1902 Martin Luther King Blvd, Malvern, AR 72104

Building Details

Year Built

2005

Listing office Marcus & Millichap - Los Angeles

Listing date Jun 17, 2026

Source Crexi

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Overview

A freestanding Wendy’s drive-thru restaurant totaling 3,466 square feet sits on 0.82 acres. Built in 2005 and renovated in 2024, the property is secured by an NNN lease with approximately 15 years remaining through February 2041, along with three (3) five-year renewal options. The lease provides zero landlord responsibilities, with annual base rent of $147,250 that includes 1.5% annual rent increases compounding throughout the lease term. The location is operated and guaranteed by FourJay, LLC, a 52-unit Wendy’s franchisee.

The site fronts Martin Luther King Boulevard at a signalized intersection with Long Street. It is positioned near Interstate 30 immediately to the north, with reported 20,072 vehicles per day on Martin Luther King Boulevard and 50,312 vehicles per day on I-30. Nearby commercial neighbors include Walmart Supercenter, Burger King, Popeyes, AT&T, Domino’s, and Verizon.

This property is well-suited for buyers seeking a drive-thru restaurant asset with a tenant-guaranteed NNN structure and an established brand. Its placement on a major arterial with surrounding retail and services supports straightforward tenant operations, while the long lease remaining through 2041 and renewal options provide continuity for an incoming owner.

Suggested Use

Restaurant Law Firm Building Supply Spa & Massage Center Big Box & Wholesale Store Hair Salon Auto Repair Shop Hotel & Motel Gym & Fitness Center Pharmacy

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

Location Insight

• Map
• Local Demand

City

Malvern

County

Hot Spring

State

Arkansas

Longitude

-92.82813

Latitude

34.38518

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FAQs

What type of property is this?

Drive through restaurant - Newly renovated Wendy’s drive-thru on a Walmart outparcel with a long-term NNN lease structure.

Where is this drive through restaurant located?

The property is located at 1902 Martin Luther King Blvd Malvern, AR.

What is the asking price?

The asking price for this property is $2,454,167.

What are key features of this property?

This property features: 3,466 SF freestanding Wendy’s drive‑thru built in 2005 and renovated in 2024 on 0.82 acres; NNN lease with approximately 15 years remaining through February 2041 plus three (3) five‑year renewal options; Annual base rent $147,250 with 6.00% cap rate; 1.5% annual rent increases compounding over the lease term