650 S Service Rd, West Memphis, AR 72301
For Lease
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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.
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Hi Nails Hair Salon Nail Salon
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Street Gear West Memphis Clothing Store
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Mi Pueblo West Memphis Restaurant
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AT&T - Internet Service Provider Telecommunications Service Data Center
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Lucky buffet Restaurant Buffet
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.