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CHICK-FIL-A W/ TRIPLE DRIVE-THRU | NNN 700 Julian dr 5,108 SF Retail Building Little Rock, AR 72205 $4,285,714 ($839.02/SF) 3.85% Cap Rate
Investment Highlights
- 15 Year Absolute Net Ground Lease Featuring 10% Rental Increases Every 5 Years throughout the Initial Term and Options.
- Within The District at Midtown - A New MixedUse Development in the Heart of the Midtown Retail and Medical Districts at the NEC of Interstate 630.
- Chick-fil-A named the #1 Fast-Food Restaurant in America with Annual Sales of Nearly $19 Billion and Average Sales Per Unit of $9.3 Million.
- Positioned Along Area’s Major Traffic & Retail Corridor - Features Easy Access and Excellent Visibility.
- The Area Enjoys the Densest Daytime Population in the State thanks to four Hospitals, more than 1 Million Sq.ft. of Retail.
Executive Summary
Within The District at Midtown - MixedUse Development | One of the Most Heavily Traveled Intersection in the State based upon Car Counts | Immediate Access to/from I-630 | Densest Daytime Population in the State | Walking Distance 600-Bed Acute-Care Hospital | 1 M Sq.ft. of Retail & 500k Sq.ft. of Medical Office Space all within 2 Miles | Near War Memorial Stadium, Arkansas State Hospital, UAMS and VA Hospital | Brand New 2026 Construction.
Arkansas Broker of Record Steve Greer | 10527 Kentshire Court, Suite B Baton Rouge, LA 70810 | P: (225) 376-6729 | Lic #: PB00098133 | Steve.Greer@MarcusMillichap.com
Arkansas Broker of Record Steve Greer | 10527 Kentshire Court, Suite B Baton Rouge, LA 70810 | P: (225) 376-6729 | Lic #: PB00098133 | Steve.Greer@MarcusMillichap.com
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
5,108 SF
Building Class
B
Year Built
2026
Construction Status
Under Construction
Price
$4,285,714
Price Per SF
$839.02
Cap Rate
3.85%
NOI
$165,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
2.15 AC
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Chick-fil-A
- Retailer
- 5,108 SF
- -
- Triple Net
- Dec 2041
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Chick-fil-A | Retailer | 5,108 SF | - | Triple Net | Dec 2041 |
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 44L-016-01-004-00 | Improvements Assessment | $0 |
| Land Assessment | $309,058 | Total Assessment | $309,058 |
Property Taxes
Parcel Number
44L-016-01-004-00
Land Assessment
$309,058
Improvements Assessment
$0
Total Assessment
$309,058
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