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Restaurant

Dairy Queen w/ Dr-Thru | 2% Annual Increases | Outside Little Rock | 15 Year Abs. Net Sale Leaseback

708 W Grand Ave, Hot Springs (Outside Little Rock), AR 71901

Listing Price: $1,860,200

Cap Rate
6.00%
Tenant Name
Dairy Queen
Years Remaining On Lease
15.0
Gross SF
2,558
Guarantor
Franchisee Guarantee
Rentable SF
2,558
Price/Gross SF
$727.21
Lease Type
Absolute Net
Rent Per Square Feet
$43.63

Investment Overview

Hot Springs is a resort city in the state of Arkansas and the county seat of Garland County. The city is located in the Ouachita Mountains among the U.S. Interior Highlands, and is set among several natural hot springs for which the city is named. As of the 2020 United States Census, the city had a population of 37,930. The center of Hot Springs is the oldest federal reserve in the United States, today preserved as Hot Springs National Park. The hot spring water has been popularly believed for centuries to possess healing properties, and was a subject of legend among several Native American tribes. Following federal protection in 1832, the city developed into a successful spa town. Incorporated January 10, 1851, the city has been home to Major League Baseball spring training, horse racing at Oaklawn Park, the Army and Navy Hospital, and 42nd President Bill Clinton. One of the largest Pentecostal denominations in the United States, the Assemblies of God, traces its beginnings to Hot Springs. Today, much of Hot Springs’ history is preserved by various government entities. Hot Springs National Park is maintained by the National Park Service, including Bathhouse Row, which preserves the eight historic bathhouse buildings and gardens along Central Avenue. Downtown Hot Springs is preserved as the Central Avenue Historic District, listed on the National Register of Historic Places. The city also contains dozens of historic hotels and motor courts, built during the Great Depression in the Art Deco style. Due to the popularity of the thermal waters, Hot Springs benefited from rapid growth.

Investment Highlights

  • 15 Year Absolute Net Sale Leaseback (Zero Landlord Responsibilities) Featuring 2% Annual Rental Increases throughout the Initial Term and Options. This Building Features a Drive-Thru.
  • Positioned Along Area's Major Traffic and Retail Corridor. Features Easy Access and Excellent Visibility via a Large Monument Sign and Significant Street Frontage along E. Grand Avenue.
  • 74+ Years Historical Occupancy as a Dairy Queen. Daily Traffic Counts Exceeding 28k Vehicles.
  • Walking Distance from Hot Springs Convention Center and Bank OZK Arena - the Convention Center ranges all the way from Several Intimate Meeting Rooms all the way to the Bank OZK Arena (Part of the Facility that can accommodate Thousands in attendance). Minutes from Oaklawn Racing Casino Resort - home to "The Racing Festival of the South", a Four-Day Series of Races that concludes with the Arkansas Derby. Top Tourist Attraction in Arkansas and Ranked 5th among Thoroughbred Racetracks in
  • E. Grand Avenue is a Major thoroughfare Leading Directly into I-70 and providing Direct Access into Downtown Little Rock. The Surrounding Highways and Commuter Routes make this an Ideal, Centralized Location with easy Commutes for both Employees and Customers.
  • A Short Drive from National Park Medical Center - a 163-Bed Full-Service Hospital, providing a Comprehensive Range of Medical Services and High Quality Care.
  • The Site is near Numerous Single-Family Communities and Multi-Family Complexes, providing a Direct Residential Consumer for the Site. More than 50k Residents and 33k+ Employees Support the Trade Area.
  • Near Hot Springs Memorial Field (HOT) - an 840-Acre Commercial Airport, one of only Six Commercial Airports in Arkansas. It is the home to 112 Based Aircraft and more than 29k Annual Aircraft Operations. In Close Proximity to Numerous Schools, providing for an Increased Potential Customer Base due to the Daily Commute of Parents, Students, and Teachers.

Exclusively Listed By

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3184

    Email Alvin

    License(s): CA: 01391653, TX: 0606255

    San Diego

Broker of Record

  • Anne Williams

    First Vice President Investments

    (901) 620-3600

    License(s) AR: PB00066390

    Arkansas

Financing By

Restaurant

Dairy Queen w/ Dr-Thru | 2% Annual Increases | Outside Little Rock | 15 Year Abs. Net Sale Leaseback

Listing Price: $1,860,200

Cap Rate
6.00%
Tenant Name
Dairy Queen
Years Remaining On Lease
15.0
Gross SF
2,558
Guarantor
Franchisee Guarantee
Rentable SF
2,558
Price/Gross SF
$727.21
Lease Type
Absolute Net
Rent Per Square Feet
$43.63

Investment Highlights

  • 15 Year Absolute Net Sale Leaseback (Zero Landlord Responsibilities) Featuring 2% Annual Rental Increases throughout the Initial Term and Options. This Building Features a Drive-Thru.
  • Positioned Along Area's Major Traffic and Retail Corridor. Features Easy Access and Excellent Visibility via a Large Monument Sign and Significant Street Frontage along E. Grand Avenue.
  • 74+ Years Historical Occupancy as a Dairy Queen. Daily Traffic Counts Exceeding 28k Vehicles.
  • Walking Distance from Hot Springs Convention Center and Bank OZK Arena - the Convention Center ranges all the way from Several Intimate Meeting Rooms all the way to the Bank OZK Arena (Part of the Facility that can accommodate Thousands in attendance). Minutes from Oaklawn Racing Casino Resort - home to "The Racing Festival of the South", a Four-Day Series of Races that concludes with the Arkansas Derby. Top Tourist Attraction in Arkansas and Ranked 5th among Thoroughbred Racetracks in
  • E. Grand Avenue is a Major thoroughfare Leading Directly into I-70 and providing Direct Access into Downtown Little Rock. The Surrounding Highways and Commuter Routes make this an Ideal, Centralized Location with easy Commutes for both Employees and Customers.
  • A Short Drive from National Park Medical Center - a 163-Bed Full-Service Hospital, providing a Comprehensive Range of Medical Services and High Quality Care.
  • The Site is near Numerous Single-Family Communities and Multi-Family Complexes, providing a Direct Residential Consumer for the Site. More than 50k Residents and 33k+ Employees Support the Trade Area.
  • Near Hot Springs Memorial Field (HOT) - an 840-Acre Commercial Airport, one of only Six Commercial Airports in Arkansas. It is the home to 112 Based Aircraft and more than 29k Annual Aircraft Operations. In Close Proximity to Numerous Schools, providing for an Increased Potential Customer Base due to the Daily Commute of Parents, Students, and Teachers.

Investment Overview

Hot Springs is a resort city in the state of Arkansas and the county seat of Garland County. The city is located in the Ouachita Mountains among the U.S. Interior Highlands, and is set among several natural hot springs for which the city is named. As of the 2020 United States Census, the city had a population of 37,930. The center of Hot Springs is the oldest federal reserve in the United States, today preserved as Hot Springs National Park. The hot spring water has been popularly believed for centuries to possess healing properties, and was a subject of legend among several Native American tribes. Following federal protection in 1832, the city developed into a successful spa town. Incorporated January 10, 1851, the city has been home to Major League Baseball spring training, horse racing at Oaklawn Park, the Army and Navy Hospital, and 42nd President Bill Clinton. One of the largest Pentecostal denominations in the United States, the Assemblies of God, traces its beginnings to Hot Springs. Today, much of Hot Springs’ history is preserved by various government entities. Hot Springs National Park is maintained by the National Park Service, including Bathhouse Row, which preserves the eight historic bathhouse buildings and gardens along Central Avenue. Downtown Hot Springs is preserved as the Central Avenue Historic District, listed on the National Register of Historic Places. The city also contains dozens of historic hotels and motor courts, built during the Great Depression in the Art Deco style. Due to the popularity of the thermal waters, Hot Springs benefited from rapid growth.

Exclusively Listed By

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3184

    Email Alvin

    License(s): CA: 01391653, TX: 0606255

    San Diego

Broker of Record

  • Anne Williams

    First Vice President Investments

    (901) 620-3600

    License(s): AR: PB00066390

    Arkansas

Financing By

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