Operational Strip Center with Multiple
For Sale
$2,000,000
201 Lee Town Road, Pea Ridge, AR 72751
SINGLE_FAMILY - Pea Ridge, AR
Property Size8,760 SF
Lot Size0.88 Acres
Price / SF$228.31
Days on Market48
Property Features for 201 Lee Town Road
General Information
Property type
Residential
Property subtype
Retail
Zoning description
Commercial
Parking
26
Parking features
Parking Lot
Security features
Security
Appliances
ElectricWaterHeater
Lot features
Business Park, Central Business District, Corner Lot, City Lot, Near Golf Course
Directions
From Bentonville, travel down hwy 72 toward Pea Ridge. At the Pea Ridge intersection, go straight to Lee Town Road. Taco Bell will be on the right and then the strip mall will be your next structure on the right.
Standard status
Active
APN
13-00900-000
Size
8,760 SF
Lot size
0.88 Acres
Taxes and HOA fees
Tax Description
-
Tax Annual Amount
8625
Utilities
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Central Air, Electric
Water source
Public
Building Details
Year built
2005
Floors in Building
1
Number of units
6
Building materials
Block, MetalSiding, Concrete, Stucco
Roof type
Metal
Listing Agency:
Gibson Real Estate
(479) 267-4427
Listed By:
Jared Smith · License #EB00081015
(479) 426-2848
Added: Jun 15
Changed: Jul 28
Last Checked: Aug 1 at 2:06PM
MLS# 1351970
Copyright © 2026 ArkansasONE MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This operational strip center is configured with multiple tenant spaces within a commercial retail property setting. The property includes outdoor green space that can support additional merchandising, storage use, or other business activities, subject to approvals. With an acceptable offer, a greenhouse and raised garden beds are also available, adding another built-in component for an owner-operator or tenant with specialized needs.
The center is located at 201 Lee Town Road in Pea Ridge, Arkansas, and is positioned next to a Taco Bell. It is described as within a short walk of the main four-way intersection, with accessibility that may be supported by nearby ongoing development moving toward Lee Town Road.
For buyers or owner-users, the mix of multiple spaces provides a straightforward option for acquiring an income-producing retail asset while maintaining flexibility through the existing outdoor areas. Tenants and operators may find the property useful for retail concepts that benefit from a shared center environment, along with the added possibility of using the outdoor space and greenhouse feature depending on the intended business plan.
The center is located at 201 Lee Town Road in Pea Ridge, Arkansas, and is positioned next to a Taco Bell. It is described as within a short walk of the main four-way intersection, with accessibility that may be supported by nearby ongoing development moving toward Lee Town Road.
For buyers or owner-users, the mix of multiple spaces provides a straightforward option for acquiring an income-producing retail asset while maintaining flexibility through the existing outdoor areas. Tenants and operators may find the property useful for retail concepts that benefit from a shared center environment, along with the added possibility of using the outdoor space and greenhouse feature depending on the intended business plan.
Key Highlights
- Established strip center in Pea Ridge, built in 2005 and fully operational
- Multiple tenant spaces with a parking lot for on‑site parking
- Utilities include public water and public sewer
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $152.4k | $17.40 |
| − Vacancy | −$10.1k | −$1.15 |
| EGI | $142.4k | $16.25 |
| − OpEx | −$42.7k | −$4.88 |
| NOI | $99.7k | $11.38 |
8,760 SF · lease $17.40/SF/yr · vacancy 6.60% · expense 30.00%
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.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Strip mall - Operational strip center offering multiple retail spaces and outdoor green area for flexible use.
Where is this strip mall located?
The property is located at 201 Lee Town Road 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: Established strip center in Pea Ridge, built in 2005 and fully operational; Multiple tenant spaces with a parking lot for on‑site parking; Utilities include public water and public sewer
