899 Park Ave Hot Springs, AR 71901-3004
Property profile & analytics
899 Park Ave Hot Springs, AR 71901-3004
- Outlet malls
- 11,700 SF
- 0.68 lot acres
Property ID
US05-1590149
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Family Dollar / Discount Store
Property Details for 899 Park Ave
- Year built
- 1960
- Lot size
- 0.68 lot acres
- Property size
- 11,700 SF
- Property type
- Outlet malls
- Property subtype
- Shopping centers
- APN
- 400-46980-001-000C
- APU
- 40046980001000C
Description
This exceptional investment opportunity presents a single-tenant, net-leased Family Dollar convenience store located at 899 Park Ave, Hot Springs, AR 71901. The 11,830 square foot building, constructed in 1960 and situated on a highly visible lot on Park Avenue, boasts 100% occupancy with a strong, established tenant. Family Dollar has occupied the property since August 7, 2003, and the current lease has four years remaining, with two additional five-year lease options featuring rent bumps at each renewal. The property generates a substantial net operating income (NOI) of $63,985, resulting in an attractive 6.75% cap rate. The asking price is $947,933, making this a compelling proposition for investors seeking a stable, high-yield retail asset. The property benefits from a recent roof replacement and is situated in a densely populated area with a five-mile population of 36,006 and a five-mile household income of $57,992. This presents a rare opportunity to acquire a well-established, income-producing retail property in a desirable location. The property is offered as a 1031 exchange opportunity. This is a gross lease.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Hot Springs
- County
- Garland
- State
- Arkansas
- Longitude
- -93.0486
- Latitude
- 34.5307
- CBSA code
- 26300
- CBSA name
- HOT SPRINGS, AR METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$2,967
$11,480
$58,250
$69,730
-
$57,400
$291,250
$348,650
