3500 E Race Ave
Searcy, AR 72143
Dollar Tree / Planet Fitness · Retail Property For Sale

CBRE, Inc. is pleased to exclusively present the leasehold interest for sale in the multi-tenant retail center located at 3500-3504 East Race Street in Searcy, Arkansas. Sitting on 3.50 acres, the subject property consists of a 23,942 square foot Planet Fitness and an established 8,000 square foot Dollar Tree. Planet Fitness offers a brand new, franchisee backed lease with 10 years remaining and Dollar Tree offers a corporately backed lease with just under four years remaining. This is a leasehold investment which is 100% depreciable, offering superior tax shelter. The property is ideally located in at excellent retail location within the market, directly across the street from Walmart and Lowe's and immediately off US Highway 64. It has great visibility and access from the interchange of Highway 64 and E Race St with combined traffic counts over 36,000 V.P.D. Both tenants are paying low rents per square foot which are replaceable, and the Planet Fitness operator is heavily invested into the site adding value to the building lowering the probability of vacancy. The Planet Fitness building also had a new roof installed in 2012 with 15 year transferable warranty. This is a strong location just two miles from the campus of Harding University, one of the top schools in the south and home to over 6,000 students. Additional surrounding national tenants include GameStop, Shoe Dept, IHOP, Domino' s Pizza, Holiday Inn Express, McDonald' s, Lowe' s, and a Walmart Supercenter.