4104 Central Avenue
Hot Springs, AR
Price:
$5,712,000
Cap Rate:
5.75%
NOI:
$328,400
Building Size:
Approx. 6,549 Sq. Ft.
Lot Size:
Approx. 1.5 Acres
Type:
Multi-Tenant / Retail
Sub Category:
Casual Dining
Year Built / Renovated:
2024 / 2006
Investment Overview
- 2006 Construction/2024 Renovation. 6,549+/- SF Building on 1.50+/- Acre Site
- New 15-year Leases w/ Scheduled Rent Increases in Primary Terms – Corporate Chipotle Lease & Experienced Multi-Unit Whataburger Franchisee (15 Unit Operator)
- Located on Central Avenue (32,067+ VPD), Across from Walmart Supercenter
- Located in a Dense Retail Corridor w/ Strong Occupancy Rate – 100+ National Retailers in Immediate Area
- Chipotle Mexican Grill, Inc. Is the Largest Fast-Casual Restaurant Chain in the U.S w/ $9.87 B in Revenue
- Whataburger is One of the Fastest Growing QSR Chains in the U.S. – Seen System Sales Expand in Recent Years to $3.34 B
- Hot Springs | One of the Top Small Places for Business & Careers in the US (Forbes) | Population: 37,994+