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Andy's Frozen Custard 1237 Mathias Dr 1,636 SF Retail Building Springdale, AR 72762 $3,167,000 ($1,935.82/SF) 6% Cap Rate
Investment Highlights
- New 20-Year Absolute NNN Sale-Leaseback with 1.75% Annual Increases
- Upward Trending Unit-Level Sales with Year-Over-Year Growth and Profitable Store
- Serving Over 100,000 Residents in One of the Fastest-Growing Regions in the U.S.
- Corporate Guaranty with 193+ Locations Across 15 States, Strong Financials
- Ranked #254 on Franchise Times Top 400 with a 30.7% Increase in Sales
- Average Household Incomes Exceed $105,000 in 1 Mile and $94,700 in 3 Miles
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
1,636 SF
Building Class
B
Year Built
2022
Price
$3,167,000
Price Per SF
$1,935.82
Cap Rate
6%
NOI
$190,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.02
Lot Size
1.53 AC
Zoning
C
Parking
15 Spaces (5 Spaces per 1,000 SF Leased)
Frontage
401’ on West Sunset Avenue
Fairly walkable
40/100
Exceptionally drivable
100/100
Not bikeable
10/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 815-39750-000 | Improvements Assessment | $173,670 |
| Land Assessment | $158,360 | Total Assessment | $332,030 |
Property Taxes
Parcel Number
815-39750-000
Land Assessment
$158,360
Improvements Assessment
$173,670
Total Assessment
$332,030
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