1120 Mathias Dr Springdale, AR 72762-0707

Property Details for 1120 Mathias Dr

Property type

Commercial real estate

APN

815-30054-242

APU

81530054242

Description

This exceptional investment opportunity presents a brand-new, fee-simple owned Panera Bread restaurant located in Springdale, Arkansas. The property boasts a 15-year absolute triple-net (NNN) lease with a corporate guarantee from Panera Bread, ensuring minimal landlord responsibilities. The 3,200 square foot building, constructed in 2024, features a drive-thru and is situated on a 1.19-acre lot with 44 parking spaces. The lease includes 8% rent increases every five years, providing significant long-term growth potential. The property enjoys a prime location as an outparcel to a Sam's Club, benefiting from high visibility and traffic on Highway 412, averaging 43,000 vehicles daily. The surrounding area includes numerous national retailers, contributing to a strong retail environment. The property's strong financial performance is reflected in its current 100% occupancy, $195,200 net operating income (NOI), and a 5.30% cap rate. The asking price is $3,683,000, translating to $1,150.94 per square foot. The location benefits from a rapidly growing market, with Springdale experiencing significant population growth and new housing developments planned. Proximity to the University of Arkansas further enhances the property's appeal. This is a rare opportunity to acquire a high-performing, low-maintenance investment property with exceptional long-term prospects. The lease has three 5-year options. The grand opening was November 18th, 2024.