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STNL Marketplace Grill | 600 Skyline Drive

600 Skyline Dr, Conway, AR 72032
Available Now
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FOR SALERetail / Fast Food
Cap Rate
7.14%
NOI
$228,365
Building Size
8,364SF
Lot Size
3.67Ac
Year Built
2000
Occupancy
100%
Listing Contacts
Managing Principal

More property details

Tenancy
Single Tenant
Currently Leased
No
Investment
Net Lease
No of Buildings
1
No of Stories
1
Ownership
Fee Simple

Location

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STNL Marketplace Grill | 600 Skyline Drive
About the location

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.

STNL Marketplace Grill | 600 Skyline Drive
8,364 SF · retail · United States · AR