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26653952
26653951

3113 E Race Ave, Searcy, AR 72143

NE
AR EB 00077644
Haag Brown Commercial Real Estate and Development
Listed by Haag Brown Commercial Real Estate and Development
$3,325,700
496 days on market
Updated 2 days ago

NN+ Chipotle Anchored Retail Center

Details
APN 016-01764-902
Property Type Retail
Sub Type Shopping Center
Square Footage 7,800
Net Rentable (SqFt) 7,800
Cap Rate 7.00%
NOI $232,800
Occupancy 100%
Tenancy Multi
Brand/Tenant Chipotle
Lease Type NN+
Remaining Term 10
Class A
Year Built 2017
Buildings 1
Stories 1
Acreage 1.110
Parking Spaces 54 spaces
Parking Per SqFt 6.92
Investment Type Net Lease
Ground Lease No
Sale Condition For sale by owner

High-Profile Strip Center With Multiple National Tenants

Marketing description

This modern 7,800 sq. ft. retail center is strategically located directly across from Unity Health Medical Campus and anchored by three strong tenants: Chipotle, Verizon, and Great Clips. With 170 feet of frontage and 280 feet of depth, the property offers excellent visibility and access. This property represents a solid investment in a healthy, growing market. With its strategic location, strong tenant mix, and exposure to a high-traffic corridor, this retail center is poised for long-term success.

Key Features:

Prime Location: Situated at the entrance to the Unity Health - White County Medical Center, a leading healthcare provider in the region with 1,750 employees, 438 licensed beds, and 150 physicians.

High Traffic Exposure: The center enjoys daily exposure to over 22,000 vehicles and is just west of Highway 67.

Strong Tenant Mix: Multiple national tenants occupy the center, including a brand new Chipotle that opened in December of 2024.

Searcy Overview:

Searcy is an economic hub in White County, home to two universities—Harding University and Arkansas State University Searcy—as well as major employers like White County Medical Center and Wal-Mart Distribution. The city boasts a thriving economy, a diverse local workforce, and a low unemployment rate.

Searcy’s stable economy, combined with its growing population, has made it an attractive destination for commercial businesses, and the retail market continues to perform strongly. The city is home to national retailers like Chili’s, Walmart Supercenter, Hobby Lobby, McAlister’s, Lowes, and ULTA, alongside a vibrant mix of boutiques and local restaurants.

Investment Opportunity: This property represents a solid investment in a healthy, growing market. With its strategic location, strong tenant mix, and exposure to a high-traffic corridor, this retail center is poised for long-term success.

Investment highlights

  • Brand New 10 Year Chipotle Lease

  • National Brands

  • Strategically Located in a Growth Market

  • Directly Across from White County Medical Center

  • Surrounded by Meaningful Development

Listing Contacts

NE
AR EB 00077644
Haag Brown Commercial Real Estate and Development
Listed by Haag Brown Commercial Real Estate and Development

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$232,800.00
$19,400.00/mo

Valuation Metrics

0
DSCR
7%
Cap Rate
7%
ROI

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Additional Information

Name
Nathan Eller
License
EB 00077644
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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