Two-Building Convenience Store
For Sale
$339,500
1222 EDISON Avenue Unit 619 COX STREET BENTON AR, Benton, AR 72015
The offering combines an operating Dairy Mart business with a separate vacant building.
Property Size2,988 SF
Price / SF$113.62
Days on Market178
Property Features for 1222 EDISON Avenue Unit 619 COX STREET BENTON AR
General Information
Standard status
Active
Size
2,988 SF
Property subtype
Business, Bldg and Land
Additional Details
Corner Location
Yes
Real Estate Included
Yes
Taxes and HOA fees
Annual Taxes
$1,241
Building Details
Building Size
2,988 SF
Year Built
1995
Buildings
2
Listing Agency:
The Virtual Realty Group
Listed By:
Soozanna French · License #SA00055636
(501) 276-1425
Source:
Carmensellshomesinarkansas
Added: May 5
Changed: Oct 26
Last Checked: Oct 26 at 12:01PM
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 The Virtual Realty Group
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This convenience-store property includes two buildings and is offered as one package. One building houses the Dairy Mart business; the second is vacant and was previously used as a car lot. The property is listed at 2,988 square feet and was built in 1995.
Key Highlights
- Two buildings offered together as one package
- Dairy Mart business occupies one building
- Separate vacant building previously used as a car lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,302
Cap Rate
8.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$606,040
$606.0K
Cap Rate 7%
$432,886
$432.9K
Cap Rate 9%
$336,689
$336.7K
Market Conditions
NOI Build-Up for 2,988 SF
Gross rent
$43.0K $14.40/SF
− Vacancy
−$2.6K −$0.88/SF
EGI
$40.4K $13.52/SF
− OpEx
−$10.1K −$3.38/SF
NOI
$30.3K $10.14/SF
Area
Saline County, AR
Vacancy
6.10%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$606,040
Cap Rate 7%
$432,886
Cap Rate 9%
$336,689
Alternative Uses
Best Use
Retail
$468.0K
$409.5K – $546.0K
NOI $32,760 @ 7.0% cap · market cap 9.65%
Second Best
Specialty Retail
$432.9K
$378.8K – $505.0K
NOI $30,302 @ 7.0% cap · market cap 8.93%
Theoretical Best
Office A
$652.1K
$570.6K – $760.7K
NOI $45,644 @ 7.0% cap · market cap 13.44%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
469
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 72015, AR
28,597
Population
12,148
Households
2.4
Avg Household Size
37
Median Age
22%
College-Educated
92%
High-School Grad
85.0 sq mi
ZIP Area
336
Density / Sq Mi
$64,550
Median Household Income
$44,219
Median Earnings
$1,013
Median Rent
$169,200
Median Home Value
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - The offering combines an operating Dairy Mart business with a separate vacant building.
Where is this grocery and convenience store located?
The property is located at 1222 EDISON Avenue Unit 619 COX STREET BENTON AR Benton, AR.
What is the asking price?
The asking price for this property is $339,500.
What are key features of this property?
This property features: Two buildings offered together as one package; Dairy Mart business occupies one building; Separate vacant building previously used as a car lot
