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Starbucks 2220 E Parkway 1,834 SF 4-Star Retail Building Russellville, AR 72802 $1,650,000 ($899.67/SF) 5.08% Cap Rate

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EXECUTIVE SUMMARY

Prime investment with an established double net lease with a new 5 year extension just executed. New Roof completed February 2024

PROPERTY FACTS

Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Freestanding
Building Size
1,834 SF
Building Class
B
LoopNet Rating
4 Star
Year Built
2007
Price
$1,650,000
Price Per SF
$899.67
Cap Rate
5.08%
NOI
$83,900
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
0.51 AC
Opportunity Zone
Yes
Zoning
Commercial - Zoned C-1
Parking
21 Spaces (11.45 Spaces per 1,000 SF Leased)
Frontage
112’ on E Parkway Dr

AMENITIES

  • Corner Lot
  • Drive Thru
  • Air Conditioning

NEARBY MAJOR RETAILERS

7 Brew
Starbucks
Regions Bank
Bank OZK
McAlister's Deli
Buffalo Wild Wings
Snap Fitness 24/7
Freddy's Frozen Custard & Steakburgers
Zaxby's
Chili's Grill & Bar

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
863-97001-000C
Land Assessment
$71,870
Improvements Assessment
$61,850
Total Assessment
$133,720
  • Listing ID: 31010828

  • Date on Market: 2/21/2024

  • Last Updated:

  • Address: 2220 E Parkway, Russellville, AR 72802

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