3683 E Race Ave - Fast Food FOR SALE


Searcy, AR 72143
$3,750,000 USD
415-852-5177
3683 E Race Ave, Searcy, AR for Sale
$3,750,000 USD
Fast Food - FOR SALE
1/6
null | 4% Cap Rate

3683 E Race Ave
Searcy, AR 72143


HIGHLIGHTS

  • 15-year absolute NNN lease with Chick-fil-A, a leading QSR brand with 2,800+ locations, ensuring reliable income
  • 10% rent escalations every five years through the initial term and options, driving long-term cash flow growth for investors
  • Tenant covers all taxes, insurance, and maintenance, including roof and structure, delivering a fully passive investment
  • Chick-fil-A’s unmatched brand loyalty fuels high customer traffic, with frequent visits from 33.9% of adults living within 5 miles of the site

OVERVIEW

Positioned as a Walmart and Lowe’s outparcel on E Race Ave, the site captures 28,000 daily vehicles in Searcy’s retail hub. Adjacent retailers like Harp’s Food Stores and Tractor Supply Co. drive consistent consumer traffic. Its central location ensures long-term value stability for investors. Chick-fil-A is responsible for all property expenses, including taxes, insurance, and maintenance of roof and structure. The 15year lease with four 5-year options offers up to 35 years of income security. Chick-fil-A attracts 33.9% of adults within 5 miles (7,648 visitors in 6 months), reflecting strong local patronage. Proximity to retail anchors enhances visibility and accessibility. Searcy’s limited QSR options amplify Chick-fil-A’s market dominance. Renovated in 2024, the restaurant features Chick-fil-A’s latest prototype with dual drive-thru lanes for efficiency. The 1.18-acre parcel supports ample parking and smooth traffic flow. Recent upgrades minimize near-term capital costs for investors. The 5-mile radius population of 28,718 is projected to remain steady through 2029, with a median household income of $50,915 rising to $55,481. The area’s family-oriented demographic, with 2.4 average household size, aligns with Chick-fil-A’s core customer base. Searcy’s economic stability supports sustained dining demand. Near I-57 (28,000 AADT) and E Race Ave, the site offers multiple access points. Located 1 mile from Harding University, with 4,600+ students, it ensures year-round traffic. Proximity to White County Medical Center, with 200 beds and approximately 600 employees, further boosts customer flow.

FOR SALE DETAILS

PRICE

$3,750,000 USD

PRICE/SF

$500 USD /SF

CAP RATE

4%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Chick-fil-a

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2010

SPRINKLERS

-

PARKING SPACES

58

LAND DETAILS

LAND ACRES

1.18 AC

LAND SF

51,268 SF

ZONING

-

APN/PARCEL ID

016-01873-302

ASK ABOUT THIS PROPERTY

Michael YurasCushman & WakefieldMore Info
415-852-5177

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Michael YurasCushman & WakefieldMore Info
415-852-5177

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