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    FOR LEASE
    Strip malls

    1409 Malcolm Ave, Newport, AR 72112-3617

    5,892 SF 0.81 ac lot Built 1980
    Entity Owned Absentee Owner Free & Clear
    Property ID
    US05-0932328
    Property summary
    AI-generated overview

    This exceptional retail opportunity is located at 1409 Malcolm Avenue, Suite B, in Newport, Arkansas, 72112. The property boasts a prime location on a busy thoroughfare, experiencing high traffic counts exceeding 14,000 vehicles daily, ensuring maximum visibility for your business. The single-story, 7,200 square foot building, constructed in 1982 and renovated in 2002, is classified as Class B and sits on a one-acre lot (15,000 square feet). Currently, 4,200 square feet of space is available, divisible into units ranging from 1,200 to 3,000 contiguous square feet. The property features ample parking with dual access points, enhancing customer convenience. Benefit from prominent marquee signage opportunities to increase brand awareness. The property is well-managed with a triple net (NNN) lease rate of $1.50 per square foot. Flexible lease terms are available, along with build-to-suit (BTS) and tenant improvement (TI) allowances to customize the space to your specific needs. Join established inline tenants, including Cricket Wireless and Tobacco USA. Property taxes are $0.35 per square foot. No elevators are present.

    Property profile
    Verified
    Property type Strip malls
    Use group SHOPPING CENTER, STRIP CENTER
    Year built 1980
    Total area 5,892 SF
    Lot 0.81 ac (35,501 SF)
    APN 013-03074-000
    UPID US05-0932328
    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
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    Owner & transaction history
    ARCARRICO LLC
    ARCARRICO LLC
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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