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    Church's Chicken Investment Opportunity Title is generated by Realmo AI

    1500 South Cherry Street, Pine Bluff, AR 71603

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    Established Church's Chicken property with a new 20-year net lease.

    Type:Retail
    Property size:
    1,200 SF
    Price / SF:
    $1,875/SF
    Added:
    May 26, 2026
    Days on Market:
    10
    Last Refresh:
    May 27 at 8:28 am

    Property Features for 1500 South Cherry Street

    General Information

    Standard status
    Active
    Size
    1,200 SF
    Property subtype
    Retail

    We can help!

    Listing Contact
    Robert Walker

    Listing agent Robert Walker License #CA 01954360

    Listing office The Kase Group

    Listing date May 26, 2026

    Source Crexi

    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 The Kase Group

    HighLights

    • New 20‑year net lease provides stable, predictable income with in‑place NOI of $135,000.
    • Proven Church's Chicken location with over 50 years of operation in the immediate trade area.
    • Favorable lease terms include 7.5% rent increases every five years and four 5‑year renewal options.
    • Strategic location at the intersection of South Cherry Street and West 15th Avenue with high visibility and convenient access.
    • Located in an established commercial corridor with national and local tenants, including Popeyes and Domino's Pizza.
    • Benefit from increased economic activity due to the $350 million Saracen Casino Resort development.

    Overview

    This Church's Chicken property in Pine Bluff, Arkansas, is available for purchase. The property operates under a new 20-year net lease with an in-place net operating income of $135,000, reflecting a 6.00% capitalization rate. The lease incorporates 7.5% rent increases every five years, along with four 5-year renewal options. The location represents a relocation of an existing Church's Chicken that has been operating in the immediate trade area since 1970. Situated at the intersection of South Cherry Street and West 15th Avenue, the property benefits from visibility and accessibility. It is located along a well-trafficked corridor, with East Harding Avenue seeing approximately 8,800 vehicles per day and US Highway 65 handling around 7,100 vehicles daily. The surrounding area includes national and local tenants, such as Popeyes, Domino's Pizza, and The Pines Mall. The market is experiencing economic activity from the $350 million Saracen Casino Resort, which is expected to generate approximately 2,100 jobs. Within a 5-mile radius, the population totals 31,651 residents with an average household income of $58,099. The Go Forward Pine Bluff initiative supports long-term stability and growth in the trade area. The property size is 1,200 square feet.
    Location Intelligence

    Current Use by Public Records

    Drive through restaurants

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Pine Bluff
    County
    Jefferson
    State
    Arkansas
    Longitude
    -92.013563
    Latitude
    34.213706

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    FAQs

    What type of property is this?
    Drive through restaurant - Established Church's Chicken property with a new 20-year net lease.
    Where is this drive through restaurant located?
    The property is located at 1500 South Cherry Street Pine Bluff, AR.
    What is the asking price?
    The asking price for this property is $2,250,000.
    What are key features of this property?
    This property features: New 20‑year net lease provides stable, predictable income with in‑place NOI of $135,000.; Proven Church's Chicken location with over 50 years of operation in the immediate trade area.; Favorable lease terms include 7.5% rent increases every five years and four 5‑year renewal options.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Robert Walker
    Real Estate License ID: CA 01954360
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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    1500 South Cherry Street, Pine Bluff, AR 71603
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