610 Bowman Rd Little Rock, AR 72211-3614
- Drive through restaurants
- 2,627 SF
- 0.67 lot acres
Jan 03, 2025
Current Use by Public Records
- Freddy's Frozen Custard & Steakburgers / Fast Food Restaurant
Property Details for 610 Bowman Rd
- Year built
- 2017
- Lot size
- 0.67 lot acres
- Property size
- 2,627 SF
- Property type
- Drive through restaurants
- APN
- 44L-062-13-000-03
- APU
- 44L0621300003
Description
This exceptional investment opportunity presents a thriving Freddy's Frozen Custard & Steakburgers franchise in Little Rock, Arkansas. Located on S Bowman Rd, this 2,600 sq ft QSR enjoys a prime position in a high-traffic area, seeing approximately 39,000 vehicles daily. The property boasts a strong 6.75% cap rate and a substantial NOI of $162,800, supported by a 100% occupancy rate. The current lease is a NNN structure with approximately 8 years remaining, including three 5-year renewal options and a 10% rent increase every 5 years and at the beginning of each option period. The location benefits from a diverse menu, strong brand recognition, and proximity to residential areas with over 123,307 residents within a 5-mile radius and 280,000 within 10 miles. The property is situated in Little Rock's Financial Centre, surrounded by national tenants such as Taco Bell, Sam's Club, Walmart, and many others. The investment is further secured by three high-net-worth guarantors, ensuring reliable rental income. This turnkey operation offers a compelling opportunity for passive income generation and potential for future growth within a robust market. The asking price is $2,411,900, representing a price per square foot of $928. Built in 2017, this property is a proven performer in a desirable location.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Little Rock
- County
- Pulaski
- State
- Arkansas
- Longitude
- -92.4082
- Latitude
- 34.7487
- CBSA code
- 30780
- CBSA name
- LITTLE ROCK-NORTH LITTLE ROCK, AR METROPOLITAN STATISTICAL AREA
