• Broker Judd Dunning 3102618428

16+ Yr STNL Nat Tenant NNN Lease | Retail 3615 N Steele Blvd 26,047 SF Retail Building Fayetteville, AR 72703 $8,250,000 ($316.74/SF) 7% Cap Rate

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INVESTMENT HIGHLIGHTS

  • NNN QSR in Fayetteville, AR
  • New Construction: Built in 2016, expanded in 2021-22 by an additional 40%
  • 5% Escalations: Every 5 years
  • Corporate Lease: Originally 10 years, now 16 years remaining with two 10-year options
  • PE-Backed Nationwide Tenant: GATE 52
  • Prime Location: Includes a restaurant, craft brewery, chain headquarters, and event room

EXECUTIVE SUMMARY

1031 Exchange - New! National Tenant NNN Newer Construction Class A Retail Thriving Live Event STNL Venue | For Sale
DWG Capital Group is pleased to present an exceptional opportunity to invest in GATE 52 (formerly known as SAVELIVE), a newly constructed STNL Class A Retail property, featuring a NNN National Tenant in the thriving tri-city Fayetteville, Arkansas—the proud home of the Razorbacks (University of Arkansas). This high-volume, thriving Class A Quick Service Restaurant (QSR) combines a live concert venue, restaurant, brewery, and headquarters into a single dynamic space. Priced competitively at $8,250,000, this property stands out in the market with a 7% cap rate, making it an attractive option for discerning investors seeking reliable returns.


About The Tenant
GATE 52 benefits from a 20-year corporately guaranteed absolute NNN lease, with 16 years remaining, backed by a robust tenant with a proven track record across eight additional essential locations. This level of security is increasingly rare in today's market, offering peace of mind and stable income for years to come. The lease features 5% escalations every five years, ensuring a steady increase in returns.


Asking price: $8,250,000
7% cap rate
20-year NNN lease
NOI: $577,600 per year
Price per SF: $331 per SF
$1.93 per SF/month rental rate
Lease Term: Originally a 20-year lease with 16 years remaining, including two 10-year renewal options. The first two years were spent expanding 40% of the building with brand-new demand driven construction.

Property Features:
+ Constructed in 2016, expanded in 2021
+ 10,000+ sq ft live venue
+ Popular local and regional attraction
+ Hosted major artists and events

Strategic Location:
Situated at 3615 N. Steele St, Fayetteville, AR 72704, GATE 52 is not just a property; it’s a destination. The building spans 24,925 square feet and is thoughtfully designed to include a restaurant, brewery, headquarters, and concert venue. Originally constructed in 2016 and expanded in 2021, this architecturally striking two-story establishment is positioned perfectly on 3.26 acres of prime real estate. The site enjoys high visibility and foot traffic, enhancing its appeal as a premier investment.

Thriving Urban Market:
Part of the fast-growing Fayetteville/Bentonville/Rodgers NW Arkansas MSA
Home to major employers such as Walmart, JB Hunt, Tyson Chicken, and the University of Arkansas
Ranked 18th in BusinessWeek's list of 25 best affordable suburbs in the American South (2007)
Ranked 24th in Forbes' list of best cities for business and careers (2016)

ATTACHMENTS

Gate52-SaveLive, Fayetteville, AR Sale Flyer

PROPERTY FACTS

Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Bar
Building Size
26,047 SF
Building Class
A
Year Built
2016
Price
$8,250,000
Price Per SF
$316.74
Cap Rate
7%
NOI
$577,500
Tenancy
Single
Building Height
2 Stories
Building FAR
0.18
Lot Size
3.26 AC
Zoning
C-1 - Commercial
Parking
190 Spaces (7.29 Spaces per 1,000 SF Leased)
Frontage
188’ on Steele Blvd

AMENITIES

  • Corner Lot
  • Mezzanine
  • Restaurant
  • Signage
  • Air Conditioning

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE END
  • GATE 52
  • -
  • -
  • -
  • -
TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE END
GATE 52 - - - -

TRAFFIC

COLLECTION STREET CROSS STREET TRAFFIC VOLUME YEAR Distance
Steele Blvd Van Asche Dr, S 6,593 2023 0.07 mi
North Steele Boulevard Van Asche Dr, S 6,714 2025 0.07 mi
North Steele Boulevard - 8,627 2024 0.08 mi
North Steele Boulevard North Steele Boulevard, NW 8,609 2025 0.08 mi
North Shiloh Drive N Northwood Ave, SW 11,314 2025 0.25 mi
Shiloh Dr N Northwood Ave, SW 11,359 2024 0.25 mi
71 N Gregg Ave, W 1,083 2025 0.28 mi
Fulbright Expy N Gregg Ave, W 1,094 2024 0.30 mi
Fulbright Expressway - 44,870 2025 0.31 mi
North Futrall Drive N Wimberly Dr, E 8,151 2025 0.32 mi

NEARBY MAJOR RETAILERS

Orangetheory Fitness
Jazzercise
Starbucks
Cadence Bank
Taziki's Mediterranean Cafe
Buffalo Wild Wings
LongHorn Steakhouse
McAlister's Deli
Logan's Roadhouse
Olive Garden

PROPERTY TAXES

Parcel Number 765-22235-000 Improvements Assessment $1,584,690
Land Assessment $313,600 Total Assessment $1,898,290

PROPERTY TAXES

Parcel Number
765-22235-000
Land Assessment
$313,600
Improvements Assessment
$1,584,690
Total Assessment
$1,898,290

MAP

ADDITIONAL PHOTOS

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  • Listing ID: 33233209

  • Date on Market: 9/19/2024

  • Last Updated: 6/26/2025

  • Address: 3615 N Steele Blvd, Fayetteville, AR 72703