Three-Tenant Retail
For Sale
$539,000
1009 N Hervey Street, Hope, AR 71801
CommercialSale, Hope, AR
Property Size6,012 SF
Lot Size1.17 Acres
Price / SF$89.65
Days on Market93
Property Features for 1009 N Hervey Street
General Information
Property type
Commercial Sale
Property subtype
Retail
Lot features
Central Business District
Directions
From I-30 Take exit 30 onto N Hervey St. Head east and the property will be on your left next to Super 1 Foods.
Standard status
Active
APN
700-05141-000
Size
6,012 SF
Lot size
1.17 Acres
Taxes and HOA fees
Tax Description
Hope acreage PT SE NE
Legal Description
Hope acreage PT SE NE
Building Details
Year built
1984
Listing Agency:
Lindsey & Associates Inc
(479) 521-6611
Listed By:
Jeff Pederson · License #SA00067378
(479) 856-2233
Added: Jul 13
Changed: Oct 12
Last Checked: Oct 13 at 4:06PM
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.
Investment Insights
Based on property information with market context.
Located at 1009 N Hervey Street in Hope, Arkansas, this retail center was built in 1984 and is occupied by three tenants. The property is reported at 100% occupancy, with leases structured as NNN or modified gross. The tenant mix includes national, regional, and local businesses, although individual tenant names are not provided.
The sale includes an adjacent 0.83-acre vacant lot behind the retail building. The property is positioned along the Hervey Street corridor, and the offering carries an 11% cap rate. The main building is described as a 6,000 SF retail center in the property remarks.
The sale includes an adjacent 0.83-acre vacant lot behind the retail building. The property is positioned along the Hervey Street corridor, and the offering carries an 11% cap rate. The main building is described as a 6,000 SF retail center in the property remarks.
Key Highlights
- Three‑tenant retail center at 1009 N Hervey Street, Hope, AR 71801
- 100% occupied with NNN or modified gross lease structures
- 11% cap rate
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
252
Businesses Nearby
182k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 47%
Shops & Services 37%
Groceries 10%
Home Improvements & Furnishings 4%
Exxon
Shops & Services
31,371 visits/mo
0.4 miles
McDonald's
Dining
30,616 visits/mo
0.4 miles
Wendy's
Dining
20,812 visits/mo
0.4 miles
Super 1 Foods & Pharmacy
Groceries
18,206 visits/mo
0.1 miles
Burger King
Dining
11,844 visits/mo
0.3 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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.
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 $539,000.
What are key features of this property?
This property features: Three‑tenant retail center at 1009 N Hervey Street, Hope, AR 71801; 100% occupied with NNN or modified gross lease structures; 11% cap rate
