For Sale
$2,772,358

2200 Main StRussellville, AR 72802

High-traffic QSR investment; strong tenant.

Overview

Added:
Dec 11, 2024
Days on market:
118
This exceptional investment opportunity features a 2,600 square foot Slim Chickens restaurant located at 2200 E Main St, Russellville, AR 72802. The property sits on a 1.03-acre lot and benefits from an absolute NNN lease with 10.5 years remaining on the initial 15.1-year term, plus two 5-year options. The lease includes 10% rental escalations every five years, providing consistent income growth. The property boasts a 6.15% cap rate and a strong net operating income (NOI) of $170,500. This high-visibility location on Main Street enjoys significant daily traffic and is conveniently situated minutes from Arkansas Tech University, serving a student population exceeding 10,000. The tenant, Dixie Chickens, LLC, is the largest Slim Chickens franchisee, operating multiple locations and demonstrating strong operational expertise. This passive investment offers a compelling combination of secure income, growth potential, and a prime location in a diverse and growing Arkansas economy. The property is currently 100% occupied.

Highlights

  • Absolute NNN lease with 10.5 years remaining; passive investment opportunity.
  • 10% rental escalations every 5 years, plus two 5-year options.
  • High-visibility location on Main Street in Russellville, AR, with significant daily traffic.
  • Minutes from Arkansas Tech University (10,000+ students).
  • Operated by Dixie Chickens, LLC, the largest Slim Chickens franchisee.

Property Details for 2200 Main St

Property type
Retail properties
Square Feet
2,600 SF
Lot Size (sq. ft)
44,867 SF

Location Insight

City
Russellville
County
Pope
State
Arkansas
Latitude
35.2776574
Longitude
-93.1080019
2200 Main St, Russellville, Arkansas

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2200 Main St
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