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Krispy Kreme 1105 Dave Ward Dr 2,755 SF Retail Building Conway, AR 72034 $1,292,000 ($468.97/SF) 6.25% Cap Rate
INVESTMENT HIGHLIGHTS
- Absolute Net Lease Krispy Kreme with zero landlord responsibilities; tenant covers taxes, insurance, and maintenance.
- Site has cross access and cross parking agreements.
- Under 1 mile from the University of Central Arkansas with an enrollment of 10,123 students.
- Priced below replacement value.
- Leased to Krispy Kreme, a globally recognized brand with a strong customer following and proven business model.
- Traffic Counts: Dave Ward Drive – 34,000 VPD & S German Lane – 6,400 VPD.
EXECUTIVE SUMMARY
Absolute Net Lease Krispy Kreme with zero landlord responsibilities; tenant covers taxes, insurance, and maintenance.
Priced below replacement value.
Site has cross access and cross parking agreements.
Leased to Krispy Kreme, a globally recognized brand with a strong customer following and proven business model.
Under 1 mile from the University of Central Arkansas with an enrollment of 10,123 students.
Priced below replacement value.
Site has cross access and cross parking agreements.
Leased to Krispy Kreme, a globally recognized brand with a strong customer following and proven business model.
Under 1 mile from the University of Central Arkansas with an enrollment of 10,123 students.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,755 SF
Building Class
C
Year Built
2014
Price
$1,292,000
Price Per SF
$468.97
Cap Rate
6.25%
NOI
$80,750
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
0.50 AC
Zoning
C
Parking
17 Spaces (6.17 Spaces per 1,000 SF Leased)
Frontage
165’ on Dave Ward Dr.
AMENITIES
- Drive Thru
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 710-08533-102 | Improvements Assessment | $119,110 |
| Land Assessment | $47,920 | Total Assessment | $167,030 |
PROPERTY TAXES
Parcel Number
710-08533-102
Land Assessment
$47,920
Improvements Assessment
$119,110
Total Assessment
$167,030
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Krispy Kreme | 1105 Dave Ward Dr
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