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    Property profile & analytics
    FOR LEASE
    Strip malls

    650 S Service Rd, West Memphis, AR 72301

    28,746 SF 3.11 ac lot Built 2011
    Entity Owned 1-yr Hold Free & Clear
    Property ID
    US05-0313427
    Property summary
    AI-generated overview

    This exceptional 30,014 square-foot shopping center in West Memphis, Arkansas, presents a compelling investment opportunity. Located directly across from a high-performing Walmart Supercenter with over 2.7 million annual visits, this property boasts excellent visibility and accessibility at the I-40 & I-55 interchange, experiencing over 100,000 vehicles daily. The 100% occupied center features eight tenants, including a mix of national, regional, and local businesses, all operating under triple-net (NNN) leases, ensuring stable and predictable cash flow. Built in 2010, the single-story building sits on a 3.11-acre lot and benefits from staggered lease expirations and rent bumps. The diverse tenant mix includes restaurants, telecommunications, and apparel businesses. The property's strategic location, less than 10 miles from downtown Memphis, TN, and near major amenities, further enhances its value. With a 9.00% cap rate and a current NOI of $437,198, this stabilized, multi-tenant retail investment offers significant potential for future growth, particularly given that some tenants are currently paying below-market rents. The asking price is $4,860,000. This is a rare opportunity to acquire a dominant retail center in a thriving market.

    Property profile
    Verified
    Property type Strip malls
    Use group SHOPPING CENTER, STRIP CENTER
    Year built 2011
    Total area 28,746 SF
    Lot 3.11 ac (135,472 SF)
    APN 353530000000
    UPID US05-0313427
    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
    • Hi Nails Hair Salon Nail Salon
    • Street Gear West Memphis Clothing Store
    • Mi Pueblo West Memphis Restaurant
    • AT&T - Internet Service Provider Telecommunications Service Data Center
    • Lucky buffet Restaurant Buffet
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    $5.36M
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $4.72M
    Owner & transaction history
    Mrp West Memphis LLC · 1 yrs held
    Mrp West Memphis LLC
    since 2025
    Last sale
    $4.4M
    5 recorded transactions
    2025
    2025
    $4.4M
    2025
    2010
    2009
    $80,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Office building $3.2M +234.2%
    Restaurant $3.0M +211.3%
    Commercial (general) $2.9M +203.7%
    Try Rey
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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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