Drive-Through Restaurant
For Sale
$490,000
1207 N Church, Atkins, AR 72823
CommercialSale, Atkins, AR
Property Size3,439 SF
Lot Size0.93 Acres
Price / SF$142.48
Days on Market319
Property Features for 1207 N Church
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Lot features
Corner Lot, City Lot
Directions
Take I-40 Exit 94, Atkins, AR. On the westbound side, at the STOP sign, you will be looking at the property. From the eastbound side, turn right (heading North), the property sits on the left, over the overpass. From Hwy 64 westbound, turn right, Eastbound Hwy 64, turn left, onto Church Street, and go approximately 1 mile, and the property is on the left just over the overpass.
Standard status
Active
APN
725-00461-000C
Size
3,439 SF
Lot size
0.93 Acres
Taxes and HOA fees
Tax Description
17-07N-18W
Legal Description
17-07N-18W
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1995
Floors in Building
1
Flooring type
Tile
Listing Agency:
Lets Talk Real Estate
Listed By:
Rebecca Burdine · License #PB00075804
(479) 567-3281
Added: Oct 29, 2025
Changed: Sep 12
Last Checked: Sep 12 at 3:06PM
MLS# 1327087
Copyright © 2026 ArkansasONE MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
The property is a 3,439-square-foot restaurant building constructed in 1995 on a 0.93-acre parcel. The existing layout includes a drive-through lane and service window, along with 30+ surface parking spaces. Tile flooring, central heating, central air, public water, and public sewer are in place. The building was formerly occupied by a nationally recognized fast-food concept and is positioned for renovation or rebranding.
Located at 1207 N Church in Atkins, the property fronts Main Street, the primary thoroughfare, and sits near residential and commercial areas. Interstate 40 access is available via Exit 94, providing convenient on- and off-ramp connectivity. The site offers an established restaurant configuration for an owner-operator or developer pursuing a renewed quick-service or fast-casual use.
Located at 1207 N Church in Atkins, the property fronts Main Street, the primary thoroughfare, and sits near residential and commercial areas. Interstate 40 access is available via Exit 94, providing convenient on- and off-ramp connectivity. The site offers an established restaurant configuration for an owner-operator or developer pursuing a renewed quick-service or fast-casual use.
Key Highlights
- 3,439‑square‑foot restaurant building on 0.93 acres
- Existing drive‑through lane with dedicated service window
- 30+ dedicated surface parking spaces
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
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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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 - Freestanding restaurant property with an existing drive-through lane, service window, surface parking, and public utilities.
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: 3,439‑square‑foot restaurant building on 0.93 acres; Existing drive‑through lane with dedicated service window; 30+ dedicated surface parking spaces
