Vacant Drive-Thru - Former Taco Bell 901 E Broadway St

The Ovaness-Rostamian Group of Marcus & Millichap is pleased to present an opportunity to purchase a former drive-thru Taco Bell with significant potential for investors or owner-users. The current tenant has successfully operated at this location for 20 years but will not be continuing their lease, creating a prime opportunity for new ownership.
The tenant is currently paying approximately 38% below market rent and has less than three months remaining on the current lease term. This short-term lease presents a unique chance for investors to capitalize on proforma returns of 7.5% by implementing conservative capital improvements and leasing at market rates.
Owner-user operators can also take advantage of attractive SBA financing options, requiring as little as a 10% down payment (approximately $109,933), enabling the benefits of ownership over renting.
The market in Little Rock, AR, is dynamic and thriving, boasting a vibrant economy and an expanding population. This environment is ideal for Freddy’s Frozen Custard & Steakburgers to tap into the rising consumer demand for quality dining options. Additionally, the city is prioritizing the enhancement of its road infrastructure through the Master Street Plan, which aims to modernize and beautify many of its older roads.
The site benefits from strong demographics, with a population of over 147,000 and more than 119,000 employees within a 5-mile radius. The median household income in this area is $52,800, supporting a solid customer base for future tenants.