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3683 E Race Ave
Searcy, AR 72143
Chick-fil-a · Retail Property For Sale

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INVESTMENT HIGHLIGHTS

  • 15-year absolute NNN lease with Chick-fil-A, a leading QSR brand with 2,800+ locations, ensuring reliable income
  • Tenant covers all taxes, insurance, and maintenance, including roof and structure, delivering a fully passive investment
  • 10% rent escalations every five years through the initial term and options, driving long-term cash flow growth for investors
  • Chick-fil-A’s unmatched brand loyalty fuels high customer traffic, with frequent visits from 33.9% of adults living within 5 miles of the site

EXECUTIVE SUMMARY

Positioned as a Walmart and Lowe’s outparcel on E Race Ave, the site captures 28,000 daily vehicles in Searcy’s retail hub. Adjacent retailers like Harp’s Food Stores and Tractor Supply Co. drive consistent consumer traffic. Its central location ensures long-term value stability for investors. Chick-fil-A is responsible for all property expenses, including taxes, insurance, and maintenance of roof and structure. The 15year lease with four 5-year options offers up to 35 years of income security. Chick-fil-A attracts 33.9% of adults within 5 miles (7,648 visitors in 6 months), reflecting strong local patronage. Proximity to retail anchors enhances visibility and accessibility. Searcy’s limited QSR options amplify Chick-fil-A’s market dominance. Renovated in 2024, the restaurant features Chick-fil-A’s latest prototype with dual drive-thru lanes for efficiency. The 1.18-acre parcel supports ample parking and smooth traffic flow. Recent upgrades minimize near-term capital costs for investors. The 5-mile radius population of 28,718 is projected to remain steady through 2029, with a median household income of $50,915 rising to $55,481. The area’s family-oriented demographic, with 2.4 average household size, aligns with Chick-fil-A’s core customer base. Searcy’s economic stability supports sustained dining demand. Near I-57 (28,000 AADT) and E Race Ave, the site offers multiple access points. Located 1 mile from Harding University, with 4,600+ students, it ensures year-round traffic. Proximity to White County Medical Center, with 200 beds and approximately 600 employees, further boosts customer flow.

PROPERTY FACTS

Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Fast Food
Building Size
7,500 SF
Building Class
B
Year Built/Renovated
2010/2025
Price
$3,750,000
Price Per SF
$500
Cap Rate
4%
NOI
$150,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
1.18 AC
Parking
58 Spaces (7.73 Spaces per 1,000 SF Leased)
Frontage
135’ on East Race Avenue

AMENITIES

  • Pylon Sign
  • Signage
  • Drive Thru
  • Wheelchair Accessible
  • Air Conditioning
  • Smoke Detector

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
016-01873-302
Land Assessment
$110,816
Improvements Assessment
$219,976
Total Assessment
$330,792
  • Listing ID: 35706137

  • Date on Market: 5/1/2025

  • Last Updated:

  • Address: 3683 E Race Ave, Searcy, AR 72143

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