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Chipotle-Whataburger 2-Tenant Strip 4104 Central Ave

6,549 SF 100% Leased Retail Building Hot Springs National Park, AR 71913 $5,712,000 ($872/SF) 5.75% Cap Rate

Restaurants Arkansas Hot Springs National Park 4104 Central Ave, Hot Springs National Park, AR 71913

Investment Highlights

  • 2006 Construction/2024 Renovation. 6,549+/- SF Building on 1.50+/- Acre Site
  • Located in a Dense Retail Corridor w/ Strong Occupancy Rate – 100+ National Retailers in Immediate Area
  • Whataburger is One of the Fastest Growing QSR Chains in the U.S. – Seen System Sales Expand in Recent Years to $3.34 B
  • Located on Central Avenue (32,067+ VPD), Across from Walmart Supercenter
  • Chipotle Mexican Grill, Inc. Is the Largest Fast-Casual Restaurant Chain in the U.S w/ $9.87 B in Revenue
  • Hot Springs | One of the Top Small Places for Business & Careers in the US (Forbes) | Population: 37,994+

Executive Summary

New 15-year Leases w/ Scheduled Rent Increases in Primary Terms – Corporate Chipotle Lease & Experienced Multi-Unit Whataburger Franchisee (15 Unit Operator)

Attachments

SECURE NET LEASE OM

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
6,549 SF
Building Class
A
Year Built/Renovated
2006/2024
Price
$5,712,000
Price Per SF
$872
Cap Rate
5.75%
NOI
$328,440
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.10
Lot Size
1.50 AC

Links

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Nearby Major Retailers

First Security Bank
Olive Garden Italian Rstrnt
Buffalo Wild Wings
Anytime Fitness
Bank OZK
Starbucks
Mcalister's Deli
Applebee's
Kroger Fuel Center
Regions Bank

PROPERTY TAXES

Parcel Number 103777 Improvements Assessment $228,950
Land Assessment $189,000 Total Assessment $417,950

PROPERTY TAXES

Parcel Number
103777
Land Assessment
$189,000
Improvements Assessment
$228,950
Total Assessment
$417,950
(713) 263-3981

Contacts

  • Listing ID: 33777594

  • Date on Market: 11/6/2024

  • Last Updated:

  • Address: 4104 Central Ave, Hot Springs National Park, AR 71913

More public record information on 4104 Central Ave, Hot Springs National Park, AR 71913

The Retail Property at 4104 Central Ave, Hot Springs National Park, AR 71913 is currently available for sale. Contact Secure Net Lease for more information.

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Chipotle-Whataburger 2-Tenant Strip | 4104 Central Ave
(713) 263-3981 x

Chipotle-Whataburger 2-Tenant Strip | 4104 Central Ave

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Edward Benton

(713) 263-3981

(713) 263-3981

Bob Moorhead

(214) 915-8890

(214) 915-8890

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