3615 Steele BlvdFayetteville, AR 72704

Property Details for 3615 Steele Blvd

Year built

2016

Lot size

2.24 AC

Property size (Sq ft)

26,047 SF

Zone code

C-1

Property type

Sports & entertainment properties

Property subtype

Theaters & concert halls

APN

765-22235-000

APU

76522235000

Description

This exceptional investment opportunity presents a 24,925 square foot, Class A retail/mixed-use property located at 3615 N Steele Blvd, Fayetteville, AR 72704. The property, built in 2016 and renovated in 2021, features a single tenant, SaveLive, under a 20-year NNN lease with 16.2 years remaining, commencing January 19, 2021, and expiring January 19, 2041. The lease includes two 10-year renewal options and features a 5% rent increase every five years. SaveLive operates a high-volume restaurant, brewery, live concert venue, and headquarters within this dynamic space. The property boasts a 7.00% cap rate and a net operating income (NOI) of $577,600 annually, with an asking price of $8,250,000 ($330.99 per square foot). Situated on a 3.26-acre lot, the property includes 190 parking spaces and is zoned C-1. Its prime location in a thriving college town, near major retailers such as Target and Kohl's, Whole Foods Market, and a new bank, ensures high visibility and foot traffic. Easy access to I-49 and I-79 provides convenient access to the entire Fayetteville/Bentonville/Rogers area. The two-story building is a popular local and regional attraction, hosting major artists and events. This is a superior 1031 exchange opportunity.

• Alternative Use

  Use

  Valuation

  Residential

  $2,598,924

  Hospitality

  $2,380,600

  Educational

  $1,980,631

  Medical

  $2,048,748

  Retail

  $3,080,982

Location Insight

City

Fayetteville

County

Washington

State

Arkansas

Latitude

36.1172

Longitude

-94.1576

CBSA code

22220

CBSA name

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

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at support@realmo.com and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at support@realmo.com.