810 Us-64 Wynne, AR 72396
- Lifestyle centers
- 26,552 SF
- 6.28 lot acres
Current Use by Public Records
- Lifestyle centers
Property Details for 810 Us-64
- Year built
- 2003
- Lot size
- 6.28 lot acres
- Property size
- 26,552 SF
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
Invest in Ridgeview Plaza, a thriving 26,552-square-foot shopping center in Wynne, Arkansas. This 100% occupied, multi-tenant property boasts 11 tenants, including Shoe Show, USDA/FSA/Soil Conservation, and other diverse businesses, many resistant to online competition. Located on a 6.28-acre lot on US Highway 64 East, the center benefits from high traffic counts exceeding 9,885 vehicles daily and a prominent location shadow-anchored by a Walmart Supercenter. Nearby national and regional retailers further enhance its appeal. Built in 2003, the property features ample parking and a double-sided monument sign. Recent improvements include the installation of solar panels in 2023, reducing utility costs. The current gross lease structure presents significant upside potential through conversion to triple-net leases. The asking price is $3,362,000, representing a price per square foot of $126.62 and an 8.17% cap rate. The strong tenant mix, prime location, and recent improvements make this a compelling investment opportunity. The 10-mile population is approximately 14,877 with an average household income of $63,658. The property offers a well-below-replacement-cost investment in a strong retail market.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Wynne
- County
- Cross
- State
- Arkansas
- Longitude
- -90.7757
- Latitude
- 35.2526
