Restaurant
Tropical Smoothie Cafe | Little Rock MSA | Kroger Outparcel | 15 Year Absolute NNN Lease
175 E Oak St, Conway (Little Rock MSA), AR 72032
Listing Price: $2,173,913
Investment Overview
Conway is a city in the U.S. state of Arkansas and the county seat of Faulkner County, located in the state's most populous Metropolitan Statistical Area, Central Arkansas. Although considered a suburb of Little Rock, Conway is unusual in that the majority of its residents do not commute out of the city to work. The city also serves as a regional shopping, educational, work, healthcare, sports, and cultural hub for Faulkner County and surrounding areas. Conway's growth can be attributed to its jobs in technology and higher education; among its largest employers being Acxiom, the University of Central Arkansas, Hendrix College, Insight Enterprises, and many technology start up companies. Conway is home to three post-secondary educational institutions, earning it the nickname "The City of Colleges". As of the 2010 census, the city proper had a total population of 58,908, making Conway the eighth-largest city in Arkansas. Central Arkansas, the Little Rock–North Little Rock–Conway, AR Metropolitan Statistical Area, is ranked 75th largest in the United States with 734,622 people in 2016. Conway is part of the larger Little Rock–North Little Rock, AR Combined Statistical Area, which in 2016 had a population of 905,847, and ranked the country's 60th largest CSA.
Tropical Smoothie Cafe | Little Rock MSA | Kroger Outparcel | 15 Year Absolute NNN Lease
Investment Highlights
- 15 Year Absolute Net Sale Leaseback Featuring 10% Rental Increases Every 5 Years throughout the Initial Term & Options. This Location Features a Drive-Thru.
- Positioned Along Area's Major Traffic & Retail Corridor - Features Easy Access and Excellent Visibility with Daily Traffic Counts Exceeding 26k Vehicles. Immediate Access to/from I-40 (58k+ VPD).
- Booming Conway Market - Ranked by CNN Among Top 25 Cities for Job Growth, 14th Best City for Young Professionals by Forbes, 100 Leading Locations: Nearly 41% Growth Since 2000.
- Located in Conway's Densest Retail Corridor. Outparcel to a Kroger Anchored Power Center & near Numerous other National Retailers including Walmart Supercenter, Lowe's, Kroger, Hobby Lobby, Big Lots, Tractor Supply, CVS, Walgreens and many more.
- The Surrounding Area's Population increases during the Day, with more than 7k Daytime Employees working within one Mile of the Property.
- Near Conway Commons - a 654k+ SF Regional Shopping Hub featuring 43+ Stores Anchored by Home Depot, Target, Kohl's, PetSmart, Best Buy, Dick's Sporting Goods and many more.
- Close to Central Landing - a 151-Acre Mixed-Use Redevelopment that will include a $70M 339-Unit Luxury Apartment Complex and a Large Retail Center.
- Minutes from Conway Regional Medical Center - a 150-Bed, Acute Care Medical Center providing complete Health Care services to the growing Communities of North Central Arkansas.
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Restaurant
Tropical Smoothie Cafe | Little Rock MSA | Kroger Outparcel | 15 Year Absolute NNN Lease
Listing Price: $2,173,913
Investment Highlights
- 15 Year Absolute Net Sale Leaseback Featuring 10% Rental Increases Every 5 Years throughout the Initial Term & Options. This Location Features a Drive-Thru.
- Positioned Along Area's Major Traffic & Retail Corridor - Features Easy Access and Excellent Visibility with Daily Traffic Counts Exceeding 26k Vehicles. Immediate Access to/from I-40 (58k+ VPD).
- Booming Conway Market - Ranked by CNN Among Top 25 Cities for Job Growth, 14th Best City for Young Professionals by Forbes, 100 Leading Locations: Nearly 41% Growth Since 2000.
- Located in Conway's Densest Retail Corridor. Outparcel to a Kroger Anchored Power Center & near Numerous other National Retailers including Walmart Supercenter, Lowe's, Kroger, Hobby Lobby, Big Lots, Tractor Supply, CVS, Walgreens and many more.
- The Surrounding Area's Population increases during the Day, with more than 7k Daytime Employees working within one Mile of the Property.
- Near Conway Commons - a 654k+ SF Regional Shopping Hub featuring 43+ Stores Anchored by Home Depot, Target, Kohl's, PetSmart, Best Buy, Dick's Sporting Goods and many more.
- Close to Central Landing - a 151-Acre Mixed-Use Redevelopment that will include a $70M 339-Unit Luxury Apartment Complex and a Large Retail Center.
- Minutes from Conway Regional Medical Center - a 150-Bed, Acute Care Medical Center providing complete Health Care services to the growing Communities of North Central Arkansas.
Investment Overview
Conway is a city in the U.S. state of Arkansas and the county seat of Faulkner County, located in the state's most populous Metropolitan Statistical Area, Central Arkansas. Although considered a suburb of Little Rock, Conway is unusual in that the majority of its residents do not commute out of the city to work. The city also serves as a regional shopping, educational, work, healthcare, sports, and cultural hub for Faulkner County and surrounding areas. Conway's growth can be attributed to its jobs in technology and higher education; among its largest employers being Acxiom, the University of Central Arkansas, Hendrix College, Insight Enterprises, and many technology start up companies. Conway is home to three post-secondary educational institutions, earning it the nickname "The City of Colleges". As of the 2010 census, the city proper had a total population of 58,908, making Conway the eighth-largest city in Arkansas. Central Arkansas, the Little Rock–North Little Rock–Conway, AR Metropolitan Statistical Area, is ranked 75th largest in the United States with 734,622 people in 2016. Conway is part of the larger Little Rock–North Little Rock, AR Combined Statistical Area, which in 2016 had a population of 905,847, and ranked the country's 60th largest CSA.
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