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5701 Olive St Pine Bluff, AR 71603

Sponsored
For Sale
$7,113,000

Arkansas NNN Retail Property

Property size:
4,947 SF

Description

Added:
Dec 11, 2024
Days on Market:
392
This exceptional investment opportunity presents a fee-simple ownership of a brand-new, 4,947 square foot Chick-fil-A restaurant in Pine Bluff, Arkansas. Built in 2023, this property boasts a 100% occupancy rate with a 15-year absolute NNN lease featuring 13 five-year renewal options. The lease includes 10% rental increases every five years, ensuring consistent income growth and inflation protection. The property's strategic location at the signalized intersection of South Olive Street and Interstate 530, with over 43,000 vehicles per day, and proximity to State Highway 530 (5,300 VPD), ensures high visibility and accessibility. The site benefits from a strong retail corridor with nearby national tenants such as Walmart, Hibbett Sports, and Dollar General, creating synergistic traffic. Its proximity to Jefferson Regional Hospital (290 beds) further enhances its appeal. The property includes 73 parking spaces and sits on a 3.24-acre lot. The current Net Operating Income (NOI) is $320,065, representing a 4.50% cap rate on the $7,113,000 asking price. The property features a drive-thru, a modern design, and is zoned for general commercial use. The 5-mile trade area boasts over 33,000 residents and 22,000 daytime employees, with average household incomes exceeding $70,000 within a 1-mile radius. This is a truly passive investment opportunity with zero landlord responsibilities, backed by a corporate guarantee from Chick-fil-A, Inc. The property is scheduled to open in November 2023.

Property Features for 5701 Olive St

General Information

Property type
Restaurants
Square Feet
4,947 SF
Lot Size
141,134 SF

Building Details

Year Built
2023

HighLights

  • Brand new Chick‑fil‑A with a 15‑year NNN lease, including 10% rental increases every five years, and corporate guarantee.
  • Fee‑simple ownership with zero landlord responsibilities.
  • 4,947 SF building, drive‑thru, located on a 3.24‑acre lot with 73 parking spaces; November 2023 opening. Strong retail location near Walmart, Hibbett Sports, and Dollar General.
  • High‑traffic intersection (43,000+ VPD) near Jefferson Regional Hospital (290 beds).
  • Strong demographics: 33,000+ residents and 22,000 daytime employees within a 5‑mile radius; average household income exceeding $70,000 within 1 mile.
Property Profile Location Intelligence

Current Use by Public Records

Chick Fil a Fast Food Restaurant

Suggested Use

Restaurant Realty agency Spa & Massage Dental Office Auto Repair Shop Hair Salon Clothing Store Nail Salon Hotel & Motel Auto Parts Store

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

Location Insight

  • Map
  • Local Demand
City
Pine Bluff
County
Jefferson
State
Arkansas
Longitude
-92.0055169
Latitude
34.168834

FAQs

What type of property is this?
Restaurant - Arkansas NNN Retail Property
Where is this restaurant located?
The property is located at 5701 Olive St Pine Bluff, AR.
What is the asking price?
The asking price for this property is $7,113,000.
What are key features of this property?
This property features: Brand new Chick-fil-A with a 15-year NNN lease, including 10% rental increases every five years, and corporate guarantee.; Fee-simple ownership with zero landlord responsibilities.; 4,947 SF building, drive-thru, located on a 3.24-acre lot with 73 parking spaces; November 2023 opening. Strong retail location near Walmart, Hibbett Sports, and Dollar General.
More about this property
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