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MarketPlace Grill 1636 S 48th St 10,058 SF Retail Building Springdale, AR 72762 $4,251,250 ($422.67/SF) 5.75% Cap Rate
INVESTMENT HIGHLIGHTS
- Strong Sales - Healthy rent-to-sales ratio below 5%
- New HVAC System
- Three 5-Year Options
- Roof Replaced 2025
- Long-Term Historical Occupancy & Commitment
- Annual Rent Increases
EXECUTIVE SUMMARY
Marketplace Grill is a high-revenue, family-oriented, single-tenant casual dining restaurant operating under a NNN lease in Springdale, Arkansas. The restaurant has operated as Marketplace Grill continuously for over 30 years at this location since its 1995 construction and was acquired by Clean Plate Restaurants in 2018. Sales at this location are exceptionally strong, supporting a healthy rent-to-sales ratio of below 5%. With more than seven years remaining on the current lease term and clear indicators of the tenant’s long-term commitment, this property offers investors a secure, stable income stream backed by a proven and successful operator. The roof is currently being replaced, and the HVAC system was replaced just a few years ago—with the tenant paying for half of that upgrade. As outlined in the lease, the landlord’s maintenance responsibilities are limited to sharing the cost of roof and HVAC replacements on a 50/50 basis with the tenant. These recent shared investments in property improvements further underscore the tenant’s dedication to the site and its long-term operational commitment.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
10,058 SF
Building Class
B
Year Built/Renovated
1995/2016
Price
$4,251,250
Price Per SF
$422.67
Cap Rate
5.75%
NOI
$244,447
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
1.67 AC
Zoning
C-2
Parking
110 Spaces (10 Spaces per 1,000 SF Leased)
AMENITIES
- Restaurant
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- MarketPlace Grill
- Retailer
-
99,999 SF
- -
-
Jan 0000
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| MarketPlace Grill | Retailer | 99,999 SF | - | Jan 0000 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 815-30075-060 | Improvements Assessment | $486,390 |
| Land Assessment | $112,050 | Total Assessment | $598,440 |
PROPERTY TAXES
Parcel Number
815-30075-060
Land Assessment
$112,050
Improvements Assessment
$486,390
Total Assessment
$598,440
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MarketPlace Grill | 1636 S 48th St
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