Einstein Bros. Bagels 1500 N College Ave 3,036 SF Retail Building Fayetteville, AR 72703 $1,427,000 ($470.03/SF) 6% Cap Rate
INVESTMENT HIGHLIGHTS
- Early 15-Year Double-Net (NN) Lease Extension – Demonstrating Very Strong Commitment to this Location
- Two (2), Five (5)-Year Tenant Renewal Options
- Ten Percent (10%) Rental Increases Occurring Every Five (5) Years
EXECUTIVE SUMMARY
NNN Pro Group is pleased to present the exclusive Listing for an Einstein Bros. Bagels located at 1500 N State Street in Fayetteville, AR. The site consists of roughly 3,063 rentable square feet of building space on estimated 0.06-acre parcel of land. This Einstein Bros. Bagels is subject to a new 15-year double-net (NN) lease extension, which commenced July 1st, 2024. The current annual rent is $85,632 and is scheduled to increase by 10% every 5 years.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
3,036 SF
Building Class
B
Year Built
2010
Price
$1,427,000
Price Per SF
$470.03
Cap Rate
6%
NOI
$85,632
Tenancy
Single
Building Height
1 Story
Building FAR
0.67
Lot Size
0.10 AC
Zoning
C-2 - Dense commercial
Parking
37 Spaces (18.97 Spaces per 1,000 SF Leased)
Frontage
136’ on North College Avenue
AMENITIES
- Balcony
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $911,410 | |
| Land Assessment | $0 | Total Assessment | $911,410 |
