1500 College AveFayetteville, AR 72703

Property Details for 1500 College Ave

Year built

2005

Property size (Sq ft)

3,226 SF

Property type

Retail properties

Property subtype

Turn key restaurants

APN

765-28591-000

APU

76528591000

Description

This exceptional investment opportunity presents a 3,063 square foot Einstein Bros. Bagels located at 1500 N College Ave, Fayetteville, AR, 72703. The property sits on a 0.06-acre lot and is currently operating at 100% occupancy. The building, constructed in 2010, is subject to a Net Lease (NN) agreement with a franchisee tenant. The lease commenced November 15, 2010, and has a remaining term of 14.6 years, expiring July 1, 2039. The current annual net operating income (NOI) is $85,620, representing a 5.75% cap rate on the asking price of $1,488,939 ($486.10 per square foot). The lease includes a 15-year extension beginning July 1st, 2024, with a 10% rent increase every five years, and two additional five-year tenant renewal options. This location is ranked #4 nationally among 336 Einstein Bros. Bagels locations according to Placer.AI, and #1 in Arkansas. This is a rare opportunity to acquire a high-performing, nationally ranked QSR with a long-term, secure lease. The property offers significant upside potential due to the built-in rent escalations and the tenant's strong commitment to the location.

• CAP approach

  CAP return

  Valuation

  6%

  $413,388

  6.5%

  $381,589

  7%

  $354,333

• Comparable approach

  Method

  Valuation

  Relative Method

  $581,505

  Geo Method

  $581,505

• Alternative Use

  Use

  Valuation

  Residential

  $321,885

  Hospitality

  $294,845

  Educational

  $245,307

  Medical

  $253,744

  Retail

  $381,589

Location Insight

City

Fayetteville

County

Washington

State

Arkansas

Latitude

36.082

Longitude

-94.1561

CBSA code

22220

CBSA name

FAYETTEVILLE-SPRINGDALE-ROGERS, AR-MO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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