Single-Tenant Furniture
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3020 Market Place Avenue, Bryant, AR 72022
Includes an adjacent warehouse and distribution component with Interstate 30 signage rights.
Property Size170,340 SF
Price / SF$88.06
Days on Market6
Property Features for 3020 Market Place Avenue
General Information
Standard status
Active
Size
170,340 SF
Property subtype
Retail
Occupancy
100%
Additional Details
Opportunity Zone
No
Highway Access
Yes
Amenities
exclusive static and digital billboard rights
Building Details
Building Size
170,340 SF
Tenancy
Single
Listing Agency:
Lee & Associates - Arizona
Listed By:
Greg Guglielmino · License #AZ BR582996000
Source:
Crexi
Added: Aug 31
Changed: Sep 4
Last Checked: Sep 4 at 3:15PM
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 Lee & Associates - Arizona
Investment Insights
Based on property information with market context.
This single-tenant showroom property combines a home furnishings retail display area and outlet with an adjoining warehouse and distribution component. The building contains approximately 170,340 square feet and is 100% occupied by Ashley Global Retail, LLC under two leases. Exclusive static and digital billboard rights along Interstate 30 provide an additional property feature.
The asset is located at 3020 Market Place Avenue in Bryant, Arkansas, at the intersection of Market Place Avenue and Bryant Avenue. It sits across from a Walmart Supercenter and offers direct access to Interstate 30. The surrounding retail corridor includes national retailers, restaurants, hotels, and service providers.
Recent capital work includes a full roof replacement completed in 2023, HVAC system improvements since 2022, and parking lot upgrades. The property also benefits from prominent freeway exposure and a location within Bryant’s established suburban retail market.
The asset is located at 3020 Market Place Avenue in Bryant, Arkansas, at the intersection of Market Place Avenue and Bryant Avenue. It sits across from a Walmart Supercenter and offers direct access to Interstate 30. The surrounding retail corridor includes national retailers, restaurants, hotels, and service providers.
Recent capital work includes a full roof replacement completed in 2023, HVAC system improvements since 2022, and parking lot upgrades. The property also benefits from prominent freeway exposure and a location within Bryant’s established suburban retail market.
Key Highlights
- 100%-occupied single‑tenant property leased to Ashley Global Retail, LLC
- Approximately 170,340 square feet combining showroom, outlet, warehouse, and distribution space
- Exclusive static and digital billboard rights along Interstate 30
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
$931,144
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
6.21%
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%
$18,622,880
$18.6M
Cap Rate 7%
$13,302,057
$13.3M
Cap Rate 9%
$10,346,044
$10.3M
Market Conditions
NOI Build-Up for 170,340 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
$1.19M $6.96/SF
− Vacancy
−$90.1K −$0.53/SF
EGI
$1.10M $6.43/SF
− OpEx
−$164.3K −$0.96/SF
NOI
$931.1K $5.47/SF
Area
Saline County, AR
Vacancy
7.60%
Lease Rate
$6.96 /SF/Yr
Expense Ratio
15.00%
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%
$18,622,880
Cap Rate 7%
$13,302,057
Cap Rate 9%
$10,346,044
Alternative Uses
Best Use
Retail
$26.68M
$23.34M – $31.13M
NOI $1,867,568 @ 7.0% cap · market cap 12.45%
Second Best
Warehouse
$13.30M
$11.64M – $15.52M
NOI $931,144 @ 7.0% cap · market cap 6.21%
Theoretical Best
Office A
$37.17M
$32.53M – $43.37M
NOI $2,602,081 @ 7.0% cap · market cap 17.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
843
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 72022, AR
18,206
Population
7,353
Households
2.5
Avg Household Size
37
Median Age
39%
College-Educated
94%
High-School Grad
13.6 sq mi
ZIP Area
1,339
Density / Sq Mi
$84,471
Median Household Income
$51,193
Median Earnings
$987
Median Rent
$221,200
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Showroom - Includes an adjacent warehouse and distribution component with Interstate 30 signage rights.
Where is this showroom located?
The property is located at 3020 Market Place Avenue Bryant, AR.
What is the asking price?
The asking price for this property is $15,000,000.
What are key features of this property?
This property features: 100%-occupied single‑tenant property leased to Ashley Global Retail, LLC; Approximately 170,340 square feet combining showroom, outlet, warehouse, and distribution space; Exclusive static and digital billboard rights along Interstate 30
