3113 E Race Ave - Restaurant FOR SALE


Searcy, AR 72143
$3,581,500 USD
870-336-8000
3113 E Race Ave, Searcy, AR for Sale
$3,581,500 USD
Restaurant - FOR SALE
1/5
null | 6.5% Cap Rate

3113 E Race Ave
Searcy, AR 72143


HIGHLIGHTS

  • Brand New 10 Year Chipotle Lease
  • National Brands
  • Strategically Located in a Growth Market
  • Directly Across from White County Medical Center
  • Surrounded by Meaningful Development

OVERVIEW

This modern 7,800 sq. ft. retail center is strategically located directly across from Unity Health Medical Campus and anchored by three strong tenants: Chipotle, Verizon, and Great Clips. With 170 feet of frontage and 280 feet of depth, the property offers excellent visibility and access. Prime Location: Situated at the entrance to the Unity Health - White County Medical Center, a leading healthcare provider in the region with 1,750 employees, 438 licensed beds, and 150 physicians. High Traffic Exposure: The center enjoys daily exposure to over 22,000 vehicles and is just west of Highway 67. Strong Tenant Mix: Multiple national tenants occupy the center, including a brand new Chipotle that opened in December of 2024. Searcy is Exploding: Searcy is an economic hub in White County, home to two universities—Harding University and Arkansas State University Searcy—as well as major employers like White County Medical Center and Wal-Mart Distribution. The city boasts a thriving economy, a diverse local workforce, and a low unemployment rate. Searcy’s stable economy, combined with its growing population, has made it an attractive destination for commercial businesses, and the retail market continues to perform strongly. The city is home to national retailers like Chili’s, Walmart Supercenter, Hobby Lobby, McAlister’s, Lowes, and ULTA, alongside a vibrant mix of boutiques and local restaurants. Investment Opportunity: This property represents a solid investment in a healthy, growing market. With its strategic location, strong tenant mix, and exposure to a high-traffic corridor, this retail center is poised for long-term success.

FOR SALE DETAILS

PRICE

$3,581,500 USD

PRICE/SF

$442 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

NN+ Chipotle Anchored Retail Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2017

SPRINKLERS

-

PARKING SPACES

54

LAND DETAILS

LAND ACRES

1.11 AC

LAND SF

48,352 SF

ZONING

Commercial

APN/PARCEL ID

016-01764-902

ASK ABOUT THIS PROPERTY

Nathan EllerHaag Brown CommercialMore Info
870-336-8000

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Nathan EllerHaag Brown CommercialMore Info
870-336-8000

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.