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401 E Harrell Dr
Russellville, AR 72802
Applebee’s & IHOP Restaurant · Retail Property For Sale
Investment Highlights
- 20-Year Absolute NNN lease with 10% rent increases every 5 years; Proven location with direct visibility to Interstate 40
- Close proximity to Arkansas Tech University - 9,000+ students; Strong household population base with 36,000+ people within a 5-mile radius
- Applebee’s: National casual dining leader with 1,600+ locations across the U.S.; IHOP: International breakfast chain with 1,700+ locations nationwide
- Newly renovated, co-branded Applebee’s/IHOP site; Tenant has invested approximately $2 million in site improvements
- Primary exit retail cluster for Arkansas Tech University with surrounding commercial activity, hotels and national tenants attracting consumers
- 900 co-branded Applebee’s / IHOP locations projected to open
Property Facts
Property Type
Retail
Property Subtype
Building Size
5,483 SF
Building Class
B
Year Built/Renovated
2007/2025
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
2.80 AC
Zoning
Commercial
Frontage
319’ on E Harrell Dr
Amenities
- Pylon Sign
Property Taxes
| Parcel Number | 868-50111-003C | Improvements Assessment | $223,420 |
| Land Assessment | $48,790 | Total Assessment | $272,210 |
Property Taxes
Parcel Number
868-50111-003C
Land Assessment
$48,790
Improvements Assessment
$223,420
Total Assessment
$272,210
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