease with Rental Escalations
  • Corporately Guaranteed Lease—Olive garden is a subsidiary of Darden Restaurants, “BBB” S&P Rating
  • Olive Garden is the Largest Italian restaurant chain with over 875 locations
  • Strong Store Sales Reported at Location, Very Healthy Rent-to-Sales Ratio – demonstrating a strong market and location
  • 159,836+ residents within 5 miles, just miles from Walmart's headquarters, and affluent with an average family income of over $129,445
  • Nearby tenants include Home Depot, Target, Walgreens, Starbucks, Best Buy, Red Lobster, Einstein Bros, and others in a dense retail corridor.

OVERVIEW

Triple Net Investment Group is proud to present the Olive Garden located on 1716 S 46th St, Rogers, AR. The Tenant Olive Garden initially signed a 15 year NNN Lease which Commenced on August 2015, leaving over 5 years remaining on the lease. The Olive Garden is situated on 1.84 Acres of land and has a building size of 7,329 Sq ft. This location features strong demographics with an estimate of 134,630 population and 49,311 Household count in a 5 miles radius. Also an Average Household income of $129,455 - in a 1 mile radius. This dense retail corridor has many national tenants such as Home Depot, Target, Walgreens, Starbucks, Best Buy, Red Lobster, Einstein Bros, and many more. In association with Broker of Records Wes Martin Hathaway Group 2100 Riverdale Rd #2100 Little Rock, AR 72202

FOR SALE DETAILS

PRICE

$4,081,272 USD

PRICE/SF

$972 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Corporate Olive Garden

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Fast Food, Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2007

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.84 AC

LAND SF

80,150 SF

ZONING

-

APN/PARCEL ID

02-19284-001

ASK ABOUT THIS PROPERTY

Robert GamzehTriple Net Investment Group Inc.More Info
202-361-3050

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Robert GamzehTriple Net Investment Group Inc.More Info
202-361-3050

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