4044 Jb Hunt Dr
Rogers, AR 72758
Saltgrass Steak House · Retail Property For Sale

The subject investment property is situated at 4404 South JB Hunt Drive in Rogers, Arkansas, less than 15 miles from the heart of downtown Fayetteville, the third-most populous city in Arkansas. This Saltgrass Steak House is conveniently positioned just off West Pauline Whitaker Parkway, which experiences an average traffic count of approximately 16,000 vehicles per day. West Pauline Whitaker Parkway intersects with Interstate-49 and Promenade Boulevard, which bring an additional 81,500 and 12,500 vehicles into the immediate area each day, respectively. Average household income exceeds $158,000 for homes within one mile of the subject property. There are more than 33,000 individuals residing within a three-mile radius of the subject property and more than 92,000 individuals within a five-mile radius. The population within a one-mile radius is projected to increase by approximately 20 percent by 2023. This Saltgrass Steak House is strategically positioned in a highly dense retail corridor consisting of local and national tenants, shopping centers and healthcare facilities, all within close proximity of the site. Major national tenants in the immediate area include: Walmart Neighborhood Market, Home Depot, Target, Walgreens, Dillard’s, Best Buy, Dave & Buster’s, Chick-fil-A, Red Lobster, Taco Bell, Slim Chickens, Twin Peaks, Five Guys, Qdoba, Starbucks and many more. The subject property is located less than one mile from Pinnacle Hills Promenade, a shopping mall with over 100 stores, 15 restaurants and a movie theatre. The site additionally benefits from its immediate access to healthcare, being located within one mile of Mercy Hospital Northwest Arkansas. This healthcare facility recently underwent a $133 million expansion that added 150 patient beds, as well as more cardiac and general operating rooms. In total, Mercy Hospital Northwest Arkansas has more than 300 patient beds. Other attractions in the area include Top Golf, which will open in 2020 directly across the street from this Saltgrass Steak House. This is expected to be one of the main sources of attraction in Rogers. The subject property is additionally located within walking distance of The Walmart Arkansas Music Pavilion, which recently announced a $13.9 million expansion. This expansion will increase capacity by 1,000, bringing the total venue capacity to 11,000. Pinnacle Heights, a $100 million development project within walking distance of the subject property, is currently in the first phase of construction. Once completed, the Phase I project will feature 295 multifamily units including 12 live-work units, 30,500 square feet of retail space, a boutique hotel and numerous restaurants. Construction is expected to be completed in the third quarter of 2021. 2019 is an exciting time to live, work and play in Northwest Arkansas. Rogers is thriving with fresh development, and there seems to be a new project announced each day. The City of Rogers has plans to improve connectivity from one side of Interstate-49 to the other by building three overpasses, one of which will be south of Embassy Suites Northwest Arkansas Hotel, Spa & Convention Center. The projects are expected to include at least one 10 to 12-foot wide path to accommodate cyclists and pedestrians crossing the interstate. The uptown overpass will give attendees easier access to the 100 shops and 15 restaurants in the Pinnacle Hills Promenade area less than a mile from the Embassy Suites,and will provide enhanced walkability. While getting to and from Rogers is becoming more convenient, development inside the city is growing just as quickly. Approximately $400 million of it is planned in the area in 2019 and subsequent years. A building called “One Uptown” broke ground on development in 2019. The 2-acre site at the intersection of South Champions Boulevard and West Pauline Whitaker Parkway will be a three-story, mixed-use property consisting of retail shops, office tenants and two rooftop restaurants. A 27-acre field next to Hunt Tower will additionally be developed into one million square feet of commercial and residential real estate called “Pinnacle Village” over the next 10 years. This project is valued at more than $100 million.