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    FOR LEASE
    Outlet malls

    101 N Poplar St, Searcy, AR 72143

    91,577 SF 7.06 ac lot Built 1983
    Entity Owned 2-yr Hold Absentee Owner Free & Clear
    Property ID
    US05-2093305
    Property summary
    AI-generated overview

    This exceptional retail opportunity presents approximately 30,000 square feet of space in Searcy, Arkansas's Town & Country Plaza. Located on Poplar Street and easily accessible from Race Street and US Highway 64, this Class B property boasts high visibility and significant daily traffic exceeding 23,000 vehicles on US Highway 64 and over 26,000 on Race Street. The property, built in 1983, sits on a 7.06-acre lot and is zoned C-2. Previously occupied by Tractor Supply, this single-tenant space features convenient roll-up doors and a truck-height docking facility, ideal for efficient loading and unloading. Ample parking is available to accommodate a large customer base. The property is part of an established shopping center anchored by national brands including Ashley Homestore, JC Penney, Big Lots, Maurices, Gamble Home, and Hibbett Sports. Exciting renovations are planned for this section of the plaza, creating a modern and attractive retail environment. A tenant allowance is available to assist with build-out, and the landlord may be able to expand the space by up to an additional 15,000 square feet to meet tenant needs. The APN is 016-09938-002.

    Property profile
    Verified
    Property type Outlet malls
    Use group WHOLESALE OUTLET, DISCOUNT STORE
    Year built 1983
    Total area 91,577 SF
    Lot 7.06 ac (307,534 SF)
    APN 016-09938-002
    UPID US05-2093305
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $5.28M
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $5.86M
    Blend (final) Blend
    $5.28M
    Owner & transaction history
    Gamble Land Company LLC · 2 yrs held
    Gamble Land Company LLC
    since 2024
    Last sale
    $5.3M
    2 recorded transactions
    2024
    $5.3M
    2018
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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