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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 6-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 · 6 yrs held
    Cheek Rental Properties LLC
    since 2019
    2 recorded transactions
    2019
    2017
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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