3388 N Main Street, Perry, AR 72125

Listing Agency: RE/MAX Affiliates Realty Show Phone

Listed By: Ravinder Kaur Show Phone

Source: Arprorealty

Added: Sep 18 Changed: Nov 6 Last Checked: Nov 10 at 7:25AM

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Review the available facts, identify missing information and prepare questions for the agent.

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Investment Insights

Based on property information with market context.

This convenience store property includes a 2,905-square-foot building and an operating business. The asset is located at 3388 N Main Street in Perry, Arkansas, providing a clearly identified commercial address for continued convenience-store operations.

Key Highlights

• 2,905‑square‑foot convenience store property
• Business is currently operating
• 3388 N Main Street address in Perry, AR 72125

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$32,572

Suggested Prices Based on Cap Rates

Cap Rate 5%

$651,440 $651.4K

Cap Rate 7%

$465,314 $465.3K

Cap Rate 9%

$361,911 $361.9K

What to ask about pricing

Market Conditions

NOI Build-Up for 2,905 SF

Gross rent

$49.5K $17.04/SF

− Vacancy

−$3.0K −$1.02/SF

EGI

$46.5K $16.02/SF

− OpEx

−$14.0K −$4.81/SF

NOI

$32.6K $11.21/SF

Area

Perry County, AR

Vacancy

6.00%

Lease Rate

$17.04 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$651,440

Cap Rate 7%

$465,314

Cap Rate 9%

$361,911

Alternative Uses

Best Use

Specialty Retail

$498.5K

$436.2K – $581.6K (±1% cap)

NOI $34,898 @ 7.0% cap

Second Best

Retail

$465.3K

$407.2K – $542.9K (±1% cap)

NOI $32,572 @ 7.0% cap

Theoretical Best

Office A

$527.7K

$461.8K – $615.7K (±1% cap)

NOI $36,941 @ 7.0% cap

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Grocery and convenience stores

Suggested Use

Top Pick Plumbing Service Auto Repair Shop Auto Parts Store Storage Facility Grocery & Convenience Store Kitchen & Bath Showroom

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

27

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 72125, AR

888

Population

382

Households

2.3

Avg Household Size

46

Median Age

9%

College-Educated

90%

High-School Grad

24.5 sq mi

ZIP Area

36

Density / Sq Mi

$52,500

Median Household Income

$27,099

Median Earnings

$696

Median Rent

$94,700

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

Frequently Asked Questions

What type of property is this?

Grocery and convenience store - Established convenience store business with an existing operating setup on North Main Street.

Where is this grocery and convenience store located?

The property is located at 3388 N Main Street Perry, AR.

What are key features of this property?

This property features: 2,905‑square‑foot convenience store property; Business is currently operating; 3388 N Main Street address in Perry, AR 72125