For Sale
$2,792,000

2031 Oliver Lancaster BlvdMalvern, AR 72104

High-Yield Net Lease, Malvern, AR

Overview

Added:
Dec 11, 2024
Days on market:
119
This exceptional investment opportunity presents a brand-new, 2,540-square-foot Starbucks located at 2031 Oliver Lancaster Blvd, Malvern, AR 72104, within the Hot Springs MSA. Boasting a 10-year net lease commencing May 27, 2024, and featuring approximately 9.5 years remaining, this property offers significant long-term value. The lease includes four, five-year renewal options with a 7.5% rent increase in 2029 and each subsequent option period. The property sits on a 0.93-acre lot with 34 parking spaces and benefits from excellent visibility and access along Oliver Lancaster Boulevard (20,000 VPD) and Interstate 30 (44,000 VPD), enhanced by a prominent 75-foot pylon sign. This strategically located Starbucks is the first freestanding location along I-30 between Texarkana and Little Rock, enjoying limited competition. The property's strong financial performance is reflected in its $2,792,000 asking price, $1,099.21 price per square foot, and a 6.10% cap rate, generating a net operating income (NOI) of $170,312. The surrounding area features a robust retail environment, including major national brands and a high concentration of retail and industrial space within a 5-mile radius. This is a rare opportunity to acquire a high-performing, net-leased Starbucks in a prime location with significant growth potential. The building was constructed in 2024.

Highlights

  • New 2,540 SF Starbucks with a 10-year net lease (approx. 9.5 years remaining) commencing May 27, 2024. Four, five-year renewal options with a 7.5% rent increase in 2029 and each subsequent option.
  • Prime location on 0.93-acre lot with 34 parking spaces, excellent visibility and access from Oliver Lancaster Blvd (20,000 VPD) and I-30 (44,000 VPD), featuring a 75-foot pylon sign.
  • First freestanding Starbucks along I-30 between Texarkana and Little Rock, offering limited competition.
  • Strong financial performance: $2,792,000 asking price, $1,099.21 PSF, 6.10% cap rate, $170,312 NOI. Surrounded by major national retailers and significant retail/industrial space within a 5-mile radius.

Property Details for 2031 Oliver Lancaster Blvd

Property type
Retail properties
Square Feet
2,540 SF
Year Built
2024
Buildings
1
Lot Size (sq. ft)
40,511 SF

Location Insight

City
Malvern
County
Hot Spring
State
Arkansas
Latitude
34.3883904
Longitude
-92.828676
2031 Oliver Lancaster Blvd, Malvern, Arkansas

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2031 Oliver Lancaster Blvd
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