3615 N Steele Blvd - Bar FOR SALE


Fayetteville, AR 72703- Greater Fayetteville
$8,655,000 USD
310-261-8428
3615 N Steele Blvd, Fayetteville, AR for Sale
$8,655,000 USD
Bar - FOR SALE
1/25
null | 6.67% Cap Rate

3615 N Steele Blvd
Fayetteville, AR 72703
Greater Fayetteville


HIGHLIGHTS

  • NNN QSR in Fayetteville, AR
  • Corporate Lease: Originally 10 years, now 16 years remaining with two 10-year options
  • New Construction: Built in 2016, expanded in 2021-22 by an additional 40%
  • PE-Backed Nationwide Tenant: GATE 52
  • 5% Escalations: Every 5 years
  • Prime Location: Includes a restaurant, craft brewery, chain headquarters, and event room

OVERVIEW

DWG Capital Group presents the opportunity to acquire Ozark Music Hall, a purpose-built, Class-A experiential entertainment venue located in the heart of Fayetteville, Arkansas — one of the fastest-growing metropolitan areas in the United States. The ±24,925 square foot asset is secured by a long-term Absolute NNN lease structure, delivering predictable, durable income with zero landlord responsibilities. Originally constructed in 2016 and significantly expanded in 2021, the property represents a newly built, high-quality venue positioned at the intersection of retail, entertainment, and hospitality within Northwest Arkansas’ most active commercial corridor. This acquisition aligns with DWG’s strategy of targeting mission-critical, experience-driven real estate in structurally advantaged growth markets. With 14+ years remaining on the initial lease term and contractual rent escalations, the investment offers long-duration cash flow supported by strong demographic growth, institutional retail adjacency, and limited competitive venue supply in the region. Ozark Music Hall is not traditional retail — it is social and entertainment infrastructure embedded in one of America’s most economically resilient secondary markets. Ozark Music Hall is a two-story, architecturally distinctive entertainment facility situated on approximately 3.26 acres at 3615 N Steele Boulevard. The property was purpose-designed as a high-capacity live music venue and expanded in 2021 with the addition of a 10,000+ square foot enclosed concert hall, creating a year- round indoor event destination. The venue features a professional-grade 30’ x 23’ stage, integrated LED video wall, premium sound systems, VIP mezzanine boxes, elevated seating areas, full-service kitchen and bar operations, and flexible indoor/outdoor activation space. With a standing capacity exceeding 2,500 guests and 900-seat configuration capability, the asset functions as a regional entertainment anchor serving Northwest Arkansas, Southwest Missouri, and Eastern Oklahoma. Significant capital has been invested into the structural buildout, mechanical systems, and state-of-the-art audio-visual infrastructure, creating high barriers to entry for competing venues.

FOR SALE DETAILS

PRICE

$8,655,000 USD

PRICE/SF

$347 USD /SF

CAP RATE

6.67%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

16+ Yr STNL Nat Tenant NNN Lease | Retail

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bar

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2016

SPRINKLERS

-

PARKING SPACES

190

LAND DETAILS

LAND ACRES

2.25 AC

LAND SF

98,010 SF

ZONING

C-1

APN/PARCEL ID

765-22235-000

ASK ABOUT THIS PROPERTY

Judd DunningDWG CAPITAL GROUP ( Formerly NGKF/ARA)More Info
310-261-8428

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Judd DunningDWG CAPITAL GROUP ( Formerly NGKF/ARA)More Info
310-261-8428

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