3097 Main StRussellville, AR 72802

Property Details for 3097 Main St

Year built

1996

Lot size

0.67 AC

Property size (Sq ft)

2,550 SF

Property type

Retail properties

Property subtype

Restaurants

Description

This exceptional investment opportunity presents a 2,550 square foot Hardee's restaurant located at 3097 East Main Street, Russellville, Arkansas, 72802. The property boasts a brand new 20-year absolute triple-net (NNN) lease with zero landlord responsibilities, commencing upon closing. The lease includes a built-in inflation hedge with 10% rent increases every five years, providing a secure and predictable income stream. The tenant, a seasoned franchisee with a proven track record, operates 32 Hardee's and 6 7 Brew Coffee locations, further strengthening the investment's stability through a substantial personal guarantee. The restaurant features a newly constructed drive-thru, completed in 2024, and enjoys a prime location on a 0.67-acre corner lot with dual access from Highway 331 and East Main Street, experiencing combined traffic exceeding 43,000 vehicles per day. This high-visibility site is strategically positioned as an outparcel to a Hobby Lobby-anchored strip center, surrounded by major retailers including JCPenney, Dollar Tree, Shoe Carnival, T.J. Maxx, Ross Dress for Less, AT&T, and PetSmart. The property benefits from strong retail synergy with a newly opened Chipotle next door. Russellville's robust market is further enhanced by its proximity to Arkansas Tech University, the state's third-largest institution of higher learning, with over 12,000 students. The property's strong sales history exceeds $1.55 million annually, contributing to a 5.77% cap rate and a net operating income (NOI) of $150,000. The lease includes four 5-year renewal options. This is a rare opportunity to acquire a high-performing, low-maintenance investment with significant long-term growth potential. The asking price is $2,600,000, representing a price per square foot of $1,019.61. The building was originally constructed in 1996 and underwent renovations in 2024. 100% occupancy is currently maintained.

Location Insight

City

Russellville

County

Pope

State

Arkansas

Latitude

35.2779

Longitude

-93.0942

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