Description

This offering presents an outstanding single-tenant investment opportunity with approximately 6.3 years remaining on the lease following a recent early 10-year extension. The lease features steady 1% annual rent escalations and includes three additional 5-year renewal options, structured as a NNN lease with roof and structural replacement costs shared equally between tenant and landlord. The property has demonstrated strong performance, reporting $2.49 million in sales for FY 2023, and benefits from over 25 years of continuous operation as a well-established, landmark restaurant in Conway, Arkansas. Additional income potential is supported by a newly executed long-term billboard lease. The asset sits on a 1.99-acre parcel and includes an adjacent 1.68-acre lot, offering future development upside. Strategically positioned along Skyline Drive, a major retail corridor with traffic exceeding 31,000 vehicles per day, the site is surrounded by prominent national retailers and lies within one of Arkansas’ fastest-growing cities, which has seen nearly 15% population growth since 2020. The area also boasts strong consumer fundamentals, with nearly $100 million in food and alcohol spending within a three-mile radius, and is located near major employers such as Westrock Coffee, home to North America’s largest ready-to-drink coffee manufacturing facility following a $300 million investment.