4306 Phoenix Ave - Restaurant FOR SALE


Fort Smith, AR 72903- Fort Smith Eastside
$5,542,000 USD
949-506-2009
4306 Phoenix Ave, Fort Smith, AR for Sale
$5,542,000 USD
Restaurant - FOR SALE
1/6
null | 7% Cap Rate

4306 Phoenix Ave
Fort Smith, AR 72903
Fort Smith Eastside


HIGHLIGHTS

  • 10 Years Remaining | Scheduled Rental Increases | Rapidly Growing Brand
  • Absolute NNN | Fee Simple Ownership | Zero Landlord ResponsibilitiesAbsolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Dense Retail Corridor | Fort Smith Pavilion (289,000+ SF) | Strong National/Credit Tenant Presence | Southside High School
  • Located Along Phoenix Ave | Interstate 540 | Excellent Visibility
  • Strong Demographics in 5-Mile Trade Area | Six-Figure Incomes

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, Walk On’s investment property located in Fort Smith, Arkansas. The tenant has approximately 10 years remaining on their initial lease with 4 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor. With nearly 80 restaurants in the U.S., Walk-On’s is accelerating its nationwide expansion – ranked #1 by Entrepreneur for Top New Franchise and consistently ranking in Top 500 lists for Restaurant Business, Entrepreneur, Franchise Times, and Nation’s Restaurant News.

FOR SALE DETAILS

PRICE

$5,542,000 USD

PRICE/SF

$536 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Walk-On's | 10yrs NNN | #2 Sports Bar in US

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2021

SPRINKLERS

-

PARKING SPACES

101

LAND DETAILS

LAND ACRES

1.97 AC

LAND SF

85,813 SF

ZONING

General Commercial

APN/PARCEL ID

15442-0001-00000-00

ASK ABOUT THIS PROPERTY

Calvin ShortSRS National Net LeaseMore Info
949-506-2009

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Calvin ShortSRS National Net LeaseMore Info
949-506-2009

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