REIT Sale | Former Pizza Hut | Metro Little Rock | 8K VPD

Highlights:

• Freestanding Former Pizza Hut Available at Significant Discount Below Replacement Cost
• 8,428 VPD Traffic Counts at Hard Corner with Prime Highway Frontage and Visibility on US-67 (N 10th St)
• Demand Drivers: Henderson State University, Ouachita Baptist University (0.5-miles), Baptist Health Medical Center
• Attractive Demographics with Average Household Income of $76,465 and Population of ±16,830 (10-Mile)
• Zoned C-3, General 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/2556/reit-sale-former-pizza-hut-metro-little-rock-8k-vpd?utm_source=brevitas&utm_medium=listing&utm_campaign=external&utm_content=mixeduse_2568

Marcus & Millichap and RI Marketplace are pleased to present a vacant, free-standing restaurant/retail building located at 1201 N 10th Street in Arkadelphia, Arkansas 71923 (the “Property”). Formerly occupied by Pizza Hut, the Property is being offered significantly below replacement cost, creating an attractive opportunity for owner/users or investors to acquire a well-located commercial asset with substantial value enhancement potential. FIRST BID MEETS RESERVE!

Built in 1980, the Property consists of a one-story, free-standing, single-tenant, second-generation restaurant/retail building totaling ±2,480 square feet. Situated on a ±0.59-acre parcel (±25,789 SF), the site includes 39 total surface parking spaces, one curb cut for ingress/egress, and ±8,428 VPD traffic counts along N 10th Street (U.S. HWY 67). Previously leased on a net lease basis, the tenant’s lease expired on March 31, 2025, providing a compelling value-add opportunity for lease-up at long-term market rates (CoStar estimated rents of $15/SF Full Service). Zoned C-3, General Commercial, the Property benefits from flexible commercial zoning that allows for a wide variety of uses. The existing infrastructure—including a recognizable restaurant footprint, existing kitchen layout, and parking—makes the site ideal for restaurant reuse, retail repositioning, or redevelopment for alternative commercial uses.

Arkadelphia is located in Clark County, within the broader “Metro Little Rock” region, and is strategically positioned along Interstate 30, approximately midway between Little Rock and Texarkana. This location provides efficient access to regional markets while serving as a key commercial and institutional hub for the surrounding area. The Property is conveniently located on N 10th Street, a primary local arterial that connects residential neighborhoods, schools, and commercial zones. The site offers excellent accessibility within the city and is located just ±5-min from I-30, which sees an average daily traffic count of ±29,900 VPD, enhancing regional connectivity for potential retail or service-oriented users. Arkadelphia is anchored by two prominent higher education institutions—Ouachita Baptist University and Henderson State University, located less than ±1-mi from the Property. Together, these schools enroll over 4,000 students and play a critical role in supporting the local economy, cultural activity, and demand for food, services, and retail. The Arkadelphia School District, with ±800 students, further contributes to the area’s educational footprint and daily population movement. Major employers in the surrounding area include Hostess Brands and Veolia North America, both located within ±4-mi of the site. These industrial operators serve as key drivers of employment and economic activity in Clark County. In addition, the Baptist Health Medical Center – Arkadelphia, located less than ±2 miles away, is the region’s primary healthcare facility with 25 beds and consistent daily traffic from medical professionals, patients, and support staff. The Property is situated within a 10-mi trade area with ±16,830 residents and an average household income exceeding $76,000.


David Stafford
License: 372
Broker License # is PB00046546

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