4104 Central Ave Hot Springs, AR 71913-7293
- Turn key restaurants
- 7,116 SF
- 1.65 lot acres
Jul 14, 2023
Current Use by Public Records
- Turn key restaurants
Property Details for 4104 Central Ave
- Year built
- 2006
- Lot size
- 1.65 lot acres
- Property size
- 7,116 SF
- Property type
- Turn key restaurants
- APN
- 400-09830-002-000
- APU
- 40009830002000
Description
This exceptional investment opportunity presents a 6,549 square foot, single-story retail center in Hot Springs, Arkansas, boasting a 5.75% cap rate and a strong NOI of $328,400. The property, built in 2006 and renovated in 2024, sits on a 1.5-acre lot at 4104 Central Ave, a high-traffic area with over 32,000 vehicles passing daily, and is situated across from a Walmart Supercenter. The center is 100% occupied by a Chipotle Mexican Grill and a Whataburger franchisee (a 15-unit operator), both secured by corporate guarantees and featuring new 15-year leases with built-in rent bumps. This prime location benefits from being in a dense retail corridor with over 100 national retailers nearby. The property's strong tenant mix, coupled with the financial strength of its tenants and the favorable lease terms, makes it an attractive investment opportunity. The building's recent renovation ensures long-term value and operational efficiency. Hot Springs' thriving economy, recognized as a top small place for business and careers, further enhances the property's investment potential. The asking price is $5,712,000, translating to $872.19 per square foot.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,575,000
- ML approach
- $1,565,000
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- Hot Springs
- County
- Garland
- State
- Arkansas
- Longitude
- -93.0661
- Latitude
- 34.4544
- CBSA code
- 26300
- CBSA name
- HOT SPRINGS, AR METROPOLITAN STATISTICAL AREA
