600 Skyline Dr, Conway, AR 72032-3519

This exceptional investment opportunity presents a fee-simple ownership of a thriving Marketplace Grill restaurant in Conway, Arkansas. The property boasts a 6,364 square foot building situated on a 3.67-acre lot, with an additional 1.68 acres available for future development. The current tenant, Marketplace Grill, operates under a triple-net (NNN) lease with a corporate guarantee, commencing November 13, 2018, and expiring July 1, 2032. This lease includes three renewal options and features a 1% annual rent increase. The property generates a substantial net operating income (NOI) of $223,865, resulting in a compelling 6.58% cap rate. The restaurant has a proven track record, reporting $2.49 million in sales during fiscal year 2023 and enjoying over 25 years of operation at this location. Its prime location on Skyline Drive, a major retail artery with over 31,000 vehicles daily, places it within a thriving retail corridor alongside prominent national brands such as Walmart, Lowe's, Cinemark, Starbucks, and Harbor Freight. The property's strategic position benefits from Conway's robust population growth (nearly 10% in the last decade) and high consumer spending on food and alcohol ($100M within a 3-mile radius). A recently signed long-term billboard lease adds further income potential. The asking price for this exceptional property is $3,400,000. The property's APN is 71008187001C.