Drive-Through Restaurant
For Sale
$490,000
1207 N Church, Atkins, AR 72823
Commercial building with a dedicated vehicle queue, service window, and surface parking for restaurant operations.
Property Size3,439 SF
Price / SF$142.48
Days on Market16
Property Features for 1207 N Church
General Information
Standard status
Active
Size
3,439 SF
Property subtype
CommercialSale
Site & Location
Drive-Thru
Yes
Highway Access
Yes
Road Access
Yes
Listing Agency:
Lets Talk Real Estate
(479) 567-3281
Listed By:
Rebecca Burdine
(479) 567-3281
Source:
Connectrealtynwa
Added: Aug 16
Changed: Aug 29
Last Checked: Aug 30 at 5:33PM
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 Lets Talk Real Estate
Investment Insights
Based on property information with market context.
This commercial building is configured for drive-through restaurant use, with a dedicated queuing lane and service window already in place. The property includes more than 30 surface parking spaces and is described as structurally suited for renovation. The prior use was a nationally recognized fast-food concept, although no tenant name is provided.
The site fronts N Church and Main Street, identified as a primary thoroughfare, and is near residential and commercial areas. Access to Interstate 40 is available through on- and off-ramps at Exit 94. The existing building and drive-through components support a restaurant redevelopment or rebranding plan without adding unsupported assumptions about permitted uses or future operations.
The site fronts N Church and Main Street, identified as a primary thoroughfare, and is near residential and commercial areas. Access to Interstate 40 is available through on- and off-ramps at Exit 94. The existing building and drive-through components support a restaurant redevelopment or rebranding plan without adding unsupported assumptions about permitted uses or future operations.
Key Highlights
- Dedicated drive‑through queuing lane and service window
- More than 30 dedicated surface parking spaces
- Located on Main Street, identified as a primary thoroughfare
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$31,221
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.37%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$624,420
$624.4K
Cap Rate 7%
$446,014
$446.0K
Cap Rate 9%
$346,900
$346.9K
Market Conditions
NOI Build-Up for 3,439 SF
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.
Gross rent
$44.6K $12.96/SF
− Vacancy
−$2.9K −$0.86/SF
EGI
$41.6K $12.10/SF
− OpEx
−$10.4K −$3.03/SF
NOI
$31.2K $9.08/SF
Area
Pope County, AR
Vacancy
6.60%
Lease Rate
$12.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$624,420
Cap Rate 7%
$446,014
Cap Rate 9%
$346,900
Alternative Uses
Best Use
Specialty Retail
$446.0K
$390.3K – $520.4K
NOI $31,221 @ 7.0% cap · market cap 6.37%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$549.5K
$480.8K – $641.0K
NOI $38,462 @ 7.0% cap · market cap 7.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
157
Businesses Nearby
53k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 58%
Dining 42%
Casey's General Store
Shops & Services
24,452 visits/mo
0.2 miles
McDonald's
Dining
12,629 visits/mo
0.1 miles
SONIC Drive In
Dining
7,541 visits/mo
0.1 miles
Dollar General
Shops & Services
6,482 visits/mo
0.2 miles
Pizza Pro
Dining
1,827 visits/mo
0.4 miles
Demographics for 72823, AR
6,404
Population
2,792
Households
2.3
Avg Household Size
42
Median Age
16%
College-Educated
91%
High-School Grad
126.6 sq mi
ZIP Area
51
Density / Sq Mi
$66,711
Median Household Income
$45,322
Median Earnings
$894
Median Rent
$140,900
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Drive through restaurant - Commercial building with a dedicated vehicle queue, service window, and surface parking for restaurant operations.
Where is this drive through restaurant located?
The property is located at 1207 N Church Atkins, AR.
What is the asking price?
The asking price for this property is $490,000.
What are key features of this property?
This property features: Dedicated drive‑through queuing lane and service window; More than 30 dedicated surface parking spaces; Located on Main Street, identified as a primary thoroughfare
