Property profile

3097 Main St Russellville, AR 72802

OFF-MARKET
Retail properties & Spaces
2,550 SF 0.67 ac lot Built 1996
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Retail properties & Spaces
Year built 1996
Total area 2,550 SF
Lot 0.67 ac (29,185 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

3097 Main St Russellville, AR 72802
Russellville metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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