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Chipotle-Whataburger 2-Tenant Strip 4104 Central Ave 6,549 SF 100% Leased Retail Building Hot Springs National Park, AR 71913 $6,840,070 CAD ($1,044.45 CAD/SF) 6.65% Cap Rate
INVESTMENT HIGHLIGHTS
- 2006 Construction/2024 Renovation. 6,549+/- SF Building on 1.50+/- Acre Site
- Located in a Dense Retail Corridor w/ Strong Occupancy Rate – 100+ National Retailers in Immediate Area
- Whataburger is One of the Fastest Growing QSR Chains in the U.S. – Seen System Sales Expand in Recent Years to $3.34 B
- Located on Central Avenue (32,067+ VPD), Across from Walmart Supercenter
- Chipotle Mexican Grill, Inc. Is the Largest Fast-Casual Restaurant Chain in the U.S w/ $9.87 B in Revenue
- Hot Springs | One of the Top Small Places for Business & Careers in the US (Forbes) | Population: 37,994+
EXECUTIVE SUMMARY
New 15-year Leases w/ Scheduled Rent Increases in Primary Terms – Corporate Chipotle Lease & Experienced Multi-Unit Whataburger Franchisee (15 Unit Operator)
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
6,549 SF
Building Class
A
Year Built/Renovated
2006/2024
Price
$6,840,070 CAD
Price Per SF
$1,044.45 CAD
Cap Rate
6.65%
NOI
$454,804 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.10
Lot Size
1.50 AC
Parking
120 Spaces (10 Spaces per 1,000 SF Leased)
NEARBY MAJOR RETAILERS
The Bistro
PROPERTY TAXES
| Parcel Number | 400-09830-002-000 | Improvements Assessment | $450,008 CAD |
| Land Assessment | $265,604 CAD | Total Assessment | $715,612 CAD |
PROPERTY TAXES
Parcel Number
400-09830-002-000
Land Assessment
$265,604 CAD
Improvements Assessment
$450,008 CAD
Total Assessment
$715,612 CAD
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Chipotle-Whataburger 2-Tenant Strip | 4104 Central Ave
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