2806 Race AveSearcy, AR 72143

For Sale
$1,290,000

Net-leased Advance Auto Parts, high ROI.

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional investment opportunity presents a 7,000 square foot, Class A, single-tenant retail property located at 2806 E Race Ave, Searcy, AR 72143. The property, built in 2001, is currently leased to Advance Auto Parts under a Net Lease agreement with approximately 1.1 years remaining on a 26.4-year lease expiring December 31, 2025. The lease commenced September 1, 1999. The property boasts a strong 6.32% cap rate and a Net Operating Income (NOI) of $81,500, with an asking price of $1,290,000 ($184.29 per square foot). Situated on 0.73 acres in a high-traffic retail area near major employers and other retail brands, this property offers excellent visibility and strong tenant history. The property is zoned for commercial use, presenting potential for alternative ventures and future value appreciation. This is a rare opportunity to acquire a well-maintained asset in a rapidly growing Arkansas city with attractive demographics. While there are no remaining lease options, the strong tenant history and the property's location in a thriving area present opportunities for value enhancement through negotiation or alternative uses. The property consists of one building on a single unit. This is a compelling investment opportunity for those seeking strong returns in a stable market.

Highlights

  • 7,000 SF Class A retail property in Searcy, AR.
  • Net-leased to Advance Auto Parts with approximately 1.1 years remaining on the lease (expires 12/31/2025).
  • 6.32% cap rate and $81,500 NOI; Asking price: $1,290,000 ($184.29/SF).
  • Located on 0.73 acres in a high-traffic retail area with excellent visibility.
  • Strong potential for value appreciation due to location and possible lease renegotiation or alternative uses.

Property Details for 2806 Race Ave

Property type
Other retail properties, Retail properties
Square Feet
7,000 SF
Class
A
Year Built
2001
Buildings
1
Units
1

Location Insight

City
Searcy
County
White
State
Arkansas
Latitude
35.2510282
Longitude
-91.7025066
2806 Race Ave, Searcy, Arkansas

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2806 Race Ave
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