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Renovated Drive-Thru Convenience Store
For Sale
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Pending

249 W Grand Ave, Hot Springs, AR 71901

Convenience retail property with a drive-thru component and recent renovation.

Property SizeContact for details
Days on Market151

Property Features for 249 W Grand Ave

General Information

Standard status Pending
Property subtype Retail
Listing Agency: Century Partners RE
Listed By: Joshua Berger · License #CA 01984719
Source: Crexi
Added: Apr 11 Changed: Sep 8 Last Checked: Aug 30 at 8:47PM

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 Century Partners RE

Investment Insights

Based on property information with market context.

This convenience retail property at 249 W. Grand Avenue includes 2,952 square feet of building area on a 0.76-acre parcel. The building was renovated in 2023 and includes a drive-thru component, supporting its current convenience-store format.

The property is located in Hot Springs, Arkansas, at 249 W. Grand Avenue. Lease economics include 2.0% annual rental escalations during the base term and across four five-year renewal option periods.

Key Highlights

  • 2,952 square feet of building space
  • 0.76‑acre property
  • Renovated in 2023

Property Analytics

Current Use

Grocery and convenience stores

Suggested Use

Top Pick Storage Facility Locksmith (Bike/Boat/Book/etc) Store Butcher Pet Store & Service Mobile Phone Store

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

1,698
Businesses Nearby
67k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Dining 59% Shops & Services 30% Groceries 7% Beauty & Spa 3%
McDonald's Dining
18,055 visits/mo 0.4 miles
Burger King Dining
9,887 visits/mo 0.1 miles
Popeyes Louisiana Kitchen Dining
7,854 visits/mo 0.3 miles
Valero Energy Shops & Services
5,905 visits/mo 0.1 miles
Family Dollar Shops & Services
5,119 visits/mo 0.3 miles

Demographics for 71901, AR

29,363
Population
14,952
Households
2
Avg Household Size
43
Median Age
26%
College-Educated
88%
High-School Grad
101.9 sq mi
ZIP Area
288
Density / Sq Mi
$52,410
Median Household Income
$35,604
Median Earnings
$797
Median Rent
$173,400
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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Similar Off Market Nearby

  • Cash Saver Food Outlet 800 Malvern Ave, Hot Springs, AR 71901

Frequently Asked Questions

What type of property is this?
Grocery and convenience store - Convenience retail property with a drive-thru component and recent renovation.
Where is this grocery and convenience store located?
The property is located at 249 W Grand Ave Hot Springs, AR.
What are key features of this property?
This property features: 2,952 square feet of building space; 0.76‑acre property; Renovated in 2023
More about this property
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