905 Oak St Conway, AR 72032-4715
Property profile & analytics
905 Oak St Conway, AR 72032-4715
- Drive through restaurants
- 1,947 SF
- 0.48 lot acres
Property ID
US05-0246081
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Starbucks / Cafe & Coffee Shop
Property Details for 905 Oak St
- Year built
- 2005
- Lot size
- 0.48 lot acres
- Property size
- 1,947 SF
- Property type
- Drive through restaurants
- APN
- 710-07991-001
- APU
- 71007991001
Description
This exceptional investment opportunity presents a 1,947 square foot Starbucks located at 905 E Oak St, Conway, AR 72032. The property sits on a 0.48-acre lot and boasts a triple net (NNN) lease with a corporate guarantee, ensuring minimal landlord responsibilities. The current lease, commencing March 1, 2006, and expiring February 28, 2036, has a remaining term of 11.3 years, providing significant long-term stability. Four five-year lease options further enhance the investment's longevity. Built in 2005, this strategically positioned Starbucks benefits from a hard signalized corner location with high visibility and multiple points of ingress and egress, experiencing over 30,000 vehicles per day. The property's strong performance is reflected in its 100% occupancy and a Net Operating Income (NOI) of $108,570, yielding a 5.15% cap rate. The asking price is $2,108,100, translating to $1,082.74 per square foot. Conway's robust growth, including a 61% population increase since 2000, and its status as "The City of Colleges," with three universities within two miles, contributes to the property's exceptional potential. The location's proximity to I-40 (52,000+ VPD), less than 30 miles north of downtown Little Rock, and its presence in an excellent growing retail corridor, further solidify its value. The area boasts over 36,500 daytime employees and over $203.5 million in food and beverage consumer spending within a 5-mile radius. The property is also within walking distance of six national hotels. Rent bumps are included in the lease agreement.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,460,000
- ML approach
- $1,475,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,139,000
Market price range: $509k - $1.23M
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Conway
- County
- Faulkner
- State
- Arkansas
- Longitude
- -92.4186
- Latitude
- 35.0911
- CBSA code
- 30780
- CBSA name
- LITTLE ROCK-NORTH LITTLE ROCK, AR METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$5,256
$42,240
$61,630
$103,870
-
$211,200
$308,150
$519,350
