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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
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
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Information
- -
- $23.00
- Modified Gross
- Sep 2028
Verizon Communications is a U.S.-based telecommunications company headquartered at 1095 Avenue of the Americas in New York City, with an additional historic address at 140 West Street. Formed in 2000 through the merger of Bell Atlantic and GTE, the company builds on industry roots that trace back to Baby Bell operators established after the Bell System breakup. Verizon provides wireless, broadband, and other communication services to consumer, business, and governmental markets. As a publicly traded company, it is listed on the New York Stock Exchange under the ticker symbol VZ. Over the years, Verizon has expanded its technological capabilities through investments in wireless spectrum, fiber-optic networks, and major acquisitions, including the purchases of AOL in 2015 and Yahoo in 2017. The company maintains significant operational infrastructure across the United States and internationally, supporting network development and service delivery. Verizon continues to evolve its network platforms and digital services as part of its long-term strategy in the communications sector.
| 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
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NN+ Chipotle Anchored Retail Center | 3113 E Race Ave
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