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    Property profile & analytics
    OFF-MARKET
    Strip malls

    214 Grand Ave, Hot Springs, AR 71901-4163

    12,432 SF 0.7 ac lot Built 1970
    Entity Owned Absentee Owner Free & Clear
    Property ID
    US05-2165455
    Property summary
    AI-generated overview

    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
    Verified
    Property type Strip malls
    Use group SHOPPING CENTER, STRIP CENTER
    Year built 1970
    Total area 12,432 SF
    Lot 0.7 ac (30,318 SF)
    APN 400-52950-005-000
    UPID US05-2165455
    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
    Current use
    Occupant on record · Public records
    • Domino's Pizza Take-out & Catering
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
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    Owner & transaction history
    GRAND AVE PLAZA ASSOC
    GRAND AVE PLAZA ASSOC
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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