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Vacant-User

Vacant Dollar General - Lepanto

329 W Broad St, Lepanto, AR 72354

Listing Price: $1

Gross SF
7,545
Rentable SF
7,545
Lot Size
0.67 acres
Year Built
1998

Investment Overview

Register to Bid and Access Due Diligence Documents on RI Marketplace Marcus & Millichap and RI Marketplace are pleased to present a vacant, free-standing, retail building located at 329 W Broad Street in Lepanto, Poinsett County, Arkansas (the “Property”). The Property is offered significantly below replacement cost and offers an exceptional owner/user or investment opportunity with significant value enhancement potential at a significant discount. The Property is comprised of a one-story, free-standing building totaling ±7,545 square feet. Positioned on ±0.689 acres of land (±29,999 square feet), the Property offers abundant parking with 24 surface spaces and access via one ingress/egress curb cuts located along the south side of W Broad Street. Built in 1998, the improvements are typical to the mid-90s Dollar General store designs and consist of a pre-engineered metal building with brick façade, a flat roof, an asphalt parking lot and easy to maintain landscaping. The Property was formerly occupied by Dollar General on a triple net lease at a rental rate of $44,413.32 per year ($5.89/SF) and offers potential investors the ability to acquire a free-standing retail building with significant value add through long term lease up, adaptive reuse, or repositioning. This former Dollar General is positioned adjacent to a Sonic drive-thru restaurant, is zoned R-S, Retail Service District, and offers favorable flexible zoning allowing for a variety of uses. The Retail Service District permits primarily general commercial activities designed to serve the community such as retail sales, office, and hotels. The Property is located in a secondary/rural market area at the south side of W Broad Street, just east of Sycamore Street, in the City of Lepanto, Poinsett County, Arkansas. The Property offers prime positioning within the market with 125’ feet of frontage on W. Broad Street which is also known as US Route 140 and is the primary traffic carrier for the market area. U.S. Route 140 is an east-west United States highway that connects to IH 55 to the east, a major interstate that provides direct access to Memphis and allows for easy access to the greater area. The Property is positioned between the larger cities of Jonesboro, Arkansas (±45-mi north) and Memphis, Tennessee (±40-mi south). The Property serves an expanded trade area with ±9,315 individuals with an AHHI of ±$51,563 (10-mi radius; 2021).

Investment Highlights

  • ABSOLUTE $1 AUCTION | ±7,545 SF | AUCTION MAY 23-25, 2022
  • 7,545 SF Former Dollar General Available at Significant Discount Below Replacement Cost
  • Built in 1998 and Suitable for a Variety of General Commercial Uses with Open Floor, Rear Storage Room, and Side Delivery Door
  • Nearby Traffic Drivers: Sonic, Family Dollar, Dollar Tree, East Poinsett County School District
  • Easily Accessible with Direct Frontage on W Broad Street in Commercial/Retail Node
  • Absolute $1 Auction – First Bid Meets Reserve

Exclusively Listed By

Broker of Record

  • Anne Williams

    First Vice President Investments

    (901) 620-3600

    License(s) AR: PB00066390

    Arkansas

Vacant-User

Vacant Dollar General - Lepanto

Listing Price: $1

Gross SF
7,545
Rentable SF
7,545
Lot Size
0.67 acres
Year Built
1998

Investment Highlights

  • ABSOLUTE $1 AUCTION | ±7,545 SF | AUCTION MAY 23-25, 2022
  • 7,545 SF Former Dollar General Available at Significant Discount Below Replacement Cost
  • Built in 1998 and Suitable for a Variety of General Commercial Uses with Open Floor, Rear Storage Room, and Side Delivery Door
  • Nearby Traffic Drivers: Sonic, Family Dollar, Dollar Tree, East Poinsett County School District
  • Easily Accessible with Direct Frontage on W Broad Street in Commercial/Retail Node
  • Absolute $1 Auction – First Bid Meets Reserve

Investment Overview

Register to Bid and Access Due Diligence Documents on RI Marketplace Marcus & Millichap and RI Marketplace are pleased to present a vacant, free-standing, retail building located at 329 W Broad Street in Lepanto, Poinsett County, Arkansas (the “Property”). The Property is offered significantly below replacement cost and offers an exceptional owner/user or investment opportunity with significant value enhancement potential at a significant discount. The Property is comprised of a one-story, free-standing building totaling ±7,545 square feet. Positioned on ±0.689 acres of land (±29,999 square feet), the Property offers abundant parking with 24 surface spaces and access via one ingress/egress curb cuts located along the south side of W Broad Street. Built in 1998, the improvements are typical to the mid-90s Dollar General store designs and consist of a pre-engineered metal building with brick façade, a flat roof, an asphalt parking lot and easy to maintain landscaping. The Property was formerly occupied by Dollar General on a triple net lease at a rental rate of $44,413.32 per year ($5.89/SF) and offers potential investors the ability to acquire a free-standing retail building with significant value add through long term lease up, adaptive reuse, or repositioning. This former Dollar General is positioned adjacent to a Sonic drive-thru restaurant, is zoned R-S, Retail Service District, and offers favorable flexible zoning allowing for a variety of uses. The Retail Service District permits primarily general commercial activities designed to serve the community such as retail sales, office, and hotels. The Property is located in a secondary/rural market area at the south side of W Broad Street, just east of Sycamore Street, in the City of Lepanto, Poinsett County, Arkansas. The Property offers prime positioning within the market with 125’ feet of frontage on W. Broad Street which is also known as US Route 140 and is the primary traffic carrier for the market area. U.S. Route 140 is an east-west United States highway that connects to IH 55 to the east, a major interstate that provides direct access to Memphis and allows for easy access to the greater area. The Property is positioned between the larger cities of Jonesboro, Arkansas (±45-mi north) and Memphis, Tennessee (±40-mi south). The Property serves an expanded trade area with ±9,315 individuals with an AHHI of ±$51,563 (10-mi radius; 2021).

Exclusively Listed By

Broker of Record

  • Anne Williams

    First Vice President Investments

    (901) 620-3600

    License(s): AR: PB00066390

    Arkansas

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