REIT Sale | Former Family Dollar | Little Rock MSA | Built 2005 | 6K VPD

Highlights:

• 9,058 SF Freestanding Value-Add Retail Available at Substantial Discount Below Replacement Cost
• Built in 2005; Former Family Dollar with Open Floor, Rear Storage Room, and Side Door for Deliveries
• Surrounding Traffic Generators: Sonic, Days Inn, Subway, and more; Access to I-40 with 36K VPD
• Strategic Frontage and Visibility on N Bobby L Glover Hwy with Traffic Counts of 6,423 VPD
• Zoned C 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/2592/reit-sale-former-family-dollar-little-rock-msa-built-2005-6k-vpd?utm_source=brevitas&utm_medium=listing&utm_campaign=external&utm_content=retail_2592

Marcus & Millichap and RI Marketplace are pleased to present a vacant, free-standing retail/restaurant building located at 1395 N Bobby L Glover Hwy in Carlisle, Arkansas 72024 (the “Property”). Formerly occupied by Dollar General, 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 substantial value enhancement potential. FIRST BID MEETS RESERVE!

Constructed in 2005, the Property comprises a single-story retail building totaling ±9,058 square feet, situated on a ±0.9-acre parcel (±39,000 SF) with 27 surface parking spaces and two points of ingress/egress. Previously leased to Dollar General 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: $5-7/SF NNN). Zoned C, General Commercial, by the City of Carlisle, the Property supports a wide range of commercial uses—providing flexibility for redevelopment, re-tenanting, or adaptive re-use in line with evolving market needs.

Carlisle is located in Lonoke County in central Arkansas, approximately ±30-mi east of Little Rock, and serves as a small but strategically positioned community along the U.S. Highway 70 and Interstate 40 corridors. The city is situated a half mile south of I-40 (Exit 183) with over 36k VPD, providing direct regional access to Little Rock, North Little Rock, and eastward to Forrest City, Memphis, and the greater areas. The Property sits along N Bobby L Glover Hwy (HW-13), a primary commercial corridor in Carlisle, offering visibility to both local residents and pass-through traffic with ±6,423 vehicles passing the site daily. The Property sits conveniently between I-40 and just a mile North of HWY-70 with 5,640 VPD. Although modest in population, Carlisle functions as a local service hub for surrounding agricultural areas and I-40 travelers. The Carlisle School District, which enrolls roughly 600 students, contributes to daily traffic and supports consistent retail and service activity. The city’s proximity to larger regional employers in Lonoke, Stuttgart, and North Little Rock further enhances its economic relevance within the central Arkansas region. With its direct interstate access, flexible layout, and location along a primary arterial, the Property is well-positioned for a variety of retail, service, or community-oriented uses. Additionally, the surrounding 10-mi trade area includes nearly 10,000 residents with an average household income exceeding $73,250, supporting long-term viability for local businesses. Carlisle’s interstate proximity, low operating costs, and strategic central location make it an ideal candidate for repositioning or redevelopment at a highly accessible price point.


David Stafford
License: 372
Broker License # is PB00046546

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