1401 Main StMagnolia, AR 71753

Property Details for 1401 Main St

Year built

2010

Lot size

0.90 AC

Property size (Sq ft)

2,962 SF

Property type

Drive through restaurants

APN

01-03603-00000

APU

10360300000

Description

This exceptional 2,538-square-foot retail space, located at 1401 E Main Street in Magnolia, Arkansas, presents a unique opportunity for businesses seeking high visibility and established infrastructure. Previously operating as a quick-service restaurant, this single-tenant building boasts a convenient drive-thru, ensuring ease of access for customers. The property benefits from significant daily traffic exposure, with approximately 10,000 vehicles passing by daily. Ample parking is available for patrons and employees. Built in 2007, the one-story building is situated on a single lot in Columbia County and offers a turnkey solution for a variety of businesses. The property is available for sublease, offering a long-term lease opportunity extending until May 31, 2037, providing stability and predictability for future operations. The sublease rate is negotiable, making this an attractive proposition for prospective tenants. This location is ideal for food service operators or other businesses seeking a high-traffic, easily accessible location in a steadily growing area of Magnolia. The existing infrastructure minimizes upfront investment, allowing businesses to focus on operations and growth. Contact us today to learn more about this exceptional opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $691,961

  6.5%

  $638,734

  7%

  $593,110

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,091,731

  Geo Method

  $533,917

• Alternative Use

  Use

  Valuation

  Residential

  $538,796

  Hospitality

  $493,534

  Educational

  $410,614

  Medical

  $424,736

  Retail

  $638,734

Location Insight

City

Magnolia

County

Columbia

State

Arkansas

Latitude

33.2666

Longitude

-93.2224

CBSA code

31620

CBSA name

MAGNOLIA, AR MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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