3513 E Race Ave | Searcy, AR 72143
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- LoopNet Team
3513 E Race Ave
Searcy, AR 72143
IHOP Restaurant · Retail Property For Sale
Investment Highlights
- List Price of $2,849,032 yielding a 7.76% Cap Rate
- Foot Traffic Data: Top 88th Percentile in the county and #1 store within a 50-mile radius over the trailing 12 months (Placer.ai)
- Absolute Triple-Net Lease (NNN) – No Landlord Responsibilities
- Original 20-Year Lease with +/- 3.70 Years Remaining on the Primary Term, and One, 10-Year Option to extend
- Phenomenal Location: Walmart Supercenter Pad site with neighboring tenants including McDonald’s, and Lowe’s. Chick-fil-A, Dominos, Planet Fitness
- Excellent Visibility: Located directly next to the offramp for U.S. Hwy 67 (27,000+ VPD) and Race Ave (22,000 VPD)
PROPERTY FACTS
Property Type
Retail
Property Subtype
Restaurant
Building Size
4,993 SF
Building Class
C
Year Built
2006
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
0.83 AC
PROPERTY TAXES
| Parcel Number | 016-09916-002-A | Improvements Assessment | $82,530 |
| Land Assessment | $88,860 | Total Assessment | $171,390 |
PROPERTY TAXES
Parcel Number
016-09916-002-A
Land Assessment
$88,860
Improvements Assessment
$82,530
Total Assessment
$171,390
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