608 Dickson St Fayetteville, AR 72701
- Retail properties
- 3,194 SF
Current Use by Public Records
- Chase ATM / Atm
- Chase Bank / Atm / Bank
- Amanda Lunsford LMT / Massage Therapist
Property Details for 608 Dickson St
- Property size
- 3,194 SF
- Property type
- Retail properties
- Property subtype
- Banks
Description
Offered for sale is a Class A, 3,194 square foot, freestanding Chase Bank building located at 608 W Dickson St, Fayetteville, AR 72701. This stabilized investment property features a triple-net (NNN) lease with a credit-rated, corporate-guaranteed tenant. The 10-year lease commenced December 6, 2022, and has a remaining term of 8 years, expiring December 6, 2032. The property boasts a 4.05% cap rate and a strong net operating income (NOI) of $111,790. The asking price is $2,760,247, translating to $864.20 per square foot. Built in 2022, the property underwent a complete interior buildout and benefits from 10% rental escalations every five years. This is the first Chase Bank branch in Northwest Arkansas, situated near the University of Arkansas (30,936 students), the Dickson Street entertainment district, Walton Arts Center, and the campus. The location offers excellent visibility on West Dickson Street, a road with 23,000 vehicles per day. The property sits on approximately 0.24 acres of land and enjoys 100% occupancy since its opening date of December 6, 2022. This represents a unique opportunity to acquire a high-performing asset in a rapidly growing market.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Fayetteville
- County
- Washington
- State
- Arkansas
- Longitude
- -94.167
- Latitude
- 36.0668
