2806 Race Ave Searcy, AR 72143-4776

Property Details for 2806 Race Ave

Year built

2001

Lot size

0.73 lot acres

Property size

6,754 SF

Property type

Outlet malls

APN

016-09963-001

APU

1609963001

Description

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.

Location Insight

City

Searcy

County

White

State

Arkansas

Longitude

-91.7026

Latitude

35.251

CBSA code

42620

CBSA name

SEARCY, AR MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments