For Sale
$2,720,000

1355 Dave Ward DrConway, AR 72032

Arkansas Retail Investment, 6.25% Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
119
This exceptional investment opportunity presents a 4,536 square foot freestanding Sherwin Williams retail building in Conway, Arkansas. Built in 2024, this property boasts a 10-year corporate net lease with a highly desirable tenant, Sherwin Williams, a company that reported $23.05 billion in revenue in 2023. The lease includes 10% rent bumps every five years, providing significant long-term growth potential. Situated on a 0.78-acre lot, the property benefits from its strategic location as an outparcel to Conway's new $130 million Maly District mixed-use development. This vibrant development includes a hotel, apartment complex, event center, and entertainment center, ensuring high foot traffic and visibility. The property is also directly adjacent to a 250,000 square foot shopping center anchored by Sam's Club and other national retailers such as ALDI, Academy Sports, Ross, Michaels, Ulta, Petco, and Five Below, further enhancing its desirability and potential for strong returns. The property's Net Operating Income (NOI) is $169,980, resulting in a 6.25% capitalization rate. The lease includes four, five-year renewal options, offering long-term security and predictable income streams. This is a rare opportunity to acquire a high-quality, net-leased property with a strong tenant and excellent location in a rapidly growing market. The asking price is $2,720,000.

Highlights

  • 10-Year Corporate Lease with 10% rent increases every 5 years.
  • 2024 Build-to-Suit to tenant's latest prototype.
  • Prime location in a major Arkansas development.
  • Outparcel to Conway's new $130M Maly District mixed-use development.
  • Investment-grade tenant (Sherwin-Williams) with $23.05B in 2023 revenue.
  • Adjacent to a 250,000 SF shopping center anchored by Sam's Club.

Property Details for 1355 Dave Ward Dr

Property type
Retail properties, Freestanding property
Square Feet
4,536 SF
Year Built
2024
Lot Size (sq. ft)
33,977 SF

Location Insight

City
Conway
County
Faulkner
State
Arkansas
Latitude
35.0664603
Longitude
-92.4098288
1355 Dave Ward Dr, Conway, Arkansas

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1355 Dave Ward Dr
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