945 Amity Rd Conway, AR 72032

Property Details for 945 Amity Rd

Lot size

1.05 lot acres

Property size

2,480 SF

Property type

Commercial real estate

APN

711-07682-010, 711-0768-012

Description

This exceptional investment opportunity presents a brand-new 2024-built Starbucks located at 945 S Amity Rd, Conway, AR 72032. The property boasts a 2,480 square foot building situated on a 1.05-acre lot (APN: 711-07682-010, 711-0768-012). The property is a single-tenant, net lease investment with a strong Starbucks tenant, offering a 10.2-year initial lease term commencing January 1, 2025, and expiring February 28, 2035. This equates to a remaining lease term of 10.3 years. The lease includes four, five-year option periods with a 7.5% rental increase every five years. The property enjoys a 100% occupancy rate, generating a Net Operating Income (NOI) of $187,027, resulting in a 6.00% capitalization rate. The asking price is $3,117,100, translating to a price per square foot of $1,256.90. This prime location benefits from high traffic flow and visibility, and its proximity to the University of Central Arkansas, Hendrix College, and Central Baptist College provides a substantial built-in customer base within a rapidly growing city. The property's strategic placement within a robust retail neighborhood and its association with a globally recognized brand contribute to its significant investment potential. This is a rare opportunity to acquire a high-performing asset in a thriving market.

Location Insight

City

Conway

County

Faulkner

State

Arkansas

Longitude

-92.4150324

Latitude

35.0668521