MarketPlace Grill at 600 Skyline Drive in Conway, Arkansas is a corporate owned restaurant property for sale with a 10-year NN+ leases. MarketPlace Grill is an award-winning restaurant with historical occupancy of 20+ years.
The business was recently purchased by Clean Plate Restaurants, Inc., a boutique private equity company investing in independent and small chain restaurants with top-tier sales productivity and profitability nationwide. Clean Plate Restaurants provides a corporate guarantee through the term of the lease.
Recently remodeled in 2018 with a new roof, the property has been designed to accommodate high-volume operations. It is well-maintained with service contracts in-place for preventative maintenance and cleaning. Ideally located at the intersection of Skyline Drive/Highway 65 and I-40, MarketPlace Grill receives exceptional exposure with visibility to a combination of over 91,000 vehicles each day. This strategic location places MarketPlace Grill in the heart of a high traffic retail corridor across from a neighborhood shopping center home to Walmart, Lowe's, JCPenney, Cinemark, and multiple hotels.
The 10-year NN+ lease will begin upon sale and includes annual escalations and three (3) five-year options. In addition, the sale includes all FF&E. There is also a 1.65-acre lot ready for future development and available for purchase (not included in price).
600 Skyline Drive is for sale at $3,104,014 or $371 per-square-foot with a net operating income of $217,281. There is an additional bonus lot for future development that would be available for a separate purchase price.
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Disclaimer: DealStream has not independently verified any of the information in this listing and makes no warranty as to its accuracy or completeness. This listing does not constitute an offer to sell, solicit or make an offer to buy an investment interest. Offers to sell, or the solicitation of offers to buy, any security can only be made through official offering documents, such as a subscription agreement and private placement memorandum.