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$539,000
Est. payment /mo
6,012 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 6,012 sqft
Price per Sqft $89
MLS Listing ID 1354985
HOA Y/N No
Year Built 1984
Lot Size 1.170 Acres
Acres 1.17
Property Sub-Type Retail
Property Description
This fully-leased, three-tenant retail center at 1009 N Hervey St offers investors a rare combination of strong in-place income and an outstanding 11% cap rate. The 6,000 SF building is 100% occupied by a mix of national, regional, and local tenants, providing built-in diversification and reduced rollover risk. All leases are structured as NNN or modified gross, minimizing landlord responsibilities and supporting stable, low-management cash flow. The sale also includes an adjacent 0.83-acre vacant lot behind the building, offering future expansion, outparcel development, or additional parking potential. Positioned along a well-traveled Hervey Street corridor in Hope, Arkansas, this is a turnkey investment opportunity for a buyer seeking dependable returns with upside.
Location
State AR
Direction From I-30 Take exit 30 onto N Hervey St. Head east and the property will be on your left next to Super 1 Foods.
Exterior
Present Use Retail
Road Frontage Main Thoroughfare
Building
Lot Description Central Business District
New Construction No
Others
Special Listing Condition None
Virtual Tour https://tour.nwarealtors.org/1009-N-Hervey-Street-Hope-AR-71801/unbranded
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Listed by Lindsey & Associates Inc
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