503 N Hervey St Hope, AR
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Neighborhood shopping center with national and local tenant mix.
Type:RETAIL
Property size:
90,017 SFLot size:
8.21 AcresPrice / SF:
$34/SF- Added:
- Sep 5, 2025
- Days on Market:
- 245
- Last Refresh:
- Apr 5 at 9:28 pm
Property Features for 503 N Hervey St
General Information
- Standard status
- Active
- Size
- 90,017 SF
- Lot size
- 8.21 Acres
- Property subtype
- RETAIL
Listing agent Braden Bratcher
Listing office STRIVE (469) 844-8880
Listing date Sep 5, 2025
Source Moodyscre
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 STRIVE
HighLights
- Value‑add opportunity with immediate income (7.00% cap rate) and significant upside potential through lease‑up of 23% vacancy (pro‑forma 12.07% cap).
- Anchored by new Harbor Freight and Dollar General with 10‑year leases, plus Pafford EMS and a local restaurant.
- Excellent visibility and access, fronting N Hervey St, less than 1‑mile from Interstate 30, with over 77,000 vehicles per day.
- Below‑market pricing at $34 per square foot, significantly under replacement cost.
- Strong national and local tenant mix reduces risk and increases consumer draw.
- Significant capital investment by tenants and landlord indicates long‑term commitment.
Overview
Value-Add Neighborhood Shopping Center
This neighborhood shopping center is anchored by Harbor Freight, Dollar General, and Pafford EMS, along with Chinese Panda Buffett. The property is currently 77% occupied, presenting opportunities to increase revenue by leasing the 23% vacant gross leasable area. The center is positioned fronting N Hervey St, less than 1-mile from Interstate 30, with visibility to over 77,000 vehicles per day. New 10-year leases are in place for Harbor Freight and Dollar General, accompanied by renovations to both spaces. The property offers flexible space configurations and ample parking for tenants and customers. Situated on 6.39 acres in Hope, the shopping center has a large gross leasable area. Harbor Freight, Dollar General, and Pafford EMS have invested capital into renovations, indicating a long-term commitment to the shopping center. The landlord has also invested capital over the past 2 years.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Dollar General
Discount Store
Location Insight
- Map
- Local Demand
- City
- Hope
- County
- Hempstead
- State
- Arkansas
- Longitude
- -93.5954
- Latitude
- 33.6635
Nearby Similar for Sale
FAQs
What type of property is this?
Shopping center - Neighborhood shopping center with national and local tenant mix.
Where is this shopping center located?
The property is located at 503 N Hervey St Hope, AR.
What is the asking price?
The asking price for this property is $3,125,000.
What are key features of this property?
This property features: Value‑add opportunity with immediate income (7.00% cap rate) and significant upside potential through lease‑up of 23% vacancy (pro‑forma 12.07% cap).; Anchored by new Harbor Freight and Dollar General with 10‑year leases, plus Pafford EMS and a local restaurant.; Excellent visibility and access, fronting N Hervey St, less than 1‑mile from Interstate 30, with over 77,000 vehicles per day.
