600 Skyline Dr
Conway, AR 72032
MarketPlace Grill · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Recently Executed 10 Year Lease Extension; 8.5+ Years Remaining on Lease Term; 1% Annual Rent Increases with 3 - 5 Year Renewal Options
- Strong Sales Reported: $2.49M in FY 2023; Over 25 Years of Operating History at this Location; Landmark Restaurant in Conway, AR
- Outstanding Population Growth; Nearly 10% Growth in the Last 10 Years; Located along Major Retail Artery Skyline Drive; over 31,000 Vehicles per Day
- NNN Lease; Roof & Structure Replacement Split Equally between Tenant and Landlord
- Situated on 1.99-acre lot; Offering Includes Additional Adjacent 1.68-acre Lot for Future Development
- Excellent Retail Corridor; Neighbor Retailers Include Walmart Super Center, Lowes, Cinemark, Starbucks, Harbor Freight
EXECUTIVE SUMMARY
Excellent 1031 Exchange Property
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
8,364 SF
Building Class
A
Year Built
2000
Price
$3,300,788
Price Per SF
$394.64
Cap Rate
6.85%
NOI
$226,104
Tenancy
Single
Building Height
1 Story
Slab To Slab
14’
Building FAR
0.05
Lot Size
3.67 AC
Zoning
C-2 - Commercial
Parking
130 Spaces (15.54 Spaces per 1,000 SF Leased)
Frontage
294’ on Skyline Dr
AMENITIES
- Corner Lot
- Freeway Visibility
- Pylon Sign
- Restaurant
- Signage
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 710-08187-001C | Improvements Assessment | $296,940 |
| Land Assessment | $117,220 | Total Assessment | $414,160 |
