1230 Edgar St Fordyce, AR 71742-7026
- Drive through restaurants
- 5,400 SF
- 3.92 lot acres
Current Use by Public Records
- AT&T Store / Cell Phone Store / Cell Phone Accessory Store
- McDonald's / Fast Food Restaurant / Breakfast Restaurant
Property Details for 1230 Edgar St
- Year built
- 2015
- Lot size
- 3.92 lot acres
- Property size
- 5,400 SF
- Property type
- Drive through restaurants
- APN
- 970-03810-001
- APU
- 97003810001
Description
This exceptional investment opportunity presents a 5,400 square foot retail center anchored by a McDonald's and AT&T in Fordyce, Arkansas. Built in 2015, the property boasts a strong 6.50% cap rate and a substantial 3.9-acre lot, offering significant potential for future expansion or development. The McDonald's location benefits from a 20-year lease (commencing July 10, 2014, and expiring July 10, 2034), providing 9.6 years of remaining lease term, with a corporate guarantee. The lease includes 10% rent bumps at each option period. The property features two tenants, with 100% occupancy, generating a net operating income (NOI) of $75,056. Strategically located at the signalized intersection of US-79 and N Edgar Street, the center enjoys high visibility and benefits from a daily traffic count of 13,600 vehicles. This represents a 31% increase from a few years prior. The property's location, approximately 70 miles south of Little Rock, serves both local residents and travelers, making it an attractive investment with strong, national tenants. The asking price is $1,155,000. This is a rare opportunity to acquire a well-positioned, high-performing retail property with significant upside potential.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,180,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,305,000
- 6.5%
- $1,170,000
- 7%
- $1,305,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,165,000
- Geo Method
- $1,130,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,175,000
- Retail
- $1,405,000
- Mixed-Use
- $1,270,000
- Hospitality
- $1,315,000
- Educational
- $1,385,000
- Residential Income
- $1,280,000
- Energy
- $1,330,000
- Income-Based Land
- $1,300,000
- Food Service
- $1,430,000
Location Insight
- Map
- Local Demand
- City
- Fordyce
- County
- Dallas
- State
- Arkansas
- Longitude
- -92.4259
- Latitude
- 33.8252