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16+ Yr STNL Nat Tenant NNN Lease | Retail 3615 N Steele Blvd 24,925 SF 4-Star Retail Building Fayetteville, AR 72703 $11,949,613 CAD ($479.42 CAD/SF) 6.67% Cap Rate



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
DWG Capital Group presents the opportunity to acquire Ozark Music Hall, a
purpose-built, Class-A experiential entertainment venue located in the heart of
Fayetteville, Arkansas — one of the fastest-growing metropolitan areas in the
United States. The ±24,925 square foot asset is secured by a long-term Absolute
NNN lease structure, delivering predictable, durable income with zero landlord
responsibilities. Originally constructed in 2016 and significantly expanded in
2021, the property represents a newly built, high-quality venue positioned at the
intersection of retail, entertainment, and hospitality within Northwest Arkansas’
most active commercial corridor.
This acquisition aligns with DWG’s strategy of targeting mission-critical,
experience-driven real estate in structurally advantaged growth markets. With
14+ years remaining on the initial lease term and contractual rent escalations, the
investment offers long-duration cash flow supported by strong demographic
growth, institutional retail adjacency, and limited competitive venue supply in the
region. Ozark Music Hall is not traditional retail — it is social and entertainment
infrastructure embedded in one of America’s most economically resilient secondary
markets.
Ozark Music Hall is a two-story, architecturally distinctive entertainment facility
situated on approximately 3.26 acres at 3615 N Steele Boulevard. The property
was purpose-designed as a high-capacity live music venue and expanded in 2021
with the addition of a 10,000+ square foot enclosed concert hall, creating a year-
round indoor event destination. The venue features a professional-grade 30’ x 23’
stage, integrated LED video wall, premium sound systems, VIP mezzanine
boxes, elevated seating areas, full-service kitchen and bar operations, and
flexible indoor/outdoor activation space.
With a standing capacity exceeding 2,500 guests and 900-seat configuration
capability, the asset functions as a regional entertainment anchor serving
Northwest Arkansas, Southwest Missouri, and Eastern Oklahoma. Significant
capital has been invested into the structural buildout, mechanical systems, and
state-of-the-art audio-visual infrastructure, creating high barriers to entry for
competing venues.
purpose-built, Class-A experiential entertainment venue located in the heart of
Fayetteville, Arkansas — one of the fastest-growing metropolitan areas in the
United States. The ±24,925 square foot asset is secured by a long-term Absolute
NNN lease structure, delivering predictable, durable income with zero landlord
responsibilities. Originally constructed in 2016 and significantly expanded in
2021, the property represents a newly built, high-quality venue positioned at the
intersection of retail, entertainment, and hospitality within Northwest Arkansas’
most active commercial corridor.
This acquisition aligns with DWG’s strategy of targeting mission-critical,
experience-driven real estate in structurally advantaged growth markets. With
14+ years remaining on the initial lease term and contractual rent escalations, the
investment offers long-duration cash flow supported by strong demographic
growth, institutional retail adjacency, and limited competitive venue supply in the
region. Ozark Music Hall is not traditional retail — it is social and entertainment
infrastructure embedded in one of America’s most economically resilient secondary
markets.
Ozark Music Hall is a two-story, architecturally distinctive entertainment facility
situated on approximately 3.26 acres at 3615 N Steele Boulevard. The property
was purpose-designed as a high-capacity live music venue and expanded in 2021
with the addition of a 10,000+ square foot enclosed concert hall, creating a year-
round indoor event destination. The venue features a professional-grade 30’ x 23’
stage, integrated LED video wall, premium sound systems, VIP mezzanine
boxes, elevated seating areas, full-service kitchen and bar operations, and
flexible indoor/outdoor activation space.
With a standing capacity exceeding 2,500 guests and 900-seat configuration
capability, the asset functions as a regional entertainment anchor serving
Northwest Arkansas, Southwest Missouri, and Eastern Oklahoma. Significant
capital has been invested into the structural buildout, mechanical systems, and
state-of-the-art audio-visual infrastructure, creating high barriers to entry for
competing venues.
Property Facts
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Bar
Building Size
24,925 SF
Building Class
A
LoopNet Rating
4 Star
Year Built/Renovated
2016/2021
Price
$11,949,613 CAD
Price Per SF
$479.42 CAD
Cap Rate
6.67%
NOI
$797,469 CAD
Tenancy
Single
Building Height
2 Stories
Building FAR
0.25
Lot Size
2.25 AC
Zoning
C-1 - Commercial
Parking
190 Spaces (7.62 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 | - | - | - | - |
Fairly walkable
50/100
Exceptionally drivable
100/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 765-22235-000 | Improvements Assessment | $2,170,613 CAD |
| Land Assessment | $429,550 CAD | Total Assessment | $2,600,164 CAD |
Property Taxes
Parcel Number
765-22235-000
Land Assessment
$429,550 CAD
Improvements Assessment
$2,170,613 CAD
Total Assessment
$2,600,164 CAD
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16+ Yr STNL Nat Tenant NNN Lease | Retail | 3615 N Steele Blvd
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