Property summary
Grand Avenue Plaza presents a prime retail investment opportunity in Hot Springs, Arkansas. This 10,870-square-foot freestanding strip center is situated on a high-traffic intersection at 214 E Grand Ave, 71901, boasting over 15,000 vehicles per day. The 0.71-acre lot provides ample parking for customers. The property's Net Net Net (NNN) lease structure offers a straightforward ownership experience. The multi-tenant configuration allows for diverse income streams. This location benefits from excellent visibility and proximity to established businesses, including McDonald's and Walgreens, ensuring a strong customer base. The property's retail nature and strategic placement make it an attractive option for investors seeking a stable and potentially high-return investment in a thriving commercial area of Garland County. The property is classified as a shopping center and strip center, offering flexibility for a variety of retail tenants. This is a rare opportunity to acquire a well-located, established retail center in a growing market. The property's size and location make it ideal for a variety of retail uses.
Property profile
VerifiedCap rate & NOI
Current use
-
Take-out & Catering
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2024Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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