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901 E Broadway St
North Little Rock, AR 72114

$1,100,000 USD

General Retail For Sale  •  2,194 SF

Property Details

  • Property Type General Retail
  • Total Building Size 2,194 SF
  • Lot Size 0.62 AC
  • Building Class C
  • Year Built 1999
  • Cap Rate 7.50 %
  • Tenancy Single
  • Zoning Commercial
42 Transit Score
50 Walk Score

Highlights

FORMER TACO BELL DRIVE-THRU FOR SALE OR LEASE
Current Tenant has Operated here for 20 Years and Will Not be Continuing their Lease Creating a Great Opportunity for Investors or Owner-Users
Below Market Rent w/ Short Term Lease: Current Tenant is Paying Approximately 38% Below Market Rent and has Less than 3 Months Remaining
ProForma 7.5% Return: Assuming Conservative Capital Improvements Investors can Achieve Attractive Returns at Market Rent.
Attractive Owner-User Opportunity: Operators can Obtain Attractive SBA Financing with as Little at 10% Down Payment ($109,933)
Dynamic Market & Strong Demographics: Little Rock has Growing Population. This site has over 147,000 population in a 5-Mile Radius with $52,800 HHI

Property Flyers

Financial Summary (Proforma)

Net Operating Income: $82,500 USD (2024)
Cap Rate: 7.50 %

Amenities

  • Pylon Sign
  • Signage
  • Drive Thru

Public Transportation

Commuter RailDriveWalkDistance
Little Rock Union Station (Texas Eagle - Amtrak) 4 min - 2.1 mi
Transit/SubwayDriveWalkDistance
Simmons Arena (To Lr) (Blue Line Streetcar - Rock Region Metro) 1 min 12 min 0.7 mi
Maple St & Broadway St (Blue Line Streetcar - Rock Region Metro) 1 min 13 min 0.7 mi
Main St & 5Th St (Blue Line Streetcar - Rock Region Metro) 1 min 13 min 0.7 mi
Main St & Bishop Lindsey Ave (Blue Line Streetcar - Rock Region Metro) 1 min 15 min 0.8 mi
Maple St & 6Th St (Blue Line Streetcar - Rock Region Metro) 1 min 16 min 0.9 mi
AirportDriveWalkDistance
Bill and Hillary Clinton Ntl/Adams Field 10 min - 6.2 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 28
Type: Surface
Included in Rent: Yes
Blake Robinson 310-909-5485 Marcus & Millichap
Blake Robinson 310-909-5485 Marcus & Millichap