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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



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.
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
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 originated in 1983 as Bell Atlantic after the AT&T breakup. The company merged with GTE in 2000, forming Verizon Communications. Today, it operates consumer services like wireless networks and Fios fiber-optic internet and TV. Its business segment provides networking, cloud solutions, and security services. Verizon remains one of the largest telecommunications providers in the United States.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
Information | - | $23.00 | Modified Gross | Sep 2028 |
Nearby Major Retailers
Property Taxes
| Parcel Number | 016-01764-902 | Improvements Assessment | $140,473 (2025) |
| Land Assessment | $116,045 (2025) | Total Assessment | $256,518 (2025) |
Property Taxes
Parcel Number
016-01764-902
Land Assessment
$116,045 (2025)
Improvements Assessment
$140,473 (2025)
Total Assessment
$256,518 (2025)
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NN+ Chipotle Anchored Retail Center | 3113 E Race Ave
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