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    3615 Steele Blvd Fayetteville, AR 72704

    For Sale
    $8,250,000

    Class A, NNN-leased, high-return property.

    Property size:
    24,925 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional investment opportunity presents a 24,925 square foot, Class A retail/mixed-use property located at 3615 N Steele Blvd, Fayetteville, AR 72704. The property, built in 2016 and renovated in 2021, features a single tenant, SaveLive, under a 20-year NNN lease with 16.2 years remaining, commencing January 19, 2021, and expiring January 19, 2041. The lease includes two 10-year renewal options and features a 5% rent increase every five years. SaveLive operates a high-volume restaurant, brewery, live concert venue, and headquarters within this dynamic space. The property boasts a 7.00% cap rate and a net operating income (NOI) of $577,600 annually, with an asking price of $8,250,000 ($330.99 per square foot). Situated on a 3.26-acre lot, the property includes 190 parking spaces and is zoned C-1. Its prime location in a thriving college town, near major retailers such as Target and Kohl's, Whole Foods Market, and a new bank, ensures high visibility and foot traffic. Easy access to I-49 and I-79 provides convenient access to the entire Fayetteville/Bentonville/Rogers area. The two-story building is a popular local and regional attraction, hosting major artists and events. This is a superior 1031 exchange opportunity.

    Property Features for 3615 Steele Blvd

    General Information

    Property type
    Individual retail properties
    Square Feet
    24,925 SF
    Class
    A
    Lot Size
    142,006 SF

    Building Details

    Year Built/Renovated
    2016/2021
    Buildings
    1
    Stories
    2

    HighLights

    • $8,250,000 asking price.
    • 7% capitalization rate.
    • 20‑year triple‑net (NNN) lease.
    • $577,600 annual net operating income (NOI).
    • $331 per square foot sale price.
    • $1.93 per square foot monthly rental rate.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    PB&JJ's Sports Complex JJ's Live Live Music Venue

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Fayetteville
    County
    Washington
    State
    Arkansas
    Longitude
    -94.1567645
    Latitude
    36.11726186

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    FAQs

    What type of property is this?
    Individual retail property - Class A, NNN-leased, high-return property.
    Where is this individual retail property located?
    The property is located at 3615 Steele Blvd Fayetteville, AR.
    What is the asking price?
    The asking price for this property is $8,250,000.
    What are key features of this property?
    This property features: $8,250,000 asking price.; 7% capitalization rate.; 20-year triple-net (NNN) lease.
    Request Owner's contact information
    3615 Steele Blvd Fayetteville, AR 72704
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3615 Steele Blvd Fayetteville, AR 72704
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