Drive-Through Restaurant with Kitchen
3023 HWY 367, Austin, AR 72007
For Sale
$275,000
Equipped restaurant with drive-through service, dine-in seating, kitchen and prep areas, and three restrooms.
Property Size1,656 SF
Lot Size0.52 Acres
Price / SF$166.06
Days on Market22
Property Features for 3023 HWY 367
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Site & Location
Drive-Thru
Traffic Count
Highway Access
Road Access
Utilities to Site
Additional Details
Equipment Included
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
Edge Realty
Listed By:
Jesse Jeffers · License #3593717
(501) 743-5444
Source:
Dillrealestate
Added: Oct 18
Changed: Nov 4
Last Checked: Nov 7 at 7:46AM
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 Edge Realty
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Investment Insights
Based on property information with market context.
A 2014 drive-through restaurant on a 0.52-acre commercial lot, configured with a kitchen and prep area, walk-in coolers and freezers, dine-in seating, an office, and three restrooms. The drive-through includes a service window, menu post, and intercom. All equipment and items on the property convey, including cooking equipment, refrigerated prep stations, an ice machine, a soda dispenser, worktables, and a fire suppression system. The building has single- and three-phase power and 21 parking spaces.
The property fronts AR 367 N, where the listing reports 6,700+ VPD. It is next to a Dollar General and lies between Cabot Exit 21 and Austin Exit 22.
The property fronts AR 367 N, where the listing reports 6,700+ VPD. It is next to a Dollar General and lies between Cabot Exit 21 and Austin Exit 22.
Key Highlights
- Drive‑through window with menu post and intercom system
- All equipment and items on the property convey, including kitchen and food‑service equipment
- 0.52‑acre commercial lot with 21 parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,894
Cap Rate
7.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$397,880
$397.9K
Cap Rate 7%
$284,200
$284.2K
Cap Rate 9%
$221,044
$221.0K
Market Conditions
NOI Build-Up for 1,656 SF
Gross rent
$28.2K $17.04/SF
− Vacancy
−$1.7K −$1.02/SF
EGI
$26.5K $16.02/SF
− OpEx
−$6.6K −$4.00/SF
NOI
$19.9K $12.01/SF
Area
Lonoke County, AR
Vacancy
6.00%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$397,880
Cap Rate 7%
$284,200
Cap Rate 9%
$221,044
Alternative Uses
Best Use
Specialty Retail
$284.2K
$248.7K – $331.6K
NOI $19,894 @ 7.0% cap · market cap 7.23%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$337.2K
$295.0K – $393.4K
NOI $23,602 @ 7.0% cap · market cap 8.58%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
6,700 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
71
Businesses Nearby
Explore this area
Business Placement
Demographics for 72007, AR
9,792
Population
3,799
Households
2.6
Avg Household Size
35
Median Age
27%
College-Educated
88%
High-School Grad
45.9 sq mi
ZIP Area
213
Density / Sq Mi
$79,550
Median Household Income
$46,980
Median Earnings
$1,193
Median Rent
$220,000
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
Frequently Asked Questions
What type of property is this?
Drive through restaurant - Equipped restaurant with drive-through service, dine-in seating, kitchen and prep areas, and three restrooms.
Where is this drive through restaurant located?
The property is located at 3023 HWY 367 Austin, AR.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Drive‑through window with menu post and intercom system; All equipment and items on the property convey, including kitchen and food‑service equipment; 0.52‑acre commercial lot with 21 parking spaces
