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708 W Grand Ave 2,558 SF Retail Building Hot Springs National Park, AR 71901 $1,890,000 ($738.86/SF) 6.14% Cap Rate
Executive Summary
This is a phenomenal opportunity to purchase an Absolute Net investment - 15 year lease (approximately 12 years remaining) with 2% annual rental increases and a minimum of three 5 year options.
A 74+ Year historical occupancy along a major thoroughfare.
A 74+ Year historical occupancy along a major thoroughfare.
Property Facts
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,558 SF
Building Class
C
Year Built
1978
Price
$1,890,000
Price Per SF
$738.86
Cap Rate
6.14%
NOI
$116,121
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
0.71 AC
Opportunity Zone
Yes
Zoning
C-2
Parking
16 Spaces (6.25 Spaces per 1,000 SF Leased)
Frontage
102’ on Grand Ave
Amenities
- Restaurant
- Signage
- Drive Thru
Fairly walkable
40/100
Exceptionally drivable
90/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 400-26700-006-000 | Improvements Assessment | $84,010 |
| Land Assessment | $36,570 | Total Assessment | $120,580 |
Property Taxes
Parcel Number
400-26700-006-000
Land Assessment
$36,570
Improvements Assessment
$84,010
Total Assessment
$120,580
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708 W Grand Ave
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