4104 Central AveHot Springs, AR 71913

Property Details for 4104 Central Ave

Year built

2006

Lot size

1.65 AC

Property size (Sq ft)

7,116 SF

Property type

Retail properties

Property subtype

Turn key restaurants

APN

400-09830-002-000

APU

40009830002000

Description

This exceptional investment opportunity presents a 6,549 square foot, single-story retail center in Hot Springs, Arkansas, boasting a 5.75% cap rate and a strong NOI of $328,400. The property, built in 2006 and renovated in 2024, sits on a 1.5-acre lot at 4104 Central Ave, a high-traffic area with over 32,000 vehicles passing daily, and is situated across from a Walmart Supercenter. The center is 100% occupied by a Chipotle Mexican Grill and a Whataburger franchisee (a 15-unit operator), both secured by corporate guarantees and featuring new 15-year leases with built-in rent bumps. This prime location benefits from being in a dense retail corridor with over 100 national retailers nearby. The property's strong tenant mix, coupled with the financial strength of its tenants and the favorable lease terms, makes it an attractive investment opportunity. The building's recent renovation ensures long-term value and operational efficiency. Hot Springs' thriving economy, recognized as a top small place for business and careers, further enhances the property's investment potential. The asking price is $5,712,000, translating to $872.19 per square foot.

• CAP approach

  CAP return

  Valuation

  6%

  $911,863

  6.5%

  $841,720

  7%

  $781,597

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,282,699

  Geo Method

  $1,282,699

• Alternative Use

  Use

  Valuation

  Residential

  $710,022

  Hospitality

  $650,376

  Educational

  $541,105

  Medical

  $559,715

  Retail

  $841,720

Location Insight

City

Hot Springs

County

Garland

State

Arkansas

Latitude

34.4544

Longitude

-93.0661

CBSA code

26300

CBSA name

HOT SPRINGS, AR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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