REIT Sale | Former Family Dollar & Dollar Tree | 2023 Built | 1.5 Acres

Highlights:

• 10,762 SF Freestanding Value-Add Retail on 1.58 Acres Available at Substantial Discount Below Replacement Cost
• Built in 2023; Former Family Dollar & Dollar Tree Combo Store with Open Floor, Rear Storage Room, and Side Door for Deliveries
• Surrounding Traffic Generators: USPS, Hector Pharmacy, High School, Hector Elementary School, City Hall, Library, Fire Dept
• Strategic Highway Frontage and Visibility on State Route 27
• No Zoning, Allowing for a Variety of Redevelopment or Alternative Commercial Uses
• Attractive Demographics with $68,551 Average Household Income (10-mile)

Description:

Ri Marketplace Online Auction November 3-5, 2025
Register to bid on Marketplace:

https://rimarketplace.com/auction/2751/reit-sale-former-family-dollar-dollar-tree-2023-built-1.5-acres?utm_source=brevitas&utm_medium=listing&utm_campaign=external&utm_content=retail_2751

Marcus & Millichap and RI Marketplace are pleased to present a vacant, free-standing retail building located at 11392 State Route 27 in Hector, Arkansas 72843 (the “Property”). Formerly occupied by Family Dollar–Dollar Tree, the Property is being offered significantly below replacement cost, creating an exceptional opportunity for owner-users or investors to acquire a highly visible retail asset with direct highway frontage at a compelling basis. FIRST BID MEETS RESERVE!

Built in 2023, the Property consists of a ±10,762-SF single-story retail building situated on a ±1.58-acre parcel (±68,949 SF) with 33 surface parking spaces. The building features modern construction and is partially built-out in a standard retail layout, offering flexibility for a variety of users. The site provides one point of ingress/egress and ±181 feet of frontage along State Route 27/Arkansas Highway 27, ensuring strong visibility and accessibility. Previously operated as a dual-store format, the Property was leased to Family Dollar–Dollar Tree on a triple-net (NNN) basis. The Property presents a value-add opportunity through lease-up at long-term market rates, with CoStar estimating rents in the range of $4-$5/SF NNN. With no zoning ordinance or zoning regulations in the City of Hector, the Property supports a wide variety of commercial uses, further enhancing its flexibility and appeal for both investors and owner-users seeking a well-positioned asset at an attractive cost basis.

The Property is located in Hector, Arkansas, a community in Pope County positioned along State Route 27, a key north–south corridor in central Arkansas. The site benefits from direct frontage along SR-27 with ±1,828 VPD and convenient access to U.S. Highway 64 and Interstate 40 (±20-mi south in Russellville), providing regional connectivity to Little Rock (±80-mi southeast) and Fort Smith (±100-mi west). Hector is 15-minutes from Dover and less than ±30-minutes from Russellville, the Arkansas River Valley’s primary employment and retail hub, home to Arkansas Tech University (±10,000 students), St. Mary’s Regional Medical Center, and major manufacturing operations including Tyson Foods, Conagra, and International Paper. The immediate trade area is supported by a mix of local businesses, schools, and civic institutions, while nearby anchors such as Dollar General, Wild Cat Pizza Shack, White Oak Medical Clinic, and Hector High School generate consistent consumer activity. Outdoor amenities including the Ozark National Forest, Lake Dardanelle, and Petit Jean State Park further contribute to tourism, recreation, and year-round demand. As a commercial and service hub within Pope County, Hector draws residents from neighboring communities for retail, dining, and essential services, reinforcing the Property’s strategic positioning along a high-visibility local corridor. With a population of approximately ±10,376 residents within a 10-mi area and more than ±64,500 residents countywide—supported by an average household income (AHHI) above $68k—the Hector trade area is further strengthened by its ties to agriculture, manufacturing, and regional transportation.

David Stafford
*
License: 372
Broker License # is PB00046546
The platform fee for this transaction is the greater of 5.00% or a minimum of $20,000.

Documents: