Multi-Tenant Retail
New
For Sale
Contact for pricing
201-229 Lee Town Rd, Pea Ridge, AR 72751
Multiple leasable spaces are supported by public utilities and on-site parking.
Property Size8,760 SF
Price / SF$228.31
Days on Market5
Property Features for 201-229 Lee Town Rd
General Information
Standard status
Active
Size
8,760 SF
Total Parking Spaces
26
Property subtype
RETAIL
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Building Details
Tenancy
Multi
Listing Agency:
Steve Fineberg & Associates, Inc.
(479) 271-4161
Listed By:
Wes McNeil
(501) 773-1512
Source:
Moodyscre
Added: Oct 12
Changed: Oct 15
Last Checked: Oct 16 at 11:56AM
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 Steve Fineberg & Associates, Inc.
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 retail center contains 8,760 square feet across multiple tenant spaces. Public utilities serve the property, and 26 parking spaces are available on site.
The property is 15 minutes from I-49 and 20 minutes from Downtown Bentonville. Its multi-space configuration and existing parking provide a straightforward foundation for retail occupancy.
The property is 15 minutes from I-49 and 20 minutes from Downtown Bentonville. Its multi-space configuration and existing parking provide a straightforward foundation for retail occupancy.
Key Highlights
- 8,760‑square‑foot retail center with multiple tenant spaces
- 26 parking spaces
- Public utilities
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$99,655
Cap Rate
4.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,993,100
$2.0M
Cap Rate 7%
$1,423,643
$1.4M
Cap Rate 9%
$1,107,278
$1.1M
Market Conditions
NOI Build-Up for 8,760 SF
Gross rent
$152.4K $17.40/SF
− Vacancy
−$10.1K −$1.15/SF
EGI
$142.4K $16.25/SF
− OpEx
−$42.7K −$4.88/SF
NOI
$99.7K $11.38/SF
Area
Benton County, AR
Vacancy
6.60%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,993,100
Cap Rate 7%
$1,423,643
Cap Rate 9%
$1,107,278
Alternative Uses
Best Use
Retail
$1.42M
$1.25M – $1.66M
NOI $99,655 @ 7.0% cap · market cap 4.98%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.41M
$2.11M – $2.81M
NOI $168,512 @ 7.0% cap · market cap 8.43%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
202
Businesses Nearby
120k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 44%
Groceries 27%
Shops & Services 24%
Home Improvements & Furnishings 5%
Walmart Neighborhood Market
Groceries
32,643 visits/mo
0.3 miles
SONIC Drive In
Dining
14,731 visits/mo
0.2 miles
McDonald's
Dining
14,175 visits/mo
0.2 miles
Wendy's
Dining
9,967 visits/mo
0.4 miles
Dollar Tree
Shops & Services
8,955 visits/mo
0.1 miles
Demographics for 72751, AR
8,361
Population
3,487
Households
2.4
Avg Household Size
34
Median Age
24%
College-Educated
92%
High-School Grad
24.1 sq mi
ZIP Area
347
Density / Sq Mi
$92,173
Median Household Income
$44,510
Median Earnings
$1,395
Median Rent
$258,200
Median Home Value
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Strip mall - Multiple leasable spaces are supported by public utilities and on-site parking.
Where is this strip mall located?
The property is located at 201-229 Lee Town Rd Pea Ridge, AR.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: 8,760‑square‑foot retail center with multiple tenant spaces; 26 parking spaces; Public utilities
