Property summary
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
VerifiedCap rate & NOI
Current use
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Pharmacy
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Courier Service Postal Service
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
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2024Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
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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