Freestanding Drive-Through
10623 W Markham St Little Rock, AR 72211
For Sale
Contact for pricing
Freestanding 3,397 SF drive-thru restaurant on a 1.2-acre parcel with 54 parking spaces and pylon signage.
Property Size3,397 SF
Lot Size1.20 Acres
Price / SF$301.74
Days on Market195
Property Features for 10623 W Markham St
General Information
Standard status
Active
Size
3,397 SF
Lot size
1.20 Acres
Property subtype
RETAIL
Listing Agency:
Hathaway Group
(501) 951-1812
Listed By:
Jamie McLarty · License #SA000782
(501) 951-1812
Source:
Moodyscre
Added: Jan 15
Changed: Jul 26
Last Checked: Jul 29 at 3:08PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Hathaway Group
Investment Insights
Based on property information with market context.
This freestanding drive-through restaurant includes 3,397 SF of building area on a 1.2-acre parcel. The site provides 54 parking spaces and is supported by pylon signage, including signage on I-430 and on Markham St.
The property offers convenient access and visibility to I-430. Wendy’s is currently operating at the location, and the seller requests that the business not be disturbed.
Please note that the listing reflects a stabilized, operating use at the property.
The property offers convenient access and visibility to I-430. Wendy’s is currently operating at the location, and the seller requests that the business not be disturbed.
Please note that the listing reflects a stabilized, operating use at the property.
Key Highlights
- 3,397 SF freestanding drive‑thru restaurant building
- 1.2‑acre parcel with 54 parking spaces
- Drive‑thru site with pylon signs on I‑430 and on Markham St
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $57.9k | $17.04 |
| − Vacancy | −$3.5k | −$1.02 |
| EGI | $54.4k | $16.02 |
| − OpEx | −$13.6k | −$4.00 |
| NOI | $40.8k | $12.01 |
3,397 SF · lease $17.04/SF/yr · vacancy 6.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$583.0K
$510.1K – $680.2K
NOI $40,809 @ 7.0% cap · market cap 3.98%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$617.1K
$540.0K – $720.0K
NOI $43,197 @ 7.0% cap · market cap 4.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Drive through restaurant - Freestanding 3,397 SF drive-thru restaurant on a 1.2-acre parcel with 54 parking spaces and pylon signage.
Where is this drive through restaurant located?
The property is located at 10623 W Markham St Little Rock, AR.
What is the asking price?
The asking price for this property is $1,025,000.
What are key features of this property?
This property features: 3,397 SF freestanding drive‑thru restaurant building; 1.2‑acre parcel with 54 parking spaces; Drive‑thru site with pylon signs on I‑430 and on Markham St
