1009 N Hervey Street Hope, AR 71801

Building Details

Year built

1984

Listing agency Lindsey & Associates Inc s***@lindsey.com Show Phone

Listed by Jeff Pederson · License #SA00067378 Show Phone

Added: Jul 13 Checked: Jul 22 at 2:06PM

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MLS# 1354985

Copyright © 2026 ArkansasONE MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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Investment Insights

Based on property information with market context.

Located at 1009 N Hervey Street in Hope, Arkansas, this fully leased three-tenant retail center is designed for stabilized income with a 6,000 SF building currently 100% occupied. The tenant mix is described as a combination of national, regional, and local operators. Leases are structured as NNN or modified gross, which the seller states reduces landlord responsibilities.

The property also includes an adjacent 0.83-acre vacant lot behind the building. That additional land can support future expansion, outparcel development, or additional parking, depending on a buyer’s intended use.

For sale as a turnkey investment, the listing notes an 11% cap rate and emphasizes in-place income from the three tenants.

Key Highlights

• Fully leased three‑tenant retail center built in 1984 at 1009 N Hervey St
• 6,000 SF building is 100% occupied by a mix of national, regional, and local tenants
• Leases are structured as NNN or modified gross

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Similar Off Market Nearby

• Hope Village Shopping Center — E 3rd St, Hope, AR 71801
• North Hervey Street Shopping Center — 535 N Hervey St, Hope, AR 71801
• Expo Shopping Center — 1301 N Hervey St, Hope, AR 71801

FAQs

What type of property is this?

Shopping center - Fully leased three-tenant retail center on N Hervey Street, with NNN or modified gross leases and an adjacent vacant lot.

Where is this shopping center located?

The property is located at 1009 N Hervey Street Hope, AR.

What is the asking price?

The asking price for this property is $579,000.

What are key features of this property?

This property features: Fully leased three‑tenant retail center built in 1984 at 1009 N Hervey St; 6,000 SF building is 100% occupied by a mix of national, regional, and local tenants; Leases are structured as NNN or modified gross