$1 Auction-REIT Sale | Former Dollar General 106 E Main St 7,508 SF Retail Building Gassville, AR 72635 $85,000 ($11.32/SF)

Marcus & Millichap is pleased to present the opportunity to acquire a vacant, free-standing retail building located at 106 East Main Street, Gassville, Baxter County, Arkansas 72635 (the “Property”). Formerly occupied by Dollar General, the Property is being offered significantly below replacement cost, creating an excellent opportunity for owner-users or investors to secure a highly visible retail asset with direct highway frontage at a compelling basis. FIRST BID MEETS RESERVE!
Constructed in 1999, the Property consists of a ±7,508-SF single-story building on a ±0.83-acre parcel (±35,981 SF) with an asphalt surface parking lot offering 16 spaces. Constructed to modern design standards, the building features an open retail floor plan and a flexible footprint suitable for a wide range of commercial uses. The site is strategically positioned along East Main Street which sees approximately ±14,217 vehicles per day (VPD), ensuring visibility and accessibility. The Property was previously leased to Dollar General on a triple-net (NNN) basis. The Property presents a value-add opportunity through lease-up at long-term market rates, with CoStar estimating rents in the range of $13-$16/SF NNN. Zoned C-1, Central Business District, the Property can accommodate a wide variety of retail, service, and community-oriented uses, further enhancing its flexibility and long-term investment appeal.
Gassville is located in Baxter County in north-central Arkansas, approximately 5 miles west of Mountain Home and just south of the Missouri border. The city benefits from strategic access to U.S. Highway 62/412, a major east-west commercial corridor that connects the region to larger trade areas. Gassville’s economy is anchored by manufacturing and logistics, with nearby employers including American Stitchco, which supplies the automotive and textile industries, and the Baxter Regional Medical Center in Mountain Home—one of the largest employers in north-central Arkansas. The region also benefits from strong outdoor tourism and retirement migration, driven by proximity to Norfork Lake and Bull Shoals Lake, which supports seasonal demand for retail and hospitality services. The 5-mile trade area is also experiencing notable population growth, with increases of approximately 4.15% growth from 2020-2024 with 5.23% growth expected to continue through 2029, further strengthening long-term demand fundamentals. The 10-mi trade area has approximately ±38,028 residents with an average household income (AHHI) above $60,434, underpinned by the county’s role in manufacturing and retail trade. Gassville offers affordable land pricing, flexible zoning, and access to a stable workforce, making it well-positioned for retail outparcels, convenience centers, or service-based commercial redevelopment.