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CHEDDAR'S (DARDEN | NYSE: DRI) | ABSOLUTE NET Janet Dr & Beebe Capps Expy 6,181 SF Retail Building Searcy, AR 72143 $4,699,943 CAD ($760.39 CAD/SF) 5.50% Cap Rate
Investment Highlights
- Absolute Net Lease Featuring 10% Rental Increases Every 5 Years throughout the Initial Term and Options. Brand New 2026 High Quality Construction.
- Cheddars Scratch Kitchen is a Nationally Recognized Concept Known for High Volume Operations, Broad Demographic Appeal, and Strong Customer Loyalty.
- Positioned Directly across from the Planned Target Anchored Development Opening 2026 driving Significant New Retail Traffic & National Tenant Synergy.
- Strategically Positioned Adjacent to U.S. Highway 67/167 with Immediate On Ramp Access, providing Exceptional Visibility.
- Subsidiary of Darden Restaurants, Inc. (NYSE: DRI), an Investment Grade Rated Company featuring approximately $11+ Billion in Annual Revenue.
- Surrounded by National Retailers including Academy Sports Outdoors, TJ Maxx, Ulta, ALDI, Atwoods, and Hobby Lobby, and many more.
Executive Summary
Cheddar’s Scratch Kitchen (Darden) | Absolute Net Lease | Brand New 2026 Construction | New Prototype w/ Cheddar’s To Go | Directly Across from Planned Target Anchored Development | Adjacent to U.S. Hwy 67/167 | University Town with Large Student population - within One Mile of Harding University | Strong Daytime Population | One of the Fastest Growing Cities in Arkansas
Arkansas Broker of Record: Steve Greer | 10527 Kentshire Court, Suite B Baton Rouge, LA 70810 | P: (225) 376-6729 | Lic #: PB00098133 | Steve.Greer@MarcusMillichap.com
Arkansas Broker of Record: Steve Greer | 10527 Kentshire Court, Suite B Baton Rouge, LA 70810 | P: (225) 376-6729 | Lic #: PB00098133 | Steve.Greer@MarcusMillichap.com
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
6,181 SF
Building Class
B
Year Built
2026
Construction Status
Proposed
Price
$4,699,943 CAD
Price Per SF
$760.39 CAD
Cap Rate
5.50%
NOI
$258,497 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
1.86 AC
Opportunity Zone
Yes
Zoning
C-4
Frontage
253’ on Joan Drive
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Cheddar’s Scratch Kitchen
- Retailer
- 6,181 SF
- -
- Triple Net
- Jul 2036
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Cheddar’s Scratch Kitchen | Retailer | 6,181 SF | - | Triple Net | Jul 2036 |
Space Availability
- Space
- Size
- Space Use
- Position
- Available
Retail space available.
| Space | Size | Space Use | Position | Available |
| 1st Floor | 9,000 SF | Retail | - | To Be Determined |
1st Floor
| Size |
| 9,000 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| To Be Determined |
1st Floor
| Size | 9,000 SF |
| Space Use | Retail |
| Position | - |
| Available | To Be Determined |
Retail space available.
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 016-10624-000 | Improvements Assessment | $0 CAD |
| Land Assessment | $462,546 CAD | Total Assessment | $462,546 CAD |
Property Taxes
Parcel Number
016-10624-000
Land Assessment
$462,546 CAD
Improvements Assessment
$0 CAD
Total Assessment
$462,546 CAD
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CHEDDAR'S (DARDEN | NYSE: DRI) | ABSOLUTE NET | Janet Dr & Beebe Capps Expy
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