901 East Broadway Street, North Little Rock, AR 72114
Former Taco Bell
Price:
Cap Rate:
$1,100,000
7.46%
Annual Rent:
$93,690
Building Area:
Land Area:
Status:
2,082 SF
27,007 SF
Available
Former Taco Bell Drive-Thru for Sale or Lease:
Current Tenant has Operated at the Location for 20 Years and Will Not be Continuing their Lease Creating a Great Opportunity for Investors or Owner-Users.
Below Market Rent w/ Short Term Lease:
Current Tenant is Paying Approximately 38% Below Market Rent and has Less than 3 Months Left on the Current Term of the Lease.
ProForma 7.5% Return:
Assuming Conservative Capital Improvements Investors can Achieve Attractive Returns at Market Rent.
Attractive Owner-User Opportunity:
Owner-User Operators can Obtain Attractive SBA Financing with as Little at 10% Down Payment ($109,933) with all the Benefits of Owning Instead of Renting.
Dynamic Market:
Little Rock, AR, Enjoys a Vibrant Economy and an Expanding Population, Creating an Ideal Environment for Freddy’s Frozen Custard & Steakburgers to Meet the Rising Consumer Demand for Quality Dining Options. Additionally, the City is Prioritizing the Enhancement of its Road Infrastructure Through the Master Street Plan, Aiming to Modernize and Beautify Many of its Older Roads.
Strong Demographics:
The Site is Supported by Strong Fundamental Demographics with Over 113,000 Population and Over 119,000 Employees in a 5-Mile Radius with a Average Household Income of $68,435.
The Ovaness-Rostamian Group of Marcus & Millichap is pleased to present an opportunity to purchase a former drive-thru Taco Bell with significant potential for investors or owner-users. The current tenant has successfully operated at this location for 20 years but will not be continuing their lease, creating a prime opportunity for new ownership.
The tenant is currently paying approximately 38% below market rent and has less than three months remaining on the current lease term. This short-term lease presents a unique chance for investors to capitalize on proforma returns of 7.5% by implementing conservative capital improvements and leasing at market rates.
Owner-user operators can also take advantage of attractive SBA financing options, requiring as little as a 10% down payment (approximately $109,933), enabling the benefits of ownership over renting.
The market in Little Rock, AR, is dynamic and thriving, boasting a vibrant economy and an expanding population. This environment is ideal for Freddy’s Frozen Custard & Steakburgers to tap into the rising consumer demand for quality dining options. Additionally, the city is prioritizing the enhancement of its road infrastructure through the Master Street Plan, which aims to modernize and beautify many of its older roads.
The site benefits from strong demographics, with a population of over 113,000 and more than 119,000 employees within a 5-mile radius. The average household income in this area is $68,435, supporting a solid customer base for future tenants.
ORBELL OVANESS
Senior Vice President
Managing Partner
Office: Los Angeles
Direct: (213) 943-1822 orbell.ovaness@marcusmillichap.com
License: CA 01402142
ARA H. ROSTAMIAN, MRED
Vice President
Managing Partner
Office: Los Angeles
Direct: (213) 943-1781
ara.rostamian@marcusmillichap.com
License: CA 01814678
TONY SOLOMON
Broker of Record
23975 Park Sorrento Suite 400,
Calabasas, CA 91302
License: CA 01238010