Published on: Friday, October 18, 2024
Updated on: Friday, October 18, 2024
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About the Lister
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Name: Chandler Dignam
Company: Anchor Point Capital
Office Phone: 714-928-9617
Cell Phone: 714-928-9617
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  MarketPlace Grill
600 Skyline Dr Conway Arkansas , 72032
600 Skyline Dr Conway Arkansas , 72032Anchor Point Capital
Listing ID: CL-Arkansas-12477

Purchase Option

Acquisition Option: Traditional Purchase
Cap Rate (%): 6.58
Net Operating Income: $223,865
Commission Split (%): 0
Quick Glance
Listing ID: CL-Arkansas-12477
Status: Accepting Offers
Financing: Third Party Financing
Occupancy: 100%
Year Build: 2000
Building Size: 8,364.00 SqFt
Lot Size: 158,992.00 SqFt.
No of Stories: 1
No of Parking: N/A
Offer to Millionaire Club: No
Business Available for Sale: No
Is Net Lease Investment: Yes
Property On Ground Lease: No
Building Status: Existing
Listing Summary
Excellent Single Tenant Investment Opportunity · Recently Executed 10 Year Lease Extension; 8.5+ Years Remaining on Lease Term · 1% Annual Rent Increases with 3 - 5 Year Renewal Options
Complete Details
Year Build: 2000
Building Size: 8,364 SqFt.
No of Stories: 1
Total Lot Area: 158992 SqFt.
No of Parking: N/A
No of Total Units: 1
Property Current Status: Normal Sale
Building Status: Existing
Heating and Cooling: Not Specified
Building Class: Not Specified
Property on Ground Lease?: No
Net Lease Investment?: Yes
Business Price Included?: No
Roofing: Not Specified
Occupancy: 100%
Full Description
Excellent Single Tenant Investment Opportunity · Recently Executed 10 Year Lease Extension; 8.5+ Years Remaining on Lease Term · 1% Annual Rent Increases with 3 - 5 Year Renewal Options · Strong Sales Reported: $2.49M in FY 2023 · Over 25 Years of Operating History at this Location; Landmark Restaurant in Conway, AR · New Long Term Billboard Lease Recently Signed (Contact Broker for more Details) · Situated on 1.99-acre lot; Offering Includes Additional Adjacent 1.68-acre Lot for Future Development
Additional Properties
Property Highlights
  • Outstanding Location in Conway, AR
  • · Located along Major Retail Artery Skyline Drive; over 31,000 Vehicles per Day
  • · Excellent Retail Corridor; Neighbor Retailers Include Walmart Super Center, Lowes, Cinemark, Starbucks, Harbor Freight
  • · Outstanding Population Growth; Nearly 10% Growth in the Last 10 Years
  • · Nearly $100M in Consumer Spending Reports for Food & Alcohol; Highest Expenditure Category within 3 Miles
  • · One of the Fastest Growing Counties in Arkansas; Conway is Located in Faulkner County
Features
  • APN 71008187001C
  • Brand/Tenant Marketplace Grill
  • Lease Commencement 11/13/2018
  • Lease Expiration 07/01/2032
Actual - Cash Flow
Cash Flow Year Gross Income Effective GrossIncome Operating Expenses Net Operating Income Pre Tax Cash Flow Cap Rate
2024
$0
$0
$0
$223,865
$0
0%
Cash Flow for Current Listings
Listing Location
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