Freestanding Wendy's
New
For Sale
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1902 MARTIN LUTHER KING BLVD MALVERN AR 72104-2203, Malvern, AR 72104
Renovated quick-service restaurant with an NNN lease, signalized access, and a Walmart Supercenter outparcel position.
Property Size3,466 SF
Lot Size0.82 Acres
Price / SF$653.60
Days on Market5
Property Features for 1902 MARTIN LUTHER KING BLVD MALVERN AR 72104-2203
General Information
Standard status
Active
Size
3,466 SF
Lot size
0.82 Acres
Property subtype
Retail
Occupancy
100%
Net Operating Income
$147,250
Site & Location
Drive-Thru
Yes
Traffic Count
20,072 vehicles/day
Highway Access
Yes
Road Access
Yes
Additional Details
Cap Rate
6.5%
Building Details
Year Built
2005
Year Renovated
2024
Buildings
1
Tenancy
Single
Listing Agency:
Marcus & Millichap - Los Angeles
Listed By:
Jason Fefer · License #CA 02100489
(310) 909-5500
Source:
Crexi
Added: Sep 8
Changed: Sep 11
Last Checked: Sep 12 at 4:44AM
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 Marcus & Millichap - Los Angeles
Investment Insights
Based on property information with market context.
Freestanding Wendy's drive-through restaurant positioned on a Walmart Supercenter outparcel at 1902 Martin Luther King Boulevard. The ±3,466-square-foot building was constructed in 2005 and renovated in 2024. An NNN lease runs through February 2041 with approximately 15 years remaining, zero landlord responsibilities, and three five-year renewal options. The lease includes 1.5% annual rent increases and carries a 6.50% cap rate.
The property fronts Martin Luther King Boulevard at its signalized intersection with Long Street, with approximately 20,072 VPD along the frontage. Interstate 30 is immediately north and carries approximately 50,312 VPD. Walmart Supercenter, Burger King, Popeyes, AT&T, Domino's, and Verizon surround the site. The property is supported by a 5-mile trade area of 28,555 residents and Arkansas State University Three Rivers, which reports more than 2,000 students.
The property fronts Martin Luther King Boulevard at its signalized intersection with Long Street, with approximately 20,072 VPD along the frontage. Interstate 30 is immediately north and carries approximately 50,312 VPD. Walmart Supercenter, Burger King, Popeyes, AT&T, Domino's, and Verizon surround the site. The property is supported by a 5-mile trade area of 28,555 residents and Arkansas State University Three Rivers, which reports more than 2,000 students.
Key Highlights
- ±3,466‑square‑foot Wendy's restaurant built in 2005 and renovated in 2024
- NNN lease with approximately 15 years remaining through February 2041
- Three (3) five‑year renewal options with zero landlord responsibilities
Property Analytics
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Current Use
Lease Details
20,072 VPD
Traffic count
100%
Occupancy
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
274
Businesses Nearby
Explore this area
Business Placement
Demographics for 72104, AR
23,456
Population
9,771
Households
2.4
Avg Household Size
41
Median Age
15%
College-Educated
88%
High-School Grad
326.5 sq mi
ZIP Area
72
Density / Sq Mi
$51,492
Median Household Income
$33,672
Median Earnings
$768
Median Rent
$117,300
Median Home Value
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Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Drive through restaurant - Renovated quick-service restaurant with an NNN lease, signalized access, and a Walmart Supercenter outparcel position.
Where is this drive through restaurant located?
The property is located at 1902 MARTIN LUTHER KING BLVD MALVERN AR 72104-2203 Malvern, AR.
What is the asking price?
The asking price for this property is $2,265,385.
What are key features of this property?
This property features: ±3,466‑square‑foot Wendy's restaurant built in 2005 and renovated in 2024; NNN lease with approximately 15 years remaining through February 2041; Three (3) five‑year renewal options with zero landlord responsibilities
