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27802762
27802763

1636 S 48th St, Springdale, AR 72762

SR
AR PB00078916, CA 02101543 (+42)
ParaSell Inc
RS
MO Missouri 2021023469
IEB Real Estate
AM
MO MO 1999118063
IEB Real Estate
Listed by ParaSell Inc, IEB Real Estate
$3,911,149
227 days on market
Updated 37 days ago

MarketPlace Grill

Details
APN 81530075060
Property Type Retail
Sub Type Restaurant
Square Footage 10,056
Units 110
Cap Rate 6.25%
NOI $244,447
Occupancy 100%
Tenancy Single
Lease Type Modified
Lease Term 10
Lease Expiration 05/31/2031
Remaining Term 5
Rent Bumps Yes
Lease Options Three 5-year
Price per SqFt $389
Class C
Year Built 1995
Year Renovated 2025
Buildings 1
Stories 1
Acreage 1.660
Parking Spaces 110 spaces
Parking Per SqFt 10.94
Investment Type Net Lease
Lease Commencement 05/19/2021
Ground Lease No

Retail | 6.25% CAP | 10,056 SqFt

Marketing description

Marketplace Grill is a high-revenue, family-oriented, single-tenant casual dining restaurant operating under a NNN lease in Springdale, Arkansas. The restaurant has operated as Marketplace Grill continuously for over 30 years at this location since its 1995 construction and was acquired by Clean Plate Restaurants in 2018. Sales at this location are exceptionally strong, supporting a healthy rent-to-sales ratio of below 5%. With more than seven years remaining on the current lease term and clear indicators of the tenant’s long-term commitment, this property offers investors a secure, stable income stream backed by a proven and successful operator. The roof is currently being replaced, and the HVAC system was replaced just a few years ago—with the tenant paying for half of that upgrade. As outlined in the lease, the landlord’s maintenance responsibilities are limited to sharing the cost of roof and HVAC replacements on a 50/50 basis with the tenant. These recent shared investments in property improvements further underscore the tenant’s dedication to the site and its long-term operational commitment.

Investment highlights

Strong Sales

Healthy rent-to-sales ratio below 5%

New HVAC System

Roof Replaced 2025

Long-Term Historical Occupancy

Long-Term Commitment to this Site

Growing Population and Market

Annual Rent Increases

Listing Contacts

SR
AR PB00078916, CA 02101543 (+42)
ParaSell Inc
RS
MO Missouri 2021023469
IEB Real Estate
AM
MO MO 1999118063
IEB Real Estate
Listed by ParaSell Inc, IEB Real Estate

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$244,447.00
$20,370.58/mo

Valuation Metrics

0
DSCR
6.25%
Cap Rate
6.25%
ROI

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Additional Information

Name
Scott Reid
License
PB00078916
Brokerage Phone
(949) 942-6578
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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