Property profile

2806 E Race Ave Searcy, AR 72143

FOR SALE
Outlet malls
Property ID
US05-1647044
6,754 SF 0.73 ac lot Built 2001
Entity Owned 8-yr Hold Absentee Owner Free & Clear
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For Sale
Contact for pricing 6,754 SF
2806 E Race Ave, Searcy, AR 72143
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Property summary

AI-generated overview

This exceptional investment opportunity presents a 7,000 square foot, Class A, single-tenant retail property located at 2806 E Race Ave, Searcy, AR 72143. The property, built in 2001, is currently leased to Advance Auto Parts under a Net Lease agreement with approximately 1.1 years remaining on a 26.4-year lease expiring December 31, 2025. The lease commenced September 1, 1999. The property boasts a strong 6.32% cap rate and a Net Operating Income (NOI) of $81,500, with an asking price of $1,290,000 ($184.29 per square foot). Situated on 0.73 acres in a high-traffic retail area near major employers and other retail brands, this property offers excellent visibility and strong tenant history. The property is zoned for commercial use, presenting potential for alternative ventures and future value appreciation. This is a rare opportunity to acquire a well-maintained asset in a rapidly growing Arkansas city with attractive demographics. While there are no remaining lease options, the strong tenant history and the property's location in a thriving area present opportunities for value enhancement through negotiation or alternative uses. The property consists of one building on a single unit. This is a compelling investment opportunity for those seeking strong returns in a stable market.

Property profile

Verified
Property type Outlet malls
Use group WHOLESALE OUTLET, DISCOUNT STORE
Year built 2001
Total area 6,754 SF
Lot 0.73 ac (31,799 SF)
APN 016-09963-001
UPID US05-1647044

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Pharmacy
  • Courier Service Postal Service

Location

2806 E Race Ave Searcy, AR 72143
Searcy metro Census 70700 SEARCY, AR MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$820k
Comparable Approach Comparable
$729k
Blend (final) Blend
$175k

Owner & transaction history

since 2018
2 recorded transactions
2018
$880,000
2014
$698,521

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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