1555 East Main Street, Booneville, AR 72927 For Sale

Faris Lee Investments is pleased to present the opportunity to acquire a two tenant retail center featuring Tractor Supply Co. and Dollar Tree, strategically positioned fronting Arkansas Highway 10 in Booneville, AR. The property is ideally located directly across from a Walmart Supercenter, which acts as a primary regional draw, bringing consistent customer traffic to the immediate area. Both tractor Supply and Dollar Tree have successfully operated at this location for approximately 10 years, proving the strength of the Booneville market and the essential nature of these retail concepts for the surrounding community.

The tenants have demonstrated commitment to this site by exercising their renewal extensions early, Tractor Supply for an additional 7 years, and Dollar Tree for an additional 5 years. Further solidifying its long-term presence, Tractor Supply recently completed a comprehensive remodel to implement its “Fusion” prototype. This significant capital investment included a refreshed interior layout, upgraded lighting, and new exterior signage, ensuring the store remains a top-tier destination. These early renewals and facility upgrades underscore the tenants’ confidence in the location and provide a secure, predictable income stream for an incoming investor. Ownership interest encompasses both the land and the building, offering long-term intrinsic value and substantial tax advantages. Priced well below replacement cost at just $72 per square foot, the investment offers a high level of security. The property benefits from highly sustainable occupancy costs, with Tractor Supply paying $5.71 PSF and Dollar Tree paying $8.55 PSF gross in annual rent rates that are well below their national averages. Combined with a low annual operating expenses budget of $1.34 PSF, these favorable costs significantly reduce the likelihood of tenant relocation and enhance the long-term stability of the asset.

The property features recent capital improvements that offer true ease of ownership and eliminate near-term management burdens. A new roof was installed in 2025 with a 20-year warranty transferable to the Buyer. These improvements provide the investor with a high-quality, low maintenance asset. This is an exceptional opportunity for 1031 exchange buyers and investors looking for stable, long-term cash flow with minimal capital expenditure requirements during the holding period. The trade area serves a broad regional consumer base, as Arkansas Highway 10 serves as the major arterial connecting Little Rock to the east and Fort Smith to the west. This strategic positioning expands the effective trade area to a 20-mile radius, capturing customers far beyond the Booneville city limits.