Three-Tenant Retail Center
For Sale
$579,000
1009 N Hervey Street, Hope, AR 71801
CommercialSale, Hope, AR
Property Size6,012 SF
Lot Size1.17 Acres
Price / SF$96.31
Days on Market47
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: Aug 19
Last Checked: Aug 28 at 3:06PM
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 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.
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
Property Analytics
Property Profile
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
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 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
