Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Prime Retail Location For Lease Title is generated by Realmo AI

    2940 W Martin Luther King Blvd, Fayetteville, AR

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    High-visibility retail space with drive-thru and ample parking.

    Type:RETAIL
    Property size:
    13,650 SF
    Lot size:
    1.89 Acres
    Added:
    Feb 5, 2025
    Days on Market:
    486
    Last Refresh:
    May 20 at 9:39 pm

    Property Features for 2940 W Martin Luther King Blvd

    General Information

    Standard status
    Active
    Size
    13,650 SF
    Lot size
    1.89 Acres
    Property subtype
    RETAIL

    Spaces For Lease

    at 2940 W Martin Luther King Blvd Contact us

    We can help!

    Listing Contact
    Drew Laning
    Drew Laning

    Listing agent Drew Laning License #SA00081924

    Listing office Kelley Commercial Partners - Little Rock

    Listing date Feb 5, 2025

    Source Moodyscre

    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 Kelley Commercial Partners - Little Rock

    HighLights

    • Prime retail location with high visibility on a hard corner.
    • Directly across the street from Walmart Supercenter.
    • Drive‑thru and ample parking available.
    • Multiple ingress and egress access points.
    • Close proximity to I‑49.
    • Zoned C‑2.

    Overview

    This retail space offers a prime location with high visibility on a hard corner, providing multiple access points. It is conveniently located near I-49 and directly across the street from a Walmart Supercenter. The property features a drive-thru and ample parking. Zoned C-2, the lease is set to expire on 09/01/2033. All offers are subject to approval by Walgreens Real Estate Committee. The property has a size of 13650 square feet and is located at 2940 W Martin Luther King Blvd, Fayetteville, AR.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Real Estate Agency Restaurant Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Gym & Fitness Center Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Fayetteville
    County
    Washington
    State
    Arkansas
    Longitude
    -94.2019
    Latitude
    36.0523

    Nearby Similar for Lease

    • $19 SF/Yr
      400 SF

      Fayetteville Office/Retail Space For Rent

      Well-located 400 SF office/retail space in high-traffic area.
      1228 N Garland Avenue, Fayetteville, AR 72703
      View Details
    • $18 SF/Yr
      1,114 SF

      Fayetteville Medical/Office Space For Rent

      Move-in-ready medical/office suite near Washington Regional Medical Center.
      350 E Millsap Road, Fayetteville, AR 72703
      View Details
    • $18 SF/Yr
      840 SF

      Fayetteville Office Space For Rent

      840 SF office space in high-traffic retail corridor.
      1232 N Garland Avenue, Fayetteville, AR 72703
      View Details
    • $36 SF/Yr
      3,200 SF

      Fayetteville Commercial Financial Services Facility

      Turnkey financial facility on Joyce Blvd with drive-thru and vault.
      1676 E Joyce Boulevard, Fayetteville, AR 72701
      View Details
    • $22 SF/Yr
      1,500 SF

      Second-Generation Retail Space

      Leasable storefront with direct visibility and signage opportunity on a high-traffic Fayetteville corridor.
      1722 N College Avenue, Fayetteville, AR 72703
      View Details
    • $19 SF/Yr
      3,726 SF

      Fayetteville Office Space Available

      East Fayetteville office space for lease with ample natural light.
      2901 E Zion Road, Fayetteville, AR 72703
      View Details
    • $20 SF/Yr
      3,448 SF

      Fayetteville Commercial Space For Rent

      Versatile commercial space in high-visibility Fayetteville location.
      72 Joyce, Fayetteville, AR 72703
      View Details
    • $23 SF/Yr
      1,696 SF

      Second-Generation Retail Space

      A second-generation retail suite with direct avenue visibility and co-tenants that support strong local foot traffic.
      2852 N College Avenue, Fayetteville, AR 72703
      View Details
    • $29 SF/Yr
      1,160 SF

      Fayetteville Office Suite For Lease

      Prime Fayetteville office space with high visibility and convenient access.
      5 W Mountain Street, Fayetteville, AR 72701
      View Details
    • $16 SF/Yr
      8,000 SF

      Fayetteville Warehouse/Office Space For Rent

      Prime commercial space with warehouse and office in Fayetteville, AR.
      535 W Poplar Street, Fayetteville, AR 72703
      View Details
    • $20 SF/Yr
      1,800 SF

      High-Visibility Shopping Center

      Anchored retail center with established tenant mix, supporting daily customer traffic and flexible space for retail, office, and medical uses.
      1261 Steamboat Drive, Fayetteville, AR 72704
      View Details
    • $25 SF/Yr
      1,945 SF

      Fayetteville Commercial Space For Lease

      Adaptable 1,945 SF space suitable for various business uses.
      3422 College Avenue, Fayetteville, AR 72703
      View Details

    FAQs

    What type of property is this?
    Retail space - High-visibility retail space with drive-thru and ample parking.
    Where is this retail space located?
    The property is located at 2940 W Martin Luther King Blvd Fayetteville, AR.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: Prime retail location with **high visibility on a hard corner.**; Directly across the street from Walmart Supercenter.; **Drive‑thru and ample parking available.**
    (501) 244-7527 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Drew Laning
    Drew Laning
    Real Estate License ID: SA00081924
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2940 W Martin Luther King Blvd, Fayetteville, AR
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!