Dairy Mart Grocery
For Sale
$339,500
1222 EDISON Avenue #619 COX STREET BENTON AR 619 COX STREET BENTON AR, Benton, AR 72015
Corner-site package combines a Dairy Mart business with a second vacant commercial building.
Property Size2,988 SF
Price / SF$113.62
Days on Market44
Property Features for 1222 EDISON Avenue #619 COX STREET BENTON AR 619 COX STREET BENTON AR
General Information
Standard status
Active
Size
2,988 SF
Property subtype
Commercial / Industrial
Additional Details
Corner Location
Yes
Building Details
Buildings
2
Listing Agency:
The Virtual Realty Group
(501) 276-1425
Listed By:
Soozanna French · License #SA00055636
(501) 276-1425
Source:
Arprorealty
Added: Jul 20
Changed: Aug 31
Last Checked: Aug 31 at 5:15PM
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
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.
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$30,302
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.93%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
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
Questions? Ask Rey
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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
