3400 Rogers Ave - Storefront FOR SALE


Fort Smith, AR 72903
$7,286,000 USD
424-330-2873
3400 Rogers Ave, Fort Smith, AR for Sale
$7,286,000 USD
Storefront - FOR SALE
1/8
null | 9.25% Cap Rate

3400 Rogers Ave
Fort Smith, AR 72903


HIGHLIGHTS

  • Fee Simple Ownership | Freestanding Drive-through Pad | Corporate Guaranteed Leases
  • Multiple Anchor Tenants | Early Renewals and Expansion
  • Heavy Capital Invested | New Roof with 20-Year Warranty |Resurfacing Southern Parking Lot
  • Within Dense Retail Corridor | Heart of Fort Smith
  • Strong Demographics in 5-Mile Trade Area
  • Located Along State Highway 22 (34,000 VPD) | Large Pylon Sign | Excellent Visibility & Access

OVERVIEW

SRS Real Estate Partners, LLC is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in Park Plaza, a 69,106 SF, 95% (Pending 100%) occupied, e-commerce resistant investment opportunity located in Fort Smith, Arkansas. The offering features a strip retail center and two freestanding pads, one of which has a drive-through. Corporate guaranteed tenants Harbor Freight Tools, Biomat, and Dollar General (S&P: BBB) anchor the property, occupying 53% of the GLA and constituting 50% of the base rent revenue. Biomat has been operating on site for more than 20 years, and recently signed a 5-year extension, demonstrating strong commitment to the site. Heavy capital improvement has been invested into the center at the expense of current owner, providing substantial savings on capital expenditure for a future investor.

FOR SALE DETAILS

PRICE

$7,286,000 USD

PRICE/SF

$105 USD /SF

CAP RATE

9.25%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Park Plaza | Newly Renovated Roof | DrThr Pad

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1958

SPRINKLERS

-

PARKING SPACES

304

LAND DETAILS

LAND ACRES

6.96 AC

LAND SF

303,178 SF

ZONING

C-4

APN/PARCEL ID

13617-0004-00005-02

ASK ABOUT THIS PROPERTY

Steven RobertsSRS Real Estate PartnersMore Info
424-330-2873

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Steven RobertsSRS Real Estate PartnersMore Info
424-330-2873

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