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Conway Market Place | Value Add Multi-Tenant Shopping Center

$2,038,000

3920 Dave Ward Drive, Conway, AR 72034

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

Map:
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Offering Memorandum
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