Conway Market Place | Value Add Multi-Tenant Shopping Center
$2,038,000
3920 Dave Ward Drive, Conway, AR 72034
For Sale
Retail
Neighborhood Center
Pending
Last Updated: 01/04/2021
7
Cap Rate
141,986
NOI
Details:
Cap Rate: 7%
NOI: $141,986
Building Size: 35,380 sqft
Occupancy: 49.29%
Year Built: 2001
Price Per Sqft: $57.60
Highlights:
- Value Add Multi-Tenant Investment Opportunity
- Dollar Tree is a Proven Anchor Tenant With Long Term Operating History and Strong Corporate Guarantee (BBB- S&P Credit Rating)
- This Shopping Center is Strategically Located Adjacent to Walmart Which a Major Traffic Driver For This Retail Corridor
- Outstanding Traffic With 39,000 Vehicles Per Day Along Dave Ward Drive
- 5.5-Miles to Interstate 40 Which Runs South Into Little Rock or 40 Minute Drive
- Strong Demographics With a Population of 64,027 Residents Making an Average Household Income of $69,707 Within a 5-Mile Radius
- 2.5-Miles to the University of Central Arkansas (Serving Over 12,000 Students) and the First Security Field at Estes Stadium (10,000 Seats)
- Conway is Part of the State’s Most Populous MSA of Central Arkansas; It Also Serves as a Shopping, Educational, Work, Healthcare, Sports and Cultural Hub for the County and Surrounding Areas
- The Major Employers of the Area Include Acxiom, University of Central Arkansas, Conway Regional Health Systems, Conway Human Development Center and Conway Public School District
- Nearby Tenants Include: Walmart Supercenter, Dollar Tree, Great Clips, Murphy Gas, Zaxby’s, Wendy’s, O’Reilly Auto Parts, Advance Auto Parts and Thunder Alley Grand Prix
Description:
Sands Investment Group is Pleased to Offer For Sale the 35,380 SF Conway Market Place Located at 3920 Dave Ward Drive in Conway, AR. This Deal Includes a Value-Add Multi-Tenant Shopping Center With 6 Tenants and 4 Vacant Opportunities, Providing For a Unique Investment.
In Cooperation With Sands Investment Group Arkansas, LLC - Lic. # PB00085157
Documents:
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Offering Memorandum |
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