REIT Sale | Former Family Dollar | 2014 Built

Highlights:

• 8,489 SF Freestanding Value-Add Retail Available at Substantial Discount Below Replacement Cost
• Built in 2014; Former Family Dollar with Open Floor, Rear Storage Room, and Side Door for Deliveries
• Surrounding Traffic Generators: Dollar General, Bearden High School, Bearden Health Center, USPS, Bank of Bearden
• Hard Corner with Strategic Highway Frontage and Visibility on US-79B with Access to US Highway 79 and I-30
• Zoned C-1 Commercial District with a Variety of Uses
• Absolute $1 Auction – NO RESERVE!

Description:

RI Marketplace Online Auction July 28-30, 2025
Register to bid on Marketplace:

https://rimarketplace.com/auction/2555/reit-sale-former-family-dollar-2014-built?utm_source=brevitas&utm_medium=listing&utm_campaign=external&utm_content=retail_2555

Marcus & Millichap and RI Marketplace are pleased to present a vacant, free-standing retail/restaurant building located at 145 North School Street in Bearden, Arkansas 71720 (the “Property”). Formerly occupied by Family Dollar, the Property is being offered significantly below replacement cost, creating a compelling opportunity for owner/users or investors to acquire a well-located commercial asset with meaningful value enhancement potential. FIRST BID MEETS RESERVE!

Constructed in 2014, the Property consists of a single-story retail building totaling ±8,489 SF, situated on a ±0.643-acre parcel (±28,000 SF) with 30 surface parking spaces and two points of ingress/egress. Previously leased to Family Dollar on a triple net (NNN) basis, the offering presents a strong value-add opportunity to reposition and lease the space at current market rates (CoStar-estimated retail rents: $8–$9/SF NNN). Zoned C-1, Commercial District, the Property accommodates a wide range of commercial uses, providing flexibility for redevelopment, re-tenanting, or repurposing to meet evolving market demand.

Bearden is located in Ouachita County in southern Arkansas and serves as a small but strategic commercial node within the region. Positioned along U.S. Highway 79 with nearly 3k vehicales passing the area daily, the city offers convenient access to Interstate 30 via nearby regional connectors, enabling efficient travel to Little Rock (±90-mi northeast) and Texarkana (±75-mi southwest). The Property is prominently situated along 1st St NW (US-79 BUS) with ±1,282 VPD at the corner of North School St, a central corridor in Bearden that connects to local neighborhoods, schools, and civic buildings, offering strong visibility and accessibility for retail or service-oriented users. Though small in population, Bearden functions as a key support community for larger employment centers such as Camden and East Camden, both within ±20-mi, home to major employers like Highland Industrial Park, Lockheed Martin, Aerojet Rocketdyne, and Raytheon. Bearden School District serves ±700 students, contributing to regular local traffic and daily consumer activity. The surrounding area also includes essential employers such as Hostess Brands and Veolia North America, located within ±15-mi, both of which support manufacturing and industrial employment in the broader Ouachita County area. Within a 10-mi trade area, the population totals approximately ±3,626 residents, with an average household income of over $64,715. Bearden’s strategic location along US-79, its proximity to industrial and institutional demand drivers in nearby Camden, and its accessible site layout make this Property a strong candidate for repositioning or re-tenanting to serve regional retail or essential services needs.


David Stafford
License: 372
Broker License # is PB00046546

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