5701 Olive St Pine Bluff, AR 71603

Property Details for 5701 Olive St

Lot size

3.72 lot acres

Property size

5,220 SF

Property type

Drive through restaurants

APN

931-79445-003

APU

93179445003

Description

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.

Location Insight

City

Pine Bluff

County

Jefferson

State

Arkansas

Longitude

-92.0055

Latitude

34.1697

CBSA code

38220

CBSA name

PINE BLUFF, AR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments