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Restaurant

Starbucks with Drive-Thru | Little Rock | New Construction | Excellent Real Estate on Hard Corner

13820 David O Dodd Rd, Little Rock, AR 72210

Listing Price: $2,587,000

Cap Rate
5.00%
Tenant Name
Starbucks
Years Remaining On Lease
8.8
Gross SF
2,200
Guarantor
Corporate Guarantee
Rentable SF
2,200
Price/Gross SF
$1,175.91
Lease Type
Double Net
Rent Per Square Feet
$58.80

Investment Overview

Little Rock is the capital and most populous city of the U.S. state of Arkansas. The city’s population was 202,591 in 2020 according to the United States Census Bureau. The six-county Little Rock–North Little Rock–Conway, AR Metropolitan Statistical Area (MSA) is ranked 78th in terms of population in the United States with 738,344 residents according to the 2017 estimate by the United States Census Bureau. Little Rock is a cultural, economic, government, and transportation center within Arkansas and the South. Several cultural institutions are in Little Rock, such as the Arkansas Museum of Fine Arts, the Arkansas Repertory Theatre, the Arkansas Symphony Orchestra, and the Mosaic Templars Cultural Center, in addition to hiking, boating, and other outdoor recreational opportunities. Little Rock’s history is available through history museums, historic districts or neighborhoods of Little Rock like the Quapaw Quarter, and historic sites such as Little Rock Central High School. The city is the headquarters of Dillard’s, Windstream Communications, Acxiom, Stephens Inc., University of Arkansas for Medical Sciences, Heifer International, Winrock International, the Clinton Foundation, and the Rose Law Firm. Other corporations, such as Amazon, Dassault Falcon Jet, LM Wind Power, Simmons Bank, Euronet Worldwide, AT&T, and Entergy have large operations in the city. State government is a large employer, with many offices downtown. Two major Interstate highways, Interstate 30 and Interstate 40, meet in Little Rock, with the Port of Little Rock serving as a shipping hub.

Investment Highlights

  • Starbucks w/ Drive-Thru Featuring 7.5% Rental Increases Every 5 Years Throughout the Initial Term and at Each Option. Brand New 2022 High Quality Construction.
  • Positioned Along Area's Retail & Traffic Corridor. Signalized Hard Corner Location - Features Easy Access & Excellent Visibility with Daily Combined Traffic Counts Exceeding 31k Vehicles.
  • Strong Daytime Employment Area - In Close Proximity to Numerous Car Dealerships, Retailers and Regional Office Spaces within Walking Distance or a Short Drive.
  • Starbucks has a S&P Investment Grade Credit Rating of "BBB+" and is Ranked #120 on the Fortune 500 List with an Annual Revenue of more than $32.25 Billion.
  • Surrounded by Numerous Car Dealerships and Auto Service Centers including Honda, Subaru, Acura, Mercedes, Mazda, Hyundai, BMW, Nissan, Ford, Volkswagen and many more.
  • The Site Benefits from its Close Proximity to Downtown Little Rock - Home to a Variety of Museums, Theaters, Music Venues, and Restaurants, Providing Residents and Visitors with a Wide Range of Activities to Enjoy.
  • Minutes from Baptist Health Medical Center Little Rock - Arkansas' largest hospital, with 843 inpatient beds. It is the flagship hospital campus of health system Baptist Health. A Short Drive from Shackleford Crossings - A 575k+ SF Regional Retail Development, Anchored by a Walmart Supercenter, Haverty's and JC Penney.
  • Located in a High-Growth Corridor of Little Rock, allowing it to Capitalize on the Area's Major Employment & Retail Centers.

Exclusively Listed By

Broker of Record

  • Anne Williams

    First Vice President Investments

    (901) 620-3600

    License(s) AR: PB00066390

    Arkansas

Financing By

Restaurant

Starbucks with Drive-Thru | Little Rock | New Construction | Excellent Real Estate on Hard Corner

Listing Price: $2,587,000

Cap Rate
5.00%
Tenant Name
Starbucks
Years Remaining On Lease
8.8
Gross SF
2,200
Guarantor
Corporate Guarantee
Rentable SF
2,200
Price/Gross SF
$1,175.91
Lease Type
Double Net
Rent Per Square Feet
$58.80

Investment Highlights

  • Starbucks w/ Drive-Thru Featuring 7.5% Rental Increases Every 5 Years Throughout the Initial Term and at Each Option. Brand New 2022 High Quality Construction.
  • Positioned Along Area's Retail & Traffic Corridor. Signalized Hard Corner Location - Features Easy Access & Excellent Visibility with Daily Combined Traffic Counts Exceeding 31k Vehicles.
  • Strong Daytime Employment Area - In Close Proximity to Numerous Car Dealerships, Retailers and Regional Office Spaces within Walking Distance or a Short Drive.
  • Starbucks has a S&P Investment Grade Credit Rating of "BBB+" and is Ranked #120 on the Fortune 500 List with an Annual Revenue of more than $32.25 Billion.
  • Surrounded by Numerous Car Dealerships and Auto Service Centers including Honda, Subaru, Acura, Mercedes, Mazda, Hyundai, BMW, Nissan, Ford, Volkswagen and many more.
  • The Site Benefits from its Close Proximity to Downtown Little Rock - Home to a Variety of Museums, Theaters, Music Venues, and Restaurants, Providing Residents and Visitors with a Wide Range of Activities to Enjoy.
  • Minutes from Baptist Health Medical Center Little Rock - Arkansas' largest hospital, with 843 inpatient beds. It is the flagship hospital campus of health system Baptist Health. A Short Drive from Shackleford Crossings - A 575k+ SF Regional Retail Development, Anchored by a Walmart Supercenter, Haverty's and JC Penney.
  • Located in a High-Growth Corridor of Little Rock, allowing it to Capitalize on the Area's Major Employment & Retail Centers.

Investment Overview

Little Rock is the capital and most populous city of the U.S. state of Arkansas. The city’s population was 202,591 in 2020 according to the United States Census Bureau. The six-county Little Rock–North Little Rock–Conway, AR Metropolitan Statistical Area (MSA) is ranked 78th in terms of population in the United States with 738,344 residents according to the 2017 estimate by the United States Census Bureau. Little Rock is a cultural, economic, government, and transportation center within Arkansas and the South. Several cultural institutions are in Little Rock, such as the Arkansas Museum of Fine Arts, the Arkansas Repertory Theatre, the Arkansas Symphony Orchestra, and the Mosaic Templars Cultural Center, in addition to hiking, boating, and other outdoor recreational opportunities. Little Rock’s history is available through history museums, historic districts or neighborhoods of Little Rock like the Quapaw Quarter, and historic sites such as Little Rock Central High School. The city is the headquarters of Dillard’s, Windstream Communications, Acxiom, Stephens Inc., University of Arkansas for Medical Sciences, Heifer International, Winrock International, the Clinton Foundation, and the Rose Law Firm. Other corporations, such as Amazon, Dassault Falcon Jet, LM Wind Power, Simmons Bank, Euronet Worldwide, AT&T, and Entergy have large operations in the city. State government is a large employer, with many offices downtown. Two major Interstate highways, Interstate 30 and Interstate 40, meet in Little Rock, with the Port of Little Rock serving as a shipping hub.

Exclusively Listed By

Broker of Record

  • Anne Williams

    First Vice President Investments

    (901) 620-3600

    License(s): AR: PB00066390

    Arkansas

Financing By

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