AT&T
Closed2401 W Walnut St, Rogers, AR 72756
Property type
Retail
Unit / Space count
1
Price
$1,150,000
Building size
2,340 sf
Rentable area
2,340 SF
Year built
2018
Year renovated
Occupancy
Zoning code
Lot size
0.68 Acres
Sold/status
Sold · Date unknown
Sale price
$1150000
CAP
7.23%
Net Operating Income
$83,196
Property description
Franklin Street is pleased to present this freestanding AT&T located in Rogers, Arkansas. Rogers is a city in Benton County, Arkansas. Located in the Ozarks, it is part of the Northwest Arkansas region, one of the fastest-growing metro areas in the country. Rogers was the location of the first Walmart store, whose corporate headquarters is located in neighboring Bentonville. Bentonville is the birthplace of and world headquarters location of Walmart, the world's largest retailer. It is one of the four main cities in the three-county NW Arkansas MSA, which is ranked 105th in terms of population in the U.S. with 546,725 residents in 2020. Prime Communications is the largest privately AT&T Authorized Retailer in the United States with over 2,000 locations coast-to-coast in 28 states. The property is located directly across the street from a Walmart Supercenter and is surrounded by other national tenants including Home Depot, Kohl’s, Rent-A-Center, CVS, Planet Fitness, O’Reilly Auto Parts, Dollar Tree, Wendy's, Subway, Pizza Hut among many others. This property provides an investor the opportunity to acquire passive income with an investment-grade tenant in one of the fastest-growing markets in the southeast.
Property highlights
- Single-Tenant AT&T store in Northwestern Arkansas, one of the fastest growing areas in the country
- Strong hedge against inflation: Rare 15% rental increase in first extension option
- Across from a Walmart Supercenter that attracts 2M annual visits
- Low price point for an AT&T compared to most currently on the market
- Excellent traffic counts along W Walnut St: 24,300+ VPD
- Densely populated area: 114,600+ residents within a 15-minute drive
- Guaranteed by Prime Communications, the largest AT&T authorized retailer in the country with over 2,000 locations
- Future Economic Growth: Over 1,100 Walmart vendors have established offices within the NW Arkansas region, and this number continues to grow, driving the area's economic development
- Surrounded By Major Traffic Generators: Walmart, Frisco Station Mall, Harbor Freight, multiple schools, and national pharmacies