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    FOR LEASE
    Community centers

    504 E Centerton Blvd, Centerton, AR 72719

    15,211 SF 2.77 ac lot Built 2020
    Entity Owned 6-yr Hold ~ Est. High Equity
    Property ID
    US05-1715230
    Property summary
    AI-generated overview

    This exceptional Class A retail and office space, located at 504 E Centerton Blvd in Centerton, Arkansas, 72719, presents a unique opportunity for businesses seeking a vibrant and growing location. The property, built in 2020, comprises a single-story, 15,000 square foot building, offering multiple tenancy options. Currently, 1,800 square feet of vacant space is immediately available, with a minimum divisible unit of 1,000 square feet. This allows for flexibility to accommodate various business needs and expansion plans. The property benefits from its high-traffic location on Centerton Boulevard, experiencing approximately 28,000 vehicles per day. Centerton's rapid growth makes this an ideal spot for businesses looking to establish or expand their presence in a thriving market. The space is part of the Lake View Plaza, a multi-tenant building offering a collaborative and convenient environment. Leasing terms are Net, Net, Net (NNN), with tenants responsible for utilities. This prime location and modern building offer a compelling opportunity for businesses seeking a strategic advantage in a dynamic market. The property's convenient access and visibility on Centerton Boulevard ensure high visibility and accessibility for customers. The available space is perfect for a variety of retail or office uses, providing a flexible and adaptable environment for businesses of all sizes.

    Property profile
    Verified
    Property type Community centers
    Use group MINI-MALL
    Year built 2020
    Total area 15,211 SF
    Lot 2.77 ac (120,661 SF)
    APN 06-00081-012
    UPID US05-1715230
    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
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $2.09M
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $1.95M
    Owner & transaction history
    Pen Farms LLC · 6 yrs held
    Pen Farms LLC
    since 2020
    Last sale
    $1.9M
    7 recorded transactions
    2020
    2020
    $1.9M
    2019
    2019
    $850,000
    2018
    1969
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Commercial (general) $3.1M +13.9%
    Auto repair, garage $3.1M +11.8%
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    More about this property
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