610 Bowman RdLittle Rock, AR 72211

Property Details for 610 Bowman Rd

Year built

2017

Lot size

0.67 AC

Property size (Sq ft)

2,627 SF

Property type

Retail properties

Property subtype

Drive through restaurants

APN

44L-062-13-000-03

APU

44L0621300003

Description

This exceptional investment opportunity presents a thriving Freddy's Frozen Custard & Steakburgers franchise in Little Rock, Arkansas. Located on S Bowman Rd, this 2,600 sq ft QSR enjoys a prime position in a high-traffic area, seeing approximately 39,000 vehicles daily. The property boasts a strong 6.75% cap rate and a substantial NOI of $162,800, supported by a 100% occupancy rate. The current lease is a NNN structure with approximately 8 years remaining, including three 5-year renewal options and a 10% rent increase every 5 years and at the beginning of each option period. The location benefits from a diverse menu, strong brand recognition, and proximity to residential areas with over 123,307 residents within a 5-mile radius and 280,000 within 10 miles. The property is situated in Little Rock's Financial Centre, surrounded by national tenants such as Taco Bell, Sam's Club, Walmart, and many others. The investment is further secured by three high-net-worth guarantors, ensuring reliable rental income. This turnkey operation offers a compelling opportunity for passive income generation and potential for future growth within a robust market. The asking price is $2,411,900, representing a price per square foot of $928. Built in 2017, this property is a proven performer in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $613,822

  6.5%

  $566,605

  7%

  $526,133

• Comparable approach

  Method

  Valuation

  Relative Method

  $473,531

  Geo Method

  $473,531

• Alternative Use

  Use

  Valuation

  Residential

  $477,953

  Hospitality

  $437,802

  Educational

  $364,246

  Medical

  $376,773

  Retail

  $566,605

Location Insight

City

Little Rock

County

Pulaski

State

Arkansas

Latitude

34.7487

Longitude

-92.4082

CBSA code

30780

CBSA name

LITTLE ROCK-NORTH LITTLE ROCK, AR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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