3097 Main St Russellville, AR 72802
Property profile & analytics
Location Intelligence
Current Use by Public Records
- Retail properties & Spaces
Property Details for 3097 Main St
- Year built
- 1996
- Lot size
- 0.67 lot acres
- Property size
- 2,550 SF
- Property type
- Retail properties & Spaces
- Property subtype
- Restaurants
Description
This exceptional investment opportunity presents a 2,550 square foot Hardee's restaurant located at 3097 East Main Street, Russellville, Arkansas, 72802. The property boasts a brand new 20-year absolute triple-net (NNN) lease with zero landlord responsibilities, commencing upon closing. The lease includes a built-in inflation hedge with 10% rent increases every five years, providing a secure and predictable income stream. The tenant, a seasoned franchisee with a proven track record, operates 32 Hardee's and 6 7 Brew Coffee locations, further strengthening the investment's stability through a substantial personal guarantee. The restaurant features a newly constructed drive-thru, completed in 2024, and enjoys a prime location on a 0.67-acre corner lot with dual access from Highway 331 and East Main Street, experiencing combined traffic exceeding 43,000 vehicles per day. This high-visibility site is strategically positioned as an outparcel to a Hobby Lobby-anchored strip center, surrounded by major retailers including JCPenney, Dollar Tree, Shoe Carnival, T.J. Maxx, Ross Dress for Less, AT&T, and PetSmart. The property benefits from strong retail synergy with a newly opened Chipotle next door. Russellville's robust market is further enhanced by its proximity to Arkansas Tech University, the state's third-largest institution of higher learning, with over 12,000 students. The property's strong sales history exceeds $1.55 million annually, contributing to a 5.77% cap rate and a net operating income (NOI) of $150,000. The lease includes four 5-year renewal options. This is a rare opportunity to acquire a high-performing, low-maintenance investment with significant long-term growth potential. The asking price is $2,600,000, representing a price per square foot of $1,019.61. The building was originally constructed in 1996 and underwent renovations in 2024. 100% occupancy is currently maintained.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Russellville
- County
- Pope
- State
- Arkansas
- Longitude
- -93.0942
- Latitude
- 35.2779
