• Broker George Renz 4088461031

695 Van Asche Dr 6,346 SF Retail Building Fayetteville, AR 72703 $2,234,000 ($352.03/SF) 6.35% Cap Rate

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INVESTMENT HIGHLIGHTS

  • Excellent High Traffic Location - 32,000 Cars per day
  • 12 minutes from University of Arkansas
  • Surrounded by National Credit Tenants
  • Hwy 71B Frontage
  • 2 Hotels Next Door
  • Absolute NNN

EXECUTIVE SUMMARY

• Next Rent Increase September 2026
• Absolute NET Lease (No Landlord Responsibilities)
• Corporate Guaranty
• Huge 2 Acre Commercial Lot
• Excellent Hwy Frontage
• 8+ years remaining on the lease
• Major Tenant funded renovation in 2016 taking the property to prototype
Location Highlights
• Excellent Hwy Frontage
• High Traffic Location (32,000 Cars Per Day)
• Adjacent to National Credit Tenants
• 2 Hotels Next Door
• 12 minutes from University of Arkansas
• 29 minutes from Walmart Corporate Headquarters

ATTACHMENTS

MP - Red Robin - Feyetteville

PROPERTY FACTS

Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
  • Restaurant
  • General Retail Fast Food
  • General Retail Freestanding
Restaurant
Building Size
6,346 SF
Building Class
B
Year Built/Renovated
2004/2016
Price
$2,234,000
Price Per SF
$352.03
Cap Rate
6.35%
NOI
$141,912
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
2.02 AC
Parking
60 Spaces (4.79 Spaces per 1,000 SF Leased)
Frontage
180’ on Van Asche Dr

AMENITIES

  • 24 Hour Access
  • Food Court
  • Freeway Visibility
  • Property Manager on Site
  • Pylon Sign
  • Restaurant
  • Security System
  • Signalized Intersection
  • Tenant Controlled HVAC
  • Wheelchair Accessible
  • Monument Signage
  • Air Conditioning

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE TYPE
  • LEASE END
  • Accommodation and Food Services
  • 6,346 SF
  • -
  • Triple Net
  • Jul 2033

Red Robin Gourmet Burgers, Inc. is a casual dining restaurant chain founded in 1969 that operates through its wholly-owned subsidiary, Red Robin International, Inc., and under the trade name, Red Robin Gourmet Burgers and Brews. Red Robin Gourmet Burgers, Inc. believes nothing brings people together like burgers and fun around their table, and no one makes moments of connection over crave-able food more memorable than Red Robin. They serve a variety of burgers and mainstream favorites to Guests of all ages in a casual, playful atmosphere. In addition to their many burger offerings, Red Robin serves a wide array of salads, appetizers, entrees, desserts, signature beverages and Donatos® pizza at select locations. It's now easy to enjoy Red Robin anywhere with online ordering available for to-go, delivery and catering. There are Red Robin restaurants across the United States and Canada, including those operating under franchise agreements.

TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE TYPE LEASE END
Accommodation and Food Services 6,346 SF - Triple Net Jul 2033

TRAFFIC

COLLECTION STREET CROSS STREET TRAFFIC VOLUME YEAR Distance
Fulbright Expy N College Ave, NE 31,653 2025 0.07 mi
Fulbright Expy N College Ave, SE 12,077 2025 0.08 mi
Fulbright Expressway Fulbright Expy, SE 12,952 2025 0.09 mi
71 N College Ave, NE 5,470 2025 0.10 mi
Fulbright Expressway N College Ave, SW 14,129 2025 0.13 mi
Fulbright Expy N College Ave, SW 14,293 2024 0.13 mi
71 N Futrall Dr, S 42,217 2023 0.27 mi
Fulbright Expressway - 44,870 2025 0.30 mi
E Joyce Blvd Shiloh Dr, E 24,865 2024 0.43 mi
East Joyce Boulevard Shiloh Dr, E 24,799 2025 0.43 mi

NEARBY MAJOR RETAILERS

Altitude Trampoline Park
Premier Martial Arts
Logan's Roadhouse
Olive Garden
Weight Watchers
The Little Gym
Crunch
Whole Brews Taproom
Starbucks
Red Lobster

PROPERTY TAXES

Parcel Number 765-23453-000 Improvements Assessment $223,140
Land Assessment $282,800 Total Assessment $505,940

PROPERTY TAXES

Parcel Number
765-23453-000
Land Assessment
$282,800
Improvements Assessment
$223,140
Total Assessment
$505,940

MAP

ADDITIONAL PHOTOS

View Photo Main areal 1
  • Listing ID: 35127309

  • Date on Market: 3/13/2025

  • Last Updated: 6/18/2025

  • Address: 695 Van Asche Dr, Fayetteville, AR 72703