2200 Main St Russellville, AR 72802-5364
- Drive through restaurants
- 2,792 SF
- 1.03 lot acres
Sep 28, 2020
Current Use by Public Records
- Pope County Farmers Market / Farmers' Market
- Slim Chickens / Family Restaurant / Fast Food Restaurant
Property Details for 2200 Main St
- Lot size
- 1.03 lot acres
- Property size
- 2,792 SF
- Property type
- Drive through restaurants
- APN
- 859-36001-000C
- APU
- 85936001000C
Description
This exceptional investment opportunity features a 2,600 square foot Slim Chickens restaurant located at 2200 E Main St, Russellville, AR 72802. The property sits on a 1.03-acre lot and benefits from an absolute NNN lease with 10.5 years remaining on the initial 15.1-year term, plus two 5-year options. The lease includes 10% rental escalations every five years, providing consistent income growth. The property boasts a 6.15% cap rate and a strong net operating income (NOI) of $170,500. This high-visibility location on Main Street enjoys significant daily traffic and is conveniently situated minutes from Arkansas Tech University, serving a student population exceeding 10,000. The tenant, Dixie Chickens, LLC, is the largest Slim Chickens franchisee, operating multiple locations and demonstrating strong operational expertise. This passive investment offers a compelling combination of secure income, growth potential, and a prime location in a diverse and growing Arkansas economy. The property is currently 100% occupied.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $665,000
- ML approach
- $715,000
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- Russellville
- County
- Pope
- State
- Arkansas
- Longitude
- -93.1083
- Latitude
- 35.2778
- CBSA code
- 40780
- CBSA name
- RUSSELLVILLE, AR MICROPOLITAN STATISTICAL AREA
