Starbucks: Malvern, AR | 2031 Oliver Lancaster Boulevard blvd
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Starbucks: Malvern, AR 2031 Oliver Lancaster Boulevard blvd
2,540 SF Retail Building Malvern, AR 72104 $2,725,000 ($1,073/SF) 6.25% Cap Rate
Investment Highlights
- Net Lease | Recently Constructed | 7.5% Rent Increases in Year 6 & in Each of the Four, 5-Year Renewal Options
- 44 Miles SW of Downtown Little Rock | Along Oliver Lancaster Blvd (20,000 VPD) | Feet From I-30 (44,000 VPD)
- Hot Springs, AR MSA | MSA Population 101,004
- Limited Competition | First Freestanding Starbucks Location Along I-30
- Investment Grade Tenant | Starbucks Corporation (NASDAQ: SBUX, S&P: BBB+)
Executive Summary
The CBRE Net Lease Property Group is pleased to offer for sale the 2,540-square-foot Starbucks Coffee situated on 0.93 acres in Malvern, Arkansas — part of the larger Hot Springs, AR MSA (MSA Population: 100,004). Recently constructed, Starbucks’ net lease commenced in May 2024 and features ±9.4 years of term remaining with 7.5% rent increases in year 6 and in each of the four, 5-year renewal options. This Malvern location is the first freestanding Starbucks along I-30 for those traveling from Texarkana (99 miles southwest) towards Little Rock. The store enjoys limited competition as the nearest freestanding Starbucks are in Hot Springs (18 miles northwest) and Benton (20 miles northeast).
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
2,540 SF
Building Class
C
Year Built
2024
Price
$2,725,000
Price Per SF
$1,073
Cap Rate
6.25%
NOI
$170,312
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
0.93 AC
Opportunity Zone
Yes
Zoning
C-I - Commercial
Parking
13.39 Spaces per 1,000 SF Leased
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 700-05884-001 | Improvements Assessment | $41,855 |
| Land Assessment | $27,050 | Total Assessment | $68,905 |
PROPERTY TAXES
Parcel Number
700-05884-001
Land Assessment
$27,050
Improvements Assessment
$41,855
Total Assessment
$68,905
Contacts
-
Christopher Bosworth -
Thomas Carr -
Brian Pfohl -
Nick Garavaglia -
Kaitlyn Wolf -
Leah Lindell -
Abby Kelly -
CBRE, Inc.
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Starbucks: Malvern, AR | 2031 Oliver Lancaster Boulevard blvd
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