401 E Harrell Dr - Restaurant FOR SALE


Russellville, AR 72802
$3,520,062 USD
818-601-4595
401 E Harrell Dr, Russellville, AR for Sale
$3,520,062 USD
Restaurant - FOR SALE
1/4
null | 6.5% Cap Rate

401 E Harrell Dr
Russellville, AR 72802


HIGHLIGHTS

  • 20-Year Absolute NNN lease with 10% rent increases every 5 years; Proven location with direct visibility to Interstate 40
  • Newly renovated, co-branded Applebee’s/IHOP site; Tenant has invested approximately $2 million in site improvements
  • Close proximity to Arkansas Tech University - 9,000+ students; Strong household population base with 36,000+ people within a 5-mile radius
  • Primary exit retail cluster for Arkansas Tech University with surrounding commercial activity, hotels and national tenants attracting consumers
  • Applebee’s: National casual dining leader with 1,600+ locations across the U.S.; IHOP: International breakfast chain with 1,700+ locations nationwide
  • 900 co-branded Applebee’s / IHOP locations projected to open

OVERVIEW

Century Partners is pleased to offer a newly renovated, co-branded Applebee’s/IHOP site featuring a 20-year absolute NNN lease with 10% rent increases every five years, where the tenant has invested approximately $2 million in site improvements. Globally, co-branded locations have demonstrated significantly improved operating margins and 1.5 to 2.5 times higher sales by capturing both dayparts. This proven location benefits from direct visibility to Interstate 40 and boasts nearly 20 years of operational history under an operator with over 30 years of experience. The asset is further supported by approximately 80 parking spaces, providing strong customer access and consistent traffic.

FOR SALE DETAILS

PRICE

$3,520,062 USD

PRICE/SF

$642 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Applebee’s & IHOP Restaurant

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2007

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.8 AC

LAND SF

121,968 SF

ZONING

Commercial

APN/PARCEL ID

868-50111-003C

ASK ABOUT THIS PROPERTY

Matt KramerCentury Partners Real Estate Inc.More Info
818-601-4595

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Matt KramerCentury Partners Real Estate Inc.More Info
818-601-4595

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