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26366488
26366609

3615 N Steele Blvd, Fayetteville, AR 72704

JD
CA CA 01520854​
DWG Capital Group
CH
CA 02312530
DWG Capital Group
Listed by DWG Capital Group
$8,655,000
1522 days on market
Updated 14 days ago

16+ Yr STNL Corp. Guar. NNN Lease | Class A Retail/Mixed Use

Details
APN 765-22235-000
Property Type Retail
Sub Type Restaurant, Bar (+1)
Square Footage 24,925
Net Rentable (SqFt) 24,925
Cap Rate 7.50%
NOI $577,600
Occupancy 100%
Tenancy Single
Brand/Tenant Gate 52
Lease Type NNN
Lease Term 20
Lease Expiration 01/17/2041
Remaining Term 14.6
Rent Bumps Yes
Lease Options Two 10-Year Options
Price per SqFt $347
Broker Co-Op Yes
Class A
Year Built 2016
Year Renovated 2021
Buildings 1
Stories 2
Acreage 3.260
Zoning C-1
Parking Spaces 190 spaces
Parking Per SqFt 7.62
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 01/17/2021
Occupancy Date 01/17/2021
Ground Lease No
Sale Condition For sale by owner

Thriving Restaurant/Brewery/Live Retail/Mixed Use in College Town w/ NEW Outdoor Pickelball Courts

Marketing description

DWG Capital Group presents the opportunity to acquire Ozark Music Hall, a

purpose-built, Class-A experiential entertainment venue located in the heart of

Fayetteville, Arkansas — one of the fastest-growing metropolitan areas in the

United States. The ±24,925 square foot asset is secured by a long-term Absolute

NNN lease structure, delivering predictable, durable income with zero landlord

responsibilities. Originally constructed in 2016 and significantly expanded in

2021, the property represents a newly built, high-quality venue positioned at the

intersection of retail, entertainment, and hospitality within Northwest Arkansas’

most active commercial corridor.

This acquisition aligns with DWG’s strategy of targeting mission-critical,

experience-driven real estate in structurally advantaged growth markets. With

14+ years remaining on the initial lease term and contractual rent escalations, the

investment offers long-duration cash flow supported by strong demographic

growth, institutional retail adjacency, and limited competitive venue supply in the

region. Ozark Music Hall is not traditional retail — it is social and entertainment

infrastructure embedded in one of America’s most economically resilient secondary

markets.

Ozark Music Hall is a two-story, architecturally distinctive entertainment facility

situated on approximately 3.26 acres at 3615 N Steele Boulevard. The property

was purpose-designed as a high-capacity live music venue and expanded in 2021

with the addition of a 10,000+ square foot enclosed concert hall, creating a year-

round indoor event destination. The venue features a professional-grade 30’ x 23’

stage, integrated LED video wall, premium sound systems, VIP mezzanine

boxes, elevated seating areas, full-service kitchen and bar operations, and

flexible indoor/outdoor activation space.

With a standing capacity exceeding 2,500 guests and 900-seat configuration

capability, the asset functions as a regional entertainment anchor serving

Northwest Arkansas, Southwest Missouri, and Eastern Oklahoma. Significant

capital has been invested into the structural buildout, mechanical systems, and

state-of-the-art audio-visual infrastructure, creating high barriers to entry for

competing venues.

Investment highlights

LONG-TERM LEASE STABILITY

14.5+ years remaining on Absolute NNN

lease delivers passive, predictable cash flow

INFLATION PROTECTION

Contractual 5% rent bumps every 5

years protect purchasing power

INSTITUTIONAL RETAIL LOCATION

Adjacent to Target, Whole Foods, and other

national credit anchors

INSTITUTIONAL EXIT LIQUIDITY

Single-tenant NNN assets attract deep

buyer pools including REITs and 1031

buyers

REPLACEMENT COST PROTECTION

Specialized buildout and venue

infrastructure well above current basis

HIGH BARRIERS TO ENTRY

Zoning restrictions and noise ordinances

limit competitive supply in the market

Listing Contacts

JD
CA CA 01520854​
DWG Capital Group
CH
CA 02312530
DWG Capital Group
Listed by DWG Capital Group

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$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$577,600.00
$48,133.33/mo

Valuation Metrics

0
DSCR
6.67%
Cap Rate
6.67%
ROI

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