2031 Oliver Lancaster BlvdMalvern, AR 72104
High-Yield Net Lease, Malvern, AR
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 119
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
Nearby Similar for Sale
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