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    FOR LEASE
    Outlet malls

    2223 W Walnut St, Rogers, AR 72756

    54,342 SF 4.11 ac lot
    Entity Owned 18-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US05-0037053
    Property summary
    AI-generated overview

    This exceptional retail sublease opportunity in Rogers, AR, offers approximately 22,000 square feet of space within a larger 54,342 square foot building situated on a 4.13-acre lot (APN: 02-01017-000, Benton County). The property boasts a prime location at 2223 W Walnut St, 72756, benefiting from high traffic counts on W. Walnut St (23,000 cars daily) and nearby access to N. Dixieland Rd (14,000 cars daily). This storefront property is part of a multi-tenant building with only two suites, and the entire 22,000 square feet is currently vacant and available for sublease. The building is anchored by a well-established home improvement store, and enjoys close proximity to major retailers including Walmart Supercenter, Hobby Lobby, and the Frisco Station Mall, ensuring high visibility and foot traffic. The sublease term extends through September 2028, with two additional five-year options available, providing long-term stability for the tenant. This presents a rare opportunity to secure a substantial retail space in a thriving commercial area with excellent visibility and strong surrounding businesses. The property is classified as retail storefront with multiple tenancies.

    Property profile
    Verified
    Property type Outlet malls
    Use group WHOLESALE OUTLET, DISCOUNT STORE
    Total area 54,342 SF
    Lot 4.11 ac (179,032 SF)
    APN 02-01017-000
    UPID US05-0037053
    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
    • The Salvation Army Thrift Store Discount Store
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $5.56M
    Blend (final) Blend
    $4.45M
    Owner & transaction history
    Smitco Eateries INC · 18 yrs held
    Smitco Eateries INC
    since 2007
    7 recorded transactions
    2010
    2008
    2008
    2007
    $336,000
    2004
    1969
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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