Property History
Marcus & Millichap is pleased to present the opportunity to acquire a freestanding Wendy's drive-thru outparcel to Walmart Supercenter at 1902 Martin Luther King Boulevard in Malvern, Arkansas, the commercial hub of Hot Spring County positioned along Interstate 30 between Little Rock and Arkadelphia. The ±3,466-square-foot restaurant, built in 2005 and renovated in 2024, sits on ±0.82 acres and is secured by an NNN lease with approximately 15 years remaining through February 2041, zero landlord responsibilities, and three (3) five-year renewal options. Annual base rent of $147,250 at a 6.00% cap rate includes 1.5% annual rent increases compounding throughout the full lease term, providing consistent, inflation-protected income growth. The lease is operated and guaranteed by FourJay, LLC, an established ±52-unit Wendy's franchisee with demonstrated operational scale and long-term brand commitment.
The property fronts Martin Luther King Boulevard (±20,072 VPD) at its signalized intersection with Long Street, with Interstate 30 (±50,312 VPD) immediately to the north, and adjacent neighbors including Walmart Supercenter, Burger King, Popeyes, AT&T, Domino's, and Verizon directly surrounding the site. The 5-mile trade area holds 28,555 residents with an average household income of $82,254, supported by Arkansas State University Three Rivers (2,000+ enrollment), which opened an $8 million Nursing Complex in spring 2026 adding significant healthcare workforce and student traffic to the immediate trade area. Malvern's I-30 Industrial Park received a $530,000 state grant in 2026 for shovel-ready site preparation, positioning the corridor for continued employment and commercial growth. The property sits within the Little Rock MSA, home to 774,029 residents and anchored by UAMS, Baptist Health, Dillard's, and Amazon.
- NNN Lease | ±15 Years Remaining Through February 2041 | Zero Landlord Responsibilities
- Three (3) Five-Year Renewal Options | Up to 30 Years of Total Term
- 1.5% Annual Rent Increases Compounding Throughout Full Lease Term | $147,250 NOI at 6.00% CAP
- Guaranteed by FourJay, LLC | Established ±52-Unit Wendy's Franchisee
- Outparcel to Walmart Supercenter | Adjacent to Burger King, Popeyes, AT&T, Domino's, Verizon
- MLK Blvd Frontage | ±20,072 VPD | Signalized Intersection | Direct Access to I-30 (±50,312 VPD)
- 2024 Renovation | Updated to Current Wendy's Prototype Standards
- Arkansas State University Three Rivers (2,000+ Enrollment) | $8M Nursing Complex Opened Spring 2026
- 5-Mile Demographics: 28,555 Residents | $82,254 Avg. HH Income
- Little Rock MSA: 774,029 Population | $101,685 Avg. HH Income | Central Arkansas State Capital Market
Marcus & Millichap is pleased to present the opportunity to acquire a freestanding Wendy's drive-thru outparcel to Walmart Supercenter at 1902 Martin Luther King Boulevard in Malvern, Arkansas, the commercial hub of Hot Spring County positioned along Interstate 30 between Little Rock and Arkadelphia. The ±3,466-square-foot restaurant, built in 2005 and renovated in 2024, sits on ±0.82 acres and is secured by an NNN lease with approximately 15 years remaining through February 2041, zero landlord responsibilities, and three (3) five-year renewal options. Annual base rent of $147,250 at a 6.00% cap rate includes 1.5% annual rent increases compounding throughout the full lease term, providing consistent, inflation-protected income growth. The lease is operated and guaranteed by FourJay, LLC, an established ±52-unit Wendy's franchisee with demonstrated operational scale and long-term brand commitment.
The property fronts Martin Luther King Boulevard (±20,072 VPD) at its signalized intersection with Long Street, with Interstate 30 (±50,312 VPD) immediately to the north, and adjacent neighbors including Walmart Supercenter, Burger King, Popeyes, AT&T, Domino's, and Verizon directly surrounding the site. The 5-mile trade area holds 28,555 residents with an average household income of $82,254, supported by Arkansas State University Three Rivers (2,000+ enrollment), which opened an $8 million Nursing Complex in spring 2026 adding significant healthcare workforce and student traffic to the immediate trade area. Malvern's I-30 Industrial Park received a $530,000 state grant in 2026 for shovel-ready site preparation, positioning the corridor for continued employment and commercial growth. The property sits within the Little Rock MSA, home to 774,029 residents and anchored by UAMS, Baptist Health, Dillard's, and Amazon.
- NNN Lease | ±15 Years Remaining Through February 2041 | Zero Landlord Responsibilities
- Three (3) Five-Year Renewal Options | Up to 30 Years of Total Term
- 1.5% Annual Rent Increases Compounding Throughout Full Lease Term | $147,250 NOI at 6.00% CAP
- Guaranteed by FourJay, LLC | Established ±52-Unit Wendy's Franchisee
- Outparcel to Walmart Supercenter | Adjacent to Burger King, Popeyes, AT&T, Domino's, Verizon
- MLK Blvd Frontage | ±20,072 VPD | Signalized Intersection | Direct Access to I-30 (±50,312 VPD)
- 2024 Renovation | Updated to Current Wendy's Prototype Standards
- Arkansas State University Three Rivers (2,000+ Enrollment) | $8M Nursing Complex Opened Spring 2026
- 5-Mile Demographics: 28,555 Residents | $82,254 Avg. HH Income
- Little Rock MSA: 774,029 Population | $101,685 Avg. HH Income | Central Arkansas State Capital Market
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