Skip to main content

Net Lease

Custom Metal Manufacturing Facility | Little Rock MSA | Below Replacement Cost | NNN w/ 2% Increases

600 Dave Ward Dr, Conway (Little Rock MSA), AR 72034

Listing Price: $12,935,000

Cap Rate
7.75%
Gross SF
427,198
Price/Gross SF
$30.28
Lot Size
31.00 acres
Year Built
1954
Rentable SF
427,198

Investment Overview

Conway, Arkansas, is a vibrant city located in the central part of the state, approximately 30 miles northwest of Little Rock. Known as the “City of Colleges,” Conway is home to three institutions of higher learning: the University of Central Arkansas, Hendrix College, and Central Baptist College. This concentration of educational institutions contributes to the city’s youthful energy and cultural richness.

The University of Central Arkansas (UCA) is the largest of the three, offering a wide range of undergraduate and graduate programs. Hendrix College, a private liberal arts institution, is renowned for its rigorous academics and vibrant campus life. Central Baptist College provides a faith-based education with a focus on liberal arts. The presence of these colleges fosters a dynamic community with numerous cultural events, lectures, and performances open to the public.

Conway’s economy is diverse, with sectors ranging from education and healthcare to technology and manufacturing. The city has attracted several tech companies, earning it a spot in the burgeoning “Silicon Prairie” of the United States. This economic diversity has contributed to steady growth and a resilient job market.

Transportation in Conway is facilitated by its location along Interstate 40, providing easy access to Little Rock and other parts of the state. The city’s public transportation system, Conway Corporation, offers bus services that cater to the needs of residents and visitors alike.

Education is a cornerstone of the community, with the Conway Public School District recognized for its commitment to excellence. The city’s emphasis on education extends beyond the classroom, with numerous libraries, museums, and cultural institutions enriching the community.

Investment Highlights

  • 14+ Year Absolute Net Lease Featuring 2% Annual Rental Increases throughout the Initial Term and Options. Roof Replaced in 2023-2024. Below Market Rent and Large 31 Acre Lot.
  • Location Utilized as a Full-Service Facility, Stamping, Fabrication, Welding, Assembly, and has Wet-on-Wet paint line.
  • Part of the PILOT Program - Payment in Lieu of Taxes, can provide Significant Tax Savings during the Lease Term for the Tenant.
  • DBG Specializes in Custom Metal Manufacturing, delivering Components and Value-Added Services to OEMs Across Automotive, Commercial Vehicle, Military, Agricultural, Construction, and Consumer Industries.
  • In Close Proximity to University of Central Arkansas - The University is one of the oldest in Arkansas. It has 10k+ Graduate and Undergraduate Students, making it one of the Largest Universities in the State.
  • Positioned Along Conway's High-Traffic Arterial Corridor: Features Easy Access & Excellent Visibility. In Close Proximity to Interstate-40, enhancing Regional Connectivity and Logistics Efficiency.
  • Conway has Experienced Significant Growth, leading to the Development of new Residential Areas and Commercial Establishments. It is the fastest growing City over 50k in Arkansas for a 2nd year and now the 38th fastest growing city in the U.S.
  • Strong Daytime Employment Area - Surrounded by Numerous Established Distribution Centers, Industrial & Manufacturing Plants. Large Base of Employees w/in Walking Distance or a Short Drive.

Exclusively Listed By

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3184

    Email Alvin

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

    San Diego Downtown

  • Jon Talia

    Managing Director Investments

    (858) 373-3186

    Email Jon

    License(s): CA: 02031343

    San Diego Downtown

Broker of Record

  • Steve Greer

    Senior Director Investments

    (225) 376-6729

    License(s) AR: PB00098133

    Arkansas

Financing By

Net Lease

Custom Metal Manufacturing Facility | Little Rock MSA | Below Replacement Cost | NNN w/ 2% Increases

Listing Price: $12,935,000

Cap Rate
7.75%
Gross SF
427,198
Price/Gross SF
$30.28
Lot Size
31.00 acres
Year Built
1954
Rentable SF
427,198

Investment Highlights

  • 14+ Year Absolute Net Lease Featuring 2% Annual Rental Increases throughout the Initial Term and Options. Roof Replaced in 2023-2024. Below Market Rent and Large 31 Acre Lot.
  • Location Utilized as a Full-Service Facility, Stamping, Fabrication, Welding, Assembly, and has Wet-on-Wet paint line.
  • Part of the PILOT Program - Payment in Lieu of Taxes, can provide Significant Tax Savings during the Lease Term for the Tenant.
  • DBG Specializes in Custom Metal Manufacturing, delivering Components and Value-Added Services to OEMs Across Automotive, Commercial Vehicle, Military, Agricultural, Construction, and Consumer Industries.
  • In Close Proximity to University of Central Arkansas - The University is one of the oldest in Arkansas. It has 10k+ Graduate and Undergraduate Students, making it one of the Largest Universities in the State.
  • Positioned Along Conway's High-Traffic Arterial Corridor: Features Easy Access & Excellent Visibility. In Close Proximity to Interstate-40, enhancing Regional Connectivity and Logistics Efficiency.
  • Conway has Experienced Significant Growth, leading to the Development of new Residential Areas and Commercial Establishments. It is the fastest growing City over 50k in Arkansas for a 2nd year and now the 38th fastest growing city in the U.S.
  • Strong Daytime Employment Area - Surrounded by Numerous Established Distribution Centers, Industrial & Manufacturing Plants. Large Base of Employees w/in Walking Distance or a Short Drive.

Investment Overview

Conway, Arkansas, is a vibrant city located in the central part of the state, approximately 30 miles northwest of Little Rock. Known as the “City of Colleges,” Conway is home to three institutions of higher learning: the University of Central Arkansas, Hendrix College, and Central Baptist College. This concentration of educational institutions contributes to the city’s youthful energy and cultural richness. The University of Central Arkansas (UCA) is the largest of the three, offering a wide range of undergraduate and graduate programs. Hendrix College, a private liberal arts institution, is renowned for its rigorous academics and vibrant campus life. Central Baptist College provides a faith-based education with a focus on liberal arts. The presence of these colleges fosters a dynamic community with numerous cultural events, lectures, and performances open to the public. Conway’s economy is diverse, with sectors ranging from education and healthcare to technology and manufacturing. The city has attracted several tech companies, earning it a spot in the burgeoning “Silicon Prairie” of the United States. This economic diversity has contributed to steady growth and a resilient job market. Transportation in Conway is facilitated by its location along Interstate 40, providing easy access to Little Rock and other parts of the state. The city’s public transportation system, Conway Corporation, offers bus services that cater to the needs of residents and visitors alike. Education is a cornerstone of the community, with the Conway Public School District recognized for its commitment to excellence. The city’s emphasis on education extends beyond the classroom, with numerous libraries, museums, and cultural institutions enriching the community.

Exclusively Listed By

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3184

    Email Alvin

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

    San Diego Downtown

  • Jon Talia

    Managing Director Investments

    (858) 373-3186

    Email Jon

    License(s): CA: 02031343

    San Diego Downtown

Broker of Record

  • Steve Greer

    Senior Director Investments

    (225) 376-6729

    License(s): AR: PB00098133

    Arkansas

Financing By

MM Texture Background
MM Textured Background Lower