Fayetteville Retail Property for
For Sale
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4015 W Wedington Dr, Fayetteville, AR 72704
Retail property available for purchase in Fayetteville, Arkansas.
Property Size14,820 SF
Price / SF$366.90
Days on Market155
Property Features for 4015 W Wedington Dr
General Information
Standard status
Active
Size
14,820 SF
Class
A
Property subtype
Retail
Zoning
C-1
Building Details
Year Built
2014
Listing Agency:
Marcus & Millichap - San Diego
(858) 373-3184
Listed By:
Alvin Mansour · License #TX 0606255
Source:
Crexi
Added: Mar 11
Changed: Aug 8
Last Checked: Aug 3 at 12:42PM
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 Marcus & Millichap - San Diego
Investment Insights
Based on property information with market context.
A retail property is available for purchase, offering 14,820 square feet of space. Additional information can be found on the property website.
Key Highlights
- Property website with full marketing package available: get comprehensive details.
- Built in 2014.
- Walgreens: features a stable tenant.
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
$186,865
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
3.44%
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%
$3,737,300
$3.7M
Cap Rate 7%
$2,669,500
$2.7M
Cap Rate 9%
$2,076,278
$2.1M
Market Conditions
NOI Build-Up for 14,820 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
$266.8K $18.00/SF
− Vacancy
−$17.6K −$1.19/SF
EGI
$249.2K $16.81/SF
− OpEx
−$62.3K −$4.20/SF
NOI
$186.9K $12.61/SF
Area
Washington County, AR
Vacancy
6.60%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
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%
$3,737,300
Cap Rate 7%
$2,669,500
Cap Rate 9%
$2,076,278
Alternative Uses
Best Use
Specialty Retail
$2.67M
$2.34M – $3.11M
NOI $186,865 @ 7.0% cap · market cap 3.44%
Second Best
Retail
$2.49M
$2.18M – $2.91M
NOI $174,408 @ 7.0% cap · market cap 3.21%
Theoretical Best
Office A
$3.98M
$3.48M – $4.64M
NOI $278,455 @ 7.0% cap · market cap 5.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
265
Businesses Nearby
81k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 53%
Dining 33%
Shops & Services 13%
Electronics 2%
Walmart Neighborhood Market
Groceries
42,572 visits/mo
0.5 miles
Freddy's Frozen Custard & Steakburgers
Dining
13,013 visits/mo
0.5 miles
Starbucks
Dining
9,002 visits/mo
0.4 miles
Shell
Shops & Services
8,511 visits/mo
0.1 miles
Domino's Pizza
Dining
3,131 visits/mo
0.4 miles
Demographics for 72704, AR
31,145
Population
14,098
Households
2.2
Avg Household Size
31
Median Age
55%
College-Educated
96%
High-School Grad
77.0 sq mi
ZIP Area
404
Density / Sq Mi
$88,991
Median Household Income
$51,341
Median Earnings
$1,163
Median Rent
$301,600
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Walgreens Pharmacy — 4015 W Wedington Dr, Fayetteville, AR 72704
- Walmart Pharmacy — 3475 Black Forest Dr, Fayetteville, AR 72704
- Brandon Davis — 1274 N Colorado Dr, Fayetteville, AR 727046505
- COVID-19 Drive-Thru Testing at Walgreens — 4015 W Wedington Dr, Fayetteville, AR 72704
Frequently Asked Questions
What type of property is this?
Drug store - Retail property available for purchase in Fayetteville, Arkansas.
Where is this drug store located?
The property is located at 4015 W Wedington Dr Fayetteville, AR.
What is the asking price?
The asking price for this property is $5,437,500.
What are key features of this property?
This property features: Property website with full marketing package available: get comprehensive details.; Built in 2014.; Walgreens: features a stable tenant.
