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NN+ Chipotle Anchored Retail Center 3113 E Race Ave 7,800 SF 100% Leased Retail Building Searcy, AR 72143 $3,325,700 ($426.37/SF) 7% Cap Rate

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INVESTMENT HIGHLIGHTS

  • Brand New 10 Year Chipotle Lease
  • Strategically Located in a Growth Market
  • Surrounded by Meaningful Development
  • National Brands
  • Directly Across from White County Medical Center

EXECUTIVE SUMMARY

This modern 7,800 sq. ft. retail center is strategically located directly across from Unity Health Medical Campus and anchored by three strong tenants: Chipotle, Verizon, and Great Clips. With 170 feet of frontage and 280 feet of depth, the property offers excellent visibility and access. This property represents a solid investment in a healthy, growing market. With its strategic location, strong tenant mix, and exposure to a high-traffic corridor, this retail center is poised for long-term success.
Key Features:
Prime Location: Situated at the entrance to the Unity Health - White County Medical Center, a leading healthcare provider in the region with 1,750 employees, 438 licensed beds, and 150 physicians.
High Traffic Exposure: The center enjoys daily exposure to over 22,000 vehicles and is just west of Highway 67.
Strong Tenant Mix: Multiple national tenants occupy the center, including a brand new Chipotle that opened in December of 2024.
Searcy Overview: Searcy is an economic hub in White County, home to two universities—Harding University and Arkansas State University Searcy—as well as major employers like White County Medical Center and Wal-Mart Distribution. The city boasts a thriving economy, a diverse local workforce, and a low unemployment rate.
Searcy’s stable economy, combined with its growing population, has made it an attractive destination for commercial businesses, and the retail market continues to perform strongly. The city is home to national retailers like Chili’s, Walmart Supercenter, Hobby Lobby, McAlister’s, Lowes, and ULTA, alongside a vibrant mix of boutiques and local restaurants.
Investment Opportunity: This property represents a solid investment in a healthy, growing market. With its strategic location, strong tenant mix, and exposure to a high-traffic corridor, this retail center is poised for long-term success.

FINANCIAL SUMMARY (ACTUAL - 2024)

ANNUAL ANNUAL PER SF
Gross Rental Income - -
Other Income - -
Vacancy Loss - -
Effective Gross Income - -
Net Operating Income $232,800 $28.74

FINANCIAL SUMMARY (ACTUAL - 2024)

Gross Rental Income
Annual -
Annual Per SF -
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual -
Annual Per SF -
Net Operating Income
Annual $232,800
Annual Per SF $28.74

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
7,800 SF
Building Class
B
Year Built
2017
Price
$3,325,700
Price Per SF
$426.37
Cap Rate
7%
NOI
$232,799
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.16
Lot Size
1.11 AC
Opportunity Zone
Yes
Zoning
Commercial
Parking
54 Spaces (6.92 Spaces per 1,000 SF Leased)
Frontage
202’ on Hartsfield Drive

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE TYPE
  • LEASE END
  • Information
  • -
  • $23.00
  • Modified Gross
  • Sep 2028

Verizon Communications is a publicly traded telecommunications company (NYSE:?VZ) headquartered in New York City, with its operational hub located in Basking Ridge, New Jersey. Founded in 1983 through the Bell Atlantic merger, Verizon delivers diverse services including wireless voice and data, broadband (Fios), and enterprise solutions. It operates an authorized retail store in Bordentown, NJ, located at 276B Dunns Mill Road, offering wireless devices, plans, and home internet services. As of 2024, Verizon employed approximately 99,600 people and reported annual revenues around $135 billion. In October 2025, Daniel H. Schulman, former CEO of PayPal, succeeded Hans Vestberg as CEO and is leading a strategic restructuring, including workforce reductions and integration of the Frontier Communications acquisition. Verizon is a major player in 5G and fiber deployment and is included in the Dow Jones Industrial Average.

TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE TYPE LEASE END
Information - $23.00 Modified Gross Sep 2028

NEARBY MAJOR RETAILERS

Regions Bank
Rib Crib
Starbucks
7 Brew Coffee
Rent-A-Center
Freddy's Frozen Custard & Steakburgers
Mazzio's
Centennial Bank
Chili's Grill & Bar
Western Sizzlin

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
016-01764-902
Land Assessment
$116,045 (2025)
Improvements Assessment
$140,473 (2025)
Total Assessment
$256,518 (2025)
  • Listing ID: 34641445

  • Date on Market: 1/29/2025

  • Last Updated:

  • Address: 3113 E Race Ave, Searcy, AR 72143

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