Building Details

Buildings 2

Listing Agency: The Virtual Realty Group Show Phone

Listed By: Soozanna French · License #SA00055636 Show Phone

Source: Heilesassociatesrealtors

Added: Jul 20 Changed: Oct 2 Last Checked: Oct 16 at 8:56AM

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Investment Insights

Based on property information with market context.

This commercial package includes two buildings offered together. One building houses the Dairy Mart business, while the other is vacant and was previously used as a car lot. The combined property size is 2,988 SF.

The property is identified at 1222 Edison Avenue and includes a second address at 619 Cox Street in Benton, Arkansas. Its corner-site positioning and two-building configuration provide a distinct setup for an existing convenience-oriented operation alongside a separate commercial structure.

Key Highlights

• Two buildings sold together as one package
• Dairy Mart business occupies one building
• Second building is vacant and was 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

Is this asking price fair?

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 (±1% cap)

NOI $32,760 @ 7.0% cap · market cap 9.65%

Second Best

Specialty Retail

$432.9K

$378.8K – $505.0K (±1% cap)

NOI $30,302 @ 7.0% cap · market cap 8.93%

Theoretical Best

Office A

$652.1K

$570.6K – $760.7K (±1% cap)

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

Grocery and convenience stores

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store HVAC Service Acupuncture Electrical Service Locksmith Restaurant

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

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Frequently Asked Questions

What type of property is this?

Grocery and convenience store - Corner-site package combines a Dairy Mart business with a second vacant commercial building.

Where is this grocery and convenience store located?

The property is located at 1222 EDISON Avenue #619 COX STREET BENTON AR 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 sold together as one package; Dairy Mart business occupies one building; Second building is vacant and was previously used as a car lot