Property profile

2200 Main St Russellville, AR 72802

OFF-MARKET
Drive through restaurants
Property ID
US05-0553176
2,792 SF 1.03 ac lot
Entity Owned 5-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional investment opportunity features a 2,600 square foot Slim Chickens restaurant located at 2200 E Main St, Russellville, AR 72802. The property sits on a 1.03-acre lot and benefits from an absolute NNN lease with 10.5 years remaining on the initial 15.1-year term, plus two 5-year options. The lease includes 10% rental escalations every five years, providing consistent income growth. The property boasts a 6.15% cap rate and a strong net operating income (NOI) of $170,500. This high-visibility location on Main Street enjoys significant daily traffic and is conveniently situated minutes from Arkansas Tech University, serving a student population exceeding 10,000. The tenant, Dixie Chickens, LLC, is the largest Slim Chickens franchisee, operating multiple locations and demonstrating strong operational expertise. This passive investment offers a compelling combination of secure income, growth potential, and a prime location in a diverse and growing Arkansas economy. The property is currently 100% occupied.

Property profile

Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Total area 2,792 SF
Lot 1.03 ac (44,867 SF)
APN 859-36001-000C
UPID US05-0553176

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Specialty Food Shop Farmer's Market
  • Restaurant

Location

2200 Main St Russellville, AR 72802-5364
Russellville metro Census 951301 RUSSELLVILLE, AR MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$715k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$665k

Owner & transaction history

since 2020
Last sale
$712,500
4 recorded transactions
2020
$712,500
2020
$220,000
2019
Price N/A
2019
$1.3M

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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