2031 Oliver Lancaster Blvd Blvd, Malvern, AR 72104
2,540 SF | Retail Building | Malvern, AR 72104 | $2,838,533 ($1,118/SF) | 6% Cap Rate
For Sale
Active
Asking Price $2,838,533
- Property Type
-
Retail
- Square Feet
- 2,540 SF
- Price / Square Foot
- $1,118
Listing Contacts
Christopher Bosworth
Thomas Carr
Brian Pfohl
Nick Garavaglia
Kaitlyn Wolf
Leah Lindell
Abby Kelly
Property Overview
The CBRE Net Lease Property Group is pleased to offer for sale the 2,540-square-foot Starbucks Coffee situated on 0.93 acres in Malvern, Arkansas — part of the larger Hot Springs, AR MSA (MSA Population: 100,004). Recently constructed, Starbucks’ net lease commenced in May 2024 and features ±9.7 years of term remaining with 7.5% rent increases in year 6 and in each of the four, 5-year renewal options. This Malvern location will be the first freestanding Starbucks along I-30 for those traveling from Texarkana (99 miles southwest) towards Little Rock. The store will enjoy limited competition as the nearest freestanding Starbucks are in Hot Springs (18 miles northwest) and Benton (20 miles northeast).
Property Details
- Year Built
- 2024
- Stories
- 1
- Lot Size (sq. ft)
- 40,511 SF
Highlights
- Net Lease | Recently Constructed | 7.5% Rent Increases in Year 6 & in Each of the Four, 5-Year Renewal Options
- Limited Competition | First Freestanding Starbucks Location Along I-30
- 44 Miles SW of Downtown Little Rock | Along Oliver Lancaster Blvd (20,000 VPD) | Feet From I-30 (44,000 VPD)
- Investment Grade Tenant | Starbucks Corporation (NASDAQ: SBUX, S&P: BBB+)
- Hot Springs, AR MSA | MSA Population 101,004
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