2031 Oliver Lancaster Blvd Malvern, AR 72104
- Retail properties
- 2,540 SF
- 0.93 lot acres
Current Use by Public Records
- Starbucks / Internet Cafe / Breakfast Restaurant
Property Details for 2031 Oliver Lancaster Blvd
- Year built
- 2024
- Lot size
- 0.93 lot acres
- Property size
- 2,540 SF
- Property type
- Retail properties
Description
This exceptional investment opportunity presents a brand-new, 2,540-square-foot Starbucks located at 2031 Oliver Lancaster Blvd, Malvern, AR 72104, within the Hot Springs MSA. Boasting a 10-year net lease commencing May 27, 2024, and featuring approximately 9.5 years remaining, this property offers significant long-term value. The lease includes four, five-year renewal options with a 7.5% rent increase in 2029 and each subsequent option period. The property sits on a 0.93-acre lot with 34 parking spaces and benefits from excellent visibility and access along Oliver Lancaster Boulevard (20,000 VPD) and Interstate 30 (44,000 VPD), enhanced by a prominent 75-foot pylon sign. This strategically located Starbucks is the first freestanding location along I-30 between Texarkana and Little Rock, enjoying limited competition. The property's strong financial performance is reflected in its $2,792,000 asking price, $1,099.21 price per square foot, and a 6.10% cap rate, generating a net operating income (NOI) of $170,312. The surrounding area features a robust retail environment, including major national brands and a high concentration of retail and industrial space within a 5-mile radius. This is a rare opportunity to acquire a high-performing, net-leased Starbucks in a prime location with significant growth potential. The building was constructed in 2024.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Malvern
- County
- Hot Spring
- State
- Arkansas
- Longitude
- -92.8287
- Latitude
- 34.3884
