3615 N Steele Blvd - Bar FOR SALE


Fayetteville, AR 72703- Greater Fayetteville
$8,078,000 USD
310-261-8428
3615 N Steele Blvd, Fayetteville, AR for Sale
$8,078,000 USD
Bar - FOR SALE
1/25
null | 7.5% 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

OZARK MUSIC HALL | FAYETTEVILLE, AR DWG Capital Group presents the opportunity to acquire Ozark Music Hall, a Class A, purpose-built experiential entertainment venue in Fayetteville, Arkansas. The 24,925 SF asset is offered at $8,078,000, representing a 7.50% cap rate on $605,850 NOI. The property is secured by a long-term Absolute NNN lease with minimal landlord responsibilities and an initial term extending through 2041. Current base rent is $50,487.50/month, following the contractual escalation already in effect. Originally built in 2016 and substantially expanded in 2021, the venue has effectively doubled through recent construction and capital investment, creating a high-quality, high-barrier-to-entry entertainment asset. Investment Highlights Purchase Price: $8,078,000 Cap Rate: 7.50% NOI: $605,850 Building Size: 24,925 SF Price/SF: $324.09 Lease: Absolute NNN Term: Through 2041 Corporate Credit Support: Lease backed by Save Live, LLC Experienced Operators: National live-event and festival background High Utilization: 200+ concerts and events annually National Acts: Consistent top-tier music and entertainment programming Regional Draw: Northwest Arkansas, Southwest Missouri and Eastern Oklahoma Recent Expansion: 10,000+ SF enclosed concert hall added in 2021 Class A Buildout: Professional stage, LED wall, premium sound, VIP mezzanine, full kitchen/bar Capacity: 2,500+ standing / up to 900 seated Location Located at 3615 N. Steele Boulevard, the property benefits from direct access to the broader Fayetteville, Springdale, Rogers/Bentonville corridor, with proximity to the University of Arkansas, Whole Foods, major employment centers, Class A multifamily and institutional retail. Investment Summary: This is high-barrier-to-entry social and entertainment infrastructure in one of the strongest growth markets in the central U.S., combining 7.50% current yield, long-duration Absolute NNN income, corporate credit support, national-act programming, heavy recent capital investment and strong regional demand.

FOR SALE DETAILS

PRICE

$8,078,000 USD

PRICE/SF

$324 USD /SF

CAP RATE

7.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Class A Retail 15yr NNN National Tenant

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bar

ADD'L SUBTYPES

Freestanding

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.