Fayetteville Retail Investment
3615 N Steele Blvd Fayetteville, AR 72704
3615 N Steele Blvd, Fayetteville, AR, 72704
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For Sale
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Class A retail property with national tenant in Fayetteville, Arkansas.
Property Size24,925 SF
Lot Size3.26 Acres
Price / SF$347.24
Days on Market1563
Property Features for 3615 N Steele Blvd
General Information
- Standard status
- Active
- Size
- 24,925 SF
- Lot size
- 3.26 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 2016
Listing agency
DWG Capital Group
(310) 261-8428
Listed by
Judd Dunning · License #CA 01520854
Source
Crexi
Added: Apr 11, 2022 Updated: Jul 10 at 3:43PM Checked: Jul 20 at 4:28AM
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 DWG Capital Group
Investment Insights
Based on property information with market context.
This Class A retail property, formerly known as SAVELIVE, is a newly constructed, single-tenant net lease (STNL) asset located in Fayetteville, Arkansas. The property, known as GATE 52, functions as a high-volume quick-service restaurant (QSR) that combines a live concert venue, restaurant, brewery, and headquarters within a single space. Constructed in 2016 and expanded in 2021, the two-story building spans 24,925 square feet and is situated on 3.26 acres. The property benefits from a 20-year corporately guaranteed absolute net-net-net (NNN) lease with 16 years remaining, featuring 5% escalations every five years. The tenant has a proven track record across eight additional essential locations. Located at 3615 N. Steele St, the property is positioned within a dense retail corridor in Fayetteville, near a newly built Whole Foods Market and adjacent to major retailers like Target and Kohl's, a new bank, and a Walmart Supercenter. It is also near a Class A apartment complex. The location offers high visibility and foot traffic, with easy access to I-49 and I-79, connecting it to the Fayetteville/Bentonville/Rogers area within the Northwest Arkansas Tri-State Metropolitan Statistical Area (MSA).
Key Highlights
- High‑volume Class A retail property featuring a restaurant, brewery, headquarters, and concert venue.
- Corporately guaranteed absolute NNN lease with 16 years remaining and 5% escalations every five years.
- Located in a high‑traffic urban commercial area near major retailers.
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $448.7k | $18.00 |
| − Vacancy | −$29.6k | −$1.19 |
| EGI | $419.0k | $16.81 |
| − OpEx | −$104.8k | −$4.20 |
| NOI | $314.3k | $12.61 |
24,925 SF · lease $18.00/SF/yr · vacancy 6.60% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$4.49M
$3.93M – $5.24M
NOI $314,279 @ 7.0% cap · market cap 3.63%
Second Best
Industrial
$2.08M
$1.82M – $2.43M
NOI $145,722 @ 7.0% cap · market cap 1.68%
Theoretical Best
Office A
$6.69M
$5.85M – $7.81M
NOI $468,319 @ 7.0% cap · market cap 5.41%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
PB&JJ's
Gym & Fitness Center
JJ's Live
Music Venue
Similar For Sale Nearby
Similar Off Market Nearby
- Noodles Italian Kitchen — 3748 Mall Ave, Fayetteville, AR 72703
FAQs
What type of property is this?
Restaurant - Class A retail property with national tenant in Fayetteville, Arkansas.
Where is this restaurant located?
The property is located at 3615 N Steele Blvd Fayetteville, AR.
What is the asking price?
The asking price for this property is $8,655,000.
What are key features of this property?
This property features: High‑volume Class A retail property featuring a restaurant, brewery, headquarters, and concert venue.; Corporately guaranteed absolute NNN lease with 16 years remaining and 5% escalations every five years.; Located in a high‑traffic urban commercial area near major retailers.
