4300 W Walnut St Rogers, AR 72756
- Turn key restaurants
- 6,479 SF
- 1.71 lot acres
Current Use by Public Records
- Red Robin Gourmet Burgers and Brews / American Restaurant / Grill
Property Details for 4300 W Walnut St
- Year built
- 2005
- Lot size
- 1.71 lot acres
- Property size
- 6,479 SF
- Property type
- Turn key restaurants
- APN
- 02-18900-000
- APU
- 218900000
Description
This exceptional investment opportunity features a 6,582 square foot Red Robin restaurant in Rogers, Arkansas, boasting a brand-new 15-year absolute NNN lease commencing August 30, 2023, and expiring August 31, 2038. The lease includes four, five-year renewal options with 10% rent increases every five years. The property benefits from a corporate guarantee, eliminating landlord responsibilities. Situated on West Walnut Street, a highly trafficked corridor with 35,000 vehicles per day, this location enjoys exceptional visibility and accessibility. Its proximity to Interstate 49, a major thoroughfare with over 100,000 vehicles per day, further enhances its appeal. The property is strategically located adjacent to the Scottsdale Center, a 318,404 square foot strip mall anchored by a variety of national retailers including Big Lots, Marshalls & HomeGoods, Bealls, Chick-fil-A, Office Depot, Sonic Drive-In, AT&T Store, IHOP, Outback Steakhouse, and Firestone Complete Auto Care. The property's strong tenant, favorable lease terms, and prime location contribute to a compelling 6.50% cap rate and a net operating income (NOI) of $250,000. Built in 2005, this restaurant presents a secure and profitable investment opportunity. The property's zip code is 72756, and it is located in Benton County.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $4,440,000
- ML approach
- $4,360,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $3,755,000
Market price range: $877k - $3.76M
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Location Insight
- Map
- Local Demand
- City
- Rogers
- County
- Benton
- State
- Arkansas
- Longitude
- -94.1778
- Latitude
- 36.3342
- CBSA code
- 22220
- CBSA name
- FAYETTEVILLE-SPRINGDALE-ROGERS, AR-MO METROPOLITAN STATISTICAL AREA