Three-Tenant Shopping
For Sale
$579,000
1009 N Hervey St, Hope, AR 71801
Fully occupied retail property with NNN and modified gross lease structures, plus an adjoining parcel for additional site use.
Property Size6,012 SF
Price / SF$96.31
Days on Market30
Property Features for 1009 N Hervey St
General Information
Standard status
Active
Size
6,012 SF
Occupancy
100%
Additional Details
Cap Rate
11%
Road Access
Yes
Land Use
retail
Building Details
Buildings
1
Tenancy
Multi
Listing Agency:
Lindsey & Associates Inc
(479) 856-2233
Listed By:
Jeff Pederson · License #SA00067378
(479) 856-2233
Source:
Exprealty
Added: Jul 13
Changed: Aug 10
Last Checked: Aug 10 at 8:56AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Lindsey & Associates Inc
Investment Insights
Based on property information with market context.
This shopping center at 1009 N Hervey St in Hope, Arkansas, contains 3 retail tenant spaces and is fully leased. Occupancy is reported at 100%, with a tenant mix spanning national, regional, and local businesses. Lease structures include NNN and modified gross arrangements.
The sale also includes an adjacent 0.83-acre vacant lot located behind the retail building. The property is positioned along Hervey Street, providing a combined retail center and additional land component within the same offering. The reported cap rate is 11%.
The sale also includes an adjacent 0.83-acre vacant lot located behind the retail building. The property is positioned along Hervey Street, providing a combined retail center and additional land component within the same offering. The reported cap rate is 11%.
Key Highlights
- Fully leased 3‑tenant retail center with 100% occupancy
- 11% cap rate
- NNN and modified gross lease structures
Property Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
232
Businesses Nearby
239k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 35%
Shops & Services 34%
Superstores 20%
Groceries 8%
Walmart
Superstores
48,085 visits/mo
0.5 miles
Exxon
Shops & Services
31,371 visits/mo
0.1 miles
McDonald's
Dining
30,616 visits/mo
0.1 miles
Wendy's
Dining
20,812 visits/mo
0.1 miles
Murphy USA
Shops & Services
18,656 visits/mo
0.4 miles
Demographics for 71801, AR
14,991
Population
6,900
Households
2.2
Avg Household Size
39
Median Age
14%
College-Educated
82%
High-School Grad
297.7 sq mi
ZIP Area
50
Density / Sq Mi
$47,723
Median Household Income
$37,035
Median Earnings
$775
Median Rent
$98,200
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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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
Frequently Asked Questions
What type of property is this?
Shopping center - Fully occupied retail property with NNN and modified gross lease structures, plus an adjoining parcel for additional site use.
Where is this shopping center located?
The property is located at 1009 N Hervey St 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 3‑tenant retail center with 100% occupancy; 11% cap rate; NNN and modified gross lease structures
