George Renz 4088461031

695 Van Asche Dr 6,346 SF Retail Building Fayetteville, AR 72703 $2,365,000 ($372.68/SF) 6% Cap Rate

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

• 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

MP - Red Robin - Fayetteville

PROPERTY FACTS

Sale Type

Investment NNN

Sale Condition

1031 Exchange

Property Type

Retail

Property Subtype

Restaurant

Building Size

6,346 SF

Building Class

Year Built/Renovated

2004/2016

Price

$2,365,000

Price Per SF

$372.68

Cap Rate

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

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	31,362	2022	0.07 mi
Fulbright Expy	N College Ave, SE	12,011	2022	0.08 mi
Fulbright Expressway	-	12,944	2022	0.09 mi
71	N College Ave, NE	5,500	2020	0.10 mi
Fulbright Expressway	N College Ave, SW	13,974	2022	0.13 mi
Fulbright Expy	N College Ave, SW	14,104	2021	0.13 mi
71	N Futrall Dr, S	39,859	2022	0.27 mi
E Joyce Blvd	Mall Ave, W	24,000	2017	0.42 mi
EJOYCEBLVD	Shiloh Dr, E	24,000	2020	0.43 mi
E Joyce Blvd	Shiloh Dr, E	24,552	2021	0.43 mi