Star Lube & Tire
Closed550 W Centerton Blvd, Centerton, AR 72719
$1,275,0001 units2,000 SF
Retail$1,275,000/unit$638/SF2003
Property type
Retail
Unit / Space count
1
Price
$1,275,000
Building size
2,000 sf
Rentable area
2,000 SF
Year built
2003
Year renovated
Occupancy
100%
APN
06-007-002
Zoning code
Commercial
Lot size
0.40 Acres
Price per Unit
$1,275,000
Price per SF
$637.50
Property description
Franklin Street has procured the buyer for this 2,000 SF Star Lube & Tire located at 550 W. Centerton Bvld in Centerton, Arkansas. This property includes a long-term new 15-year NNN lease with experienced tenant to begin at the close of escrow with zero landloard responsibilities.
Property highlights
- Long-Term Brand New 15-Year Triple Net Lease With Experienced Tenant to Begin at the Close of Escrow
- Zero Landlord Responsibilities
- Seasoned Operator With Over 30 Years of Experience Working Within the Automotive Services Industry
- Tenant Operates a Total of 9 Locations and Has Previously Sold Locations to Valvoline and Grease Monkey
- Great Visibility and Easy Access off W Centerton Blvd Which is a Main East/West Thoroughfare Through NW Arkansas
- Centerton is Located in Northwest Arkansas Which Has Experienced a Population Growth of 25% From 2010 to 2020
- Dense Affluent Neighborhood With a Population of 36,238 Residents, Making an Above Average Household Income of $106,785 Within a 3-Mile Radius
- The Growth is Driven By Three Fortune 500 Companies with Headquarters in Northwest Arkansas: Walmart, Tyson Foods, and J.B. Hunt Transport Services, Inc
- Located 4.7-Miles Away From Walmart’s Headquarters in Bentonville, AR Consisting of Over 14,000 Employees
- Bentonville, AR is Home to a Growing Entrepreneurial Scene, With Co-Working Spaces and Start-Up Incubators Being Added Quickly Over the Last 5 Years
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