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Property profile & analytics
FOR LEASE
Strip malls

1515 East Harding St Morrilton, AR 72110

87,640 SF 8.63 ac lot Built 1977
Entity Owned 7-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US05-0984575
Property summary
AI-generated overview

Riverland Shopping Center presents a unique opportunity for retail businesses seeking high visibility and strong foot traffic. This established shopping center, located in Morrilton, Arkansas, boasts 80,000 square feet of retail space spread across two buildings. The property enjoys an exceptional location on Morrilton's busiest road, ensuring maximum exposure to potential customers. Its prime position offers excellent visibility from East Harding Street, a key thoroughfare in the area. Ample parking is available for both tenants and shoppers, enhancing convenience and accessibility. The center's strategic proximity to Interstate 40 and Morrilton High School guarantees a consistent flow of traffic and a diverse customer base. Spaces range from a minimum of 4,000 square feet to a maximum contiguous space of 21,000 square feet, with 30,000 square feet currently vacant. Currently, successful businesses such as Ortega's Mexican and North Plaza Nutrition call Riverland Shopping Center home, creating a thriving retail environment. This is an exceptional opportunity to establish or expand your business in a well-established and highly visible location within Conway County. The property's strong tenant mix and convenient location make it an ideal investment for discerning businesses seeking a prime retail space in a growing market.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1977
Total area 87,640 SF
Lot 8.63 ac (375,923 SF)
APN 006-00098-000-C
UPID US05-0984575
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
$795k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$795k
Owner & transaction history
Cheek Rental Properties LLC · 7 yrs held
Cheek Rental Properties LLC
since 2019
2 recorded transactions
2019
Price N/A
2017
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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