Burger King

  • $1.9M
2325 Dave Ward Drive, Conway, AR 72034, USA

Burger King

2325 Dave Ward Drive, Conway, AR 72034, USA
  • $1.9M

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Title Property Type Price Beds Baths Property Size Availability Date
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Description

Marketing Description
Sands Investment Group is Pleased to Exclusively Offer For Sale the 3,314 SF Burger King Located at 2325 Dave Ward Drive in Conway, AR. This Opportunity Includes a High-Quality Tenant With a Long Term -17 Year Triple Net (NNN) Lease With Zero Landlord Responsibilities. Providing For a Great Investment.

Investment Highlights
Long Term ~17 Year Triple Net (NNN) Lease With Zero Landlord Responsibilities
Flis Enterprises Has Been in Business Since 1979 and Operates 23 Units
Situated at the Corner of Dave Ward Drive (Sees Over 35,200 VPD) and Moix Blvd With Dual Access From Each Road
Excellent Demographics – Population of Over 51,148 Residents Making an Average Household Income of $56,716 Within a 3-Mile Radius
Top Employers in the Area Include: Acxiom, the University of Arkansas, Hewlett Packard and Multiple Technology Start-Up Companies
Adjacent to the University of Central Arkansas, Which Serves Over 11,000 Students and Staff; The University is Most Noted For Programs in Nursing, Education and Physical Therapy
Conway, the 8th Largest City in Arkansas, Serves as a Regional Shopping, Educational, Work, Healthcare and Sports Hub For Faulkner County and Surrounding Areas
Nearby Tenants Include: Andy’s Frozen Custard, Chicken Express, Tacos 4 Life, Steak ‘n Shake, Taco Bell, Starbucks, First Security Bank, Conway Regional Medical Park, Kum & Go, Supercuts and More

Details

Updated on April 5, 2020 at 10:39 pm
  • Property ID: 30430
  • Price: $1.9M
  • Property Size: 3314 sqft
  • Year Built: 2016
  • Property Type: Retail
  • Property Status: For Sale
  • Price Per/Sf: 576.80
  • Lot Size (acres): 1.02
  • Tenancy: Single
  • Cap Rate: 5.65%
  • Net Operating Income: 108,000

Additional details

  • Lease Type: NNN
  • Tenant Credit: Franchisee
  • Lease Term: 16.8 years
  • Lease Commencement: 01/01/2020
  • Lease Expiration: 10/31/2036
  • Remaining Term: 16.6 years
  • Rent Bumps: Yes
  • Lease Options: 4 x 5 Years
  • Address 2325 Dave Ward Drive, Conway, AR 72034, USA
  • City Conway
  • State/county Arkansas
  • Zip/Postal Code 72034
  • Country United States

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What's Nearby?

Education
University of Central Arkansas (0.75 mi)
Good 6 reviews
The Children's Center (1.59 mi)
Exceptional 1 reviews
Missions Barber College (1.72 mi)
Exceptional 2 reviews
Food
Jin Wei (0.03 mi)
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Andy's Frozen Custard (0.03 mi)
Good 14 reviews
Chicken Express (0.03 mi)
Average 17 reviews
Health & Medical
Biomat USA (0.07 mi)
Poor 1 reviews
Central Arkansas Pediatrics (0.13 mi)
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Groovy Smiles Pediatric Dentistry (0.1 mi)
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Real Estate
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Contact Information

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Andrew Ackerman
  • Andrew Ackerman
  • 770.626.0445

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Andrew Ackerman
  • Andrew Ackerman