3615 Steele Blvd Fayetteville, AR 72703

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.