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3212 E Race Ave 1,254 SF Retail Building Searcy, AR 72143 $1,545,454 ($1,232.42/SF) 5.50% Cap Rate
Investment Highlights
- Leased under a Ground Lease Absolute Net structure, providing no landlord management or expense obligations.
- Surrounded by strong national retailers including JCPenney, Chipotle, Ashley Store, and Taco Bell, driving consistent consumer traffic.
- Positioned along E Race Ave (±20,000 vehicles per day) with convenient access to Interstate 57 (±29,000 vehicles per day).
- Approximately thirteen years remaining on the primary lease term featuring 10% rental escalations every five years.
- More than 29,920 residents within five miles with average household incomes approaching $73,179.
Executive Summary
Cushman & Wakefield | Sage Partners is pleased to exclusively offer for sale a fully occupied, investment property in Searcy, Arkansas. The site is 100% leased to 7 Brew under an Absolute Net Ground Lease, providing zero landlord responsibilities. The property sits on approximately 0.57 acres, with 11+ years remaining on the lease, offering strong, built-in income growth potential.
Located along E Race Ave (±20,000 vehicles per day) with easy access to Interstate 57 (±29,000 vehicles per day), the property benefits from excellent visibility and accessibility in a high-traffic commercial corridor.
The site is surrounded by prominent national retailers and restaurants, including JCPenney, Chipotle, Ashley Store, Taco Bell, and more, further reinforcing the strength of the location.
This offering presents an opportunity to acquire a stabilized, corporate-backed ground lease asset in a well-established Benton retail corridor.
Located along E Race Ave (±20,000 vehicles per day) with easy access to Interstate 57 (±29,000 vehicles per day), the property benefits from excellent visibility and accessibility in a high-traffic commercial corridor.
The site is surrounded by prominent national retailers and restaurants, including JCPenney, Chipotle, Ashley Store, Taco Bell, and more, further reinforcing the strength of the location.
This offering presents an opportunity to acquire a stabilized, corporate-backed ground lease asset in a well-established Benton retail corridor.
Property Facts
Sale Type
Investment
Sale Condition
Ground Lease (Leased Fee)
Property Type
Retail
Property Subtype
Fast Food
Building Size
1,254 SF
Building Class
B
Year Built/Renovated
2021/2023
Price
$1,545,454
Price Per SF
$1,232.42
Cap Rate
5.50%
NOI
$85,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
0.57 AC
Frontage
110’ on East Race Avenue
Amenities
- Signage
- Drive Thru
- Air Conditioning
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- 7 Brew Coffee
- Accommodation and Food Services
- -
- -
- Apr 2038
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| 7 Brew Coffee | Accommodation and Food Services | - | - | Apr 2038 |
Fairly walkable
50/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 016-01186-000 | Improvements Assessment | $61,970 |
| Land Assessment | $60,000 | Total Assessment | $121,970 |
Property Taxes
Parcel Number
016-01186-000
Land Assessment
$60,000
Improvements Assessment
$61,970
Total Assessment
$121,970
Contacts
-
Aaron Nicholson -
Colby Hoagland -
Johnny Galloway -
Cushman & Wakefield | Sage Partners
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