Freestanding Drive-Through
New
For Sale
$2,000,000
8150 Rogers Ave, Fort Smith, AR 72903
A new 20-year NNN sale-leaseback is scheduled to begin at closing, with four five-year renewal options.
Property Size2,734 SF
Lot Size0.82 Acres
Price / SF$731.53
Days on Market2
Property Features for 8150 Rogers Ave
General Information
Standard status
Active
Size
2,734 SF
Lot size
0.82 Acres
Property subtype
Restaurant
Lease Type
NNN
Financials
Asking Price
$2,000,000
Cap Rate
6%
Site & Location
Drive-Thru
Yes
Traffic Count
23,376 vehicles/day
Highway Access
Yes
Road Access
Yes
Amenities
New 20-Year NNN Sale-Leaseback to Commence at Close of Escrow | Zero Landlord Responsibilities
Scheduled 10% Rent Increases Every 5 Years | Four (4) 5-Year Renewal Options
Tenant: HZ Ops Holdings, Inc. (±190-Unit Entity)
Operated by The Dhanani Group, the Largest Popeyes Franchisee in the U.S. (350+ Popeyes)
Frontage on Rogers Avenue (±23,376 VPD) w/ Access to Interstate 540
Near Walmart Supercenter, Lowe's, ALDI, and Walgreens | New Culver's Under Development Next Door
$99,156 Average Household Income and 27,289 Residents Within 3 Miles
Fort Smith MSA: 234,000+ Residents and a Regional Hub for Western Arkansas and Eastern Oklahoma
Building Details
Building Size
2,734 SF
Year Built
2013
Buildings
1
Listing Agency:
Marcus & Millichap - Los Angeles
Listed By:
Jason Fefer · License #License(s): CA: 02100489
(310) 909-2394
Source:
Marcusmillichap
Added: Oct 19
Last Checked: Oct 19 at 2:32PM
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
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Investment Insights
Based on property information with market context.
This freestanding Popeyes drive-through restaurant contains ±2,734 square feet on ±0.82 acres and was built in 2013. The sale-leaseback is structured as a new 20-year NNN term beginning at closing, with four five-year renewal options. The tenant is HZ Ops Holdings, Inc., a ±190-unit operator, and the store is run by The Dhanani Group, which operates 350+ Popeyes locations. Scheduled rent increases are 10% every five years.
The property fronts Rogers Avenue, where traffic is ±23,376 vehicles per day, and has access to Interstate 540. Nearby businesses include Walmart Supercenter, Lowe’s, ALDI, Walgreens and Burger King. A Culver’s is under development essentially adjacent, at 8450 Rogers Avenue. The three-mile trade area has 27,289 residents and an average household income of $99,156; nearby demand drivers include Mercy Hospital Fort Smith, the University of Arkansas–Fort Smith and Southside High School.
The property fronts Rogers Avenue, where traffic is ±23,376 vehicles per day, and has access to Interstate 540. Nearby businesses include Walmart Supercenter, Lowe’s, ALDI, Walgreens and Burger King. A Culver’s is under development essentially adjacent, at 8450 Rogers Avenue. The three-mile trade area has 27,289 residents and an average household income of $99,156; nearby demand drivers include Mercy Hospital Fort Smith, the University of Arkansas–Fort Smith and Southside High School.
Key Highlights
- ±2,734‑square‑foot Popeyes drive‑through on ±0.82 acres
- Built in 2013
- New 20‑year NNN sale‑leaseback, beginning at closing, with four five‑year renewal options
Property Analytics
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Current Use
Lease Details
23,376 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
759
Businesses Nearby
710k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 37%
Dining 26%
Apparel 18%
Home Improvements & Furnishings 7%
Walmart
Superstores
138,053 visits/mo
0.2 miles
Sam's Club
Superstores
127,619 visits/mo
0.4 miles
T.J. Maxx
Apparel
64,180 visits/mo
0.3 miles
Lowe's
Home Improvements & Furnishings
44,551 visits/mo
0.3 miles
Kohl's
Apparel
37,132 visits/mo
0.5 miles
Demographics for 72903, AR
25,225
Population
12,079
Households
2.1
Avg Household Size
41
Median Age
33%
College-Educated
91%
High-School Grad
16.2 sq mi
ZIP Area
1,557
Density / Sq Mi
$60,186
Median Household Income
$36,560
Median Earnings
$804
Median Rent
$216,200
Median Home Value
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Drive through restaurant - A new 20-year NNN sale-leaseback is scheduled to begin at closing, with four five-year renewal options.
Where is this drive through restaurant located?
The property is located at 8150 Rogers Ave Fort Smith, AR.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: ±2,734‑square‑foot Popeyes drive‑through on ±0.82 acres; Built in 2013; New 20‑year NNN sale‑leaseback, beginning at closing, with four five‑year renewal options
