700 Sebastian St. West Helena Ar 72390 Helena-West Helena, AR 72390

Property Details for 700 Sebastian St. West Helena Ar 72390

Property type

Lifestyle centers

Property subtype

Power centers

Description

This exceptional investment opportunity presents a multi-tenant retail center, HM Plaza, situated on a prime retail corridor in West Helena, Arkansas. The property boasts a total of 53,200 square feet and is anchored by a 40,000 square foot Home Hardware Center, which recently extended its lease through May 16, 2025. This provides strong, long-term income stability. The center enjoys a 100% occupancy rate, generating a Net Operating Income (NOI) of $210,112, resulting in an attractive 8.00% cap rate. The asking price is $2,626,395. HM Plaza benefits from its strategic location adjacent to a Wal-Mart Supercenter and other prominent retailers and service providers, ensuring high visibility and consistent traffic. With seven tenants and one vacancy offering upside potential, this property presents minimal landlord responsibilities, as the anchor tenant operates under a NNN lease. The property's strong demographics, with over 13,352 residents within a 5-mile radius, and a traffic count exceeding 11,000 vehicles per day on Sebastian Street, further enhance its investment appeal. The current lease term is 5 years, commencing May 17, 2020, and expiring May 16, 2025, with 0.5 years remaining. This well-positioned retail center offers a compelling investment opportunity for discerning buyers seeking strong cash flow and long-term growth potential.

Location Insight

City

Helena-West Helena

County

Phillips

State

Arkansas

Longitude

-90.6535

Latitude

34.5559