Description

2031 Oliver Lancaster Blvd is a Starbucks-occupied retail property for sale at 2031 Oliver Lancaster Boulevard in Rockport, AR, within the Malvern submarket. The 2024-built, 2,540 SF drive-thru is fully occupied, giving buyers an income-producing asset with a defined tenant and operating format.

The build-to-suit property sits on 0.93 acres and has 35 parking spaces. Its drive-thru format serves Starbucks’ customer traffic, while the site’s parking accommodates visits by car. Starbucks Corporation signed the lease, which includes 7.50% rent increases every five years during the base term and at the start of each option period. That structure gives investors scheduled changes in rent rather than an income case dependent on releasing the building.

Oliver Lancaster Boulevard carries 19,090 AADT. The property is near a Walmart Supercenter, McDonald’s and other national retailers, placing Starbucks among established shopping and dining destinations. It is just off Interstate 30, which provides access between Little Rock and Texarkana. Downtown Malvern is 2.1 miles from the property, and Hot Springs is 18.8 miles away. These connections put the drive-thru in reach of both local trips and highway travel.

The asking price is $2,523,000, with a 6.75% cap rate and $170,312 in in-place NOI. The property’s 7.5 years of WALT and NNN lease position it for a buyer seeking income tied to a corporate tenant, with scheduled rent increases over the lease term. At $993.31 PSF, the offering pairs the building and site with an established retail location. Review the Offering Materials for the full investment presentation.