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Independence Square Shopping Center -For Sale 425-475 S Saint Louis St 64,212 SF 81% Leased Retail Building Batesville, AR 72501 $3,950,000 ($61.51/SF)



Investment Highlights
- 80.83% occupied; Existing leases staggered with current lease expirations ranging from 2028 to 2032; Rent roll and pro forma available upon request
- Just minutes from Lyon College, one of the most popular private colleges in the state
- Tenants include Ollie’s Bargain Outlet, Harbor Freight Tools, and Fastenal
- Positioned near the corner of South St. Louis St and East College Ave
- Newly renovated storefronts and pylon signage; Ample parking
Executive Summary
• Rent roll and pro forma available upon request and receipt of a signed NDA
• Positioned near the corner of South St. Louis St and East College Ave
• Just minutes from Lyon College, one of the most popular private colleges in the state
• Newly renovated storefronts and pylon signage
• Ample parking
• Tenants include Ollie’s Bargain Outlet, Harbor Freight Tools, and Fastenal
Property Facts
Amenities
- Signage
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
Fastenal began in 1967 as a Minnesota-based fastener distributor and has grown into a major industrial supplier. The company expanded its product offerings to include safety equipment, tools, and construction materials while developing supply chain solutions. Fastenal established international operations in the 1990s, first entering Canada and Mexico. The company now maintains a presence across multiple continents through subsidiaries and distribution centers. Fastenal serves various industries with both purchased and manufactured products through numerous market locations.
Harbor Freight Tools is a privately held discount tool and equipment retailer founded in 1977 by Eric Smidt and Allan Smidt. Headquartered in Calabasas, California, the company began as a mail-order business and opened its first retail store in 1980. Harbor Freight operates over 1,600 stores across 48 states and employs more than 30,000 people. The retailer offers a wide range of products, including hand tools, power tools, automotive equipment, generators, and shop supplies, marketed under proprietary brands such as Pittsburgh, Bauer, Hercules, and U.S. General. Harbor Freight’s business model focuses on direct sourcing from manufacturers to reduce costs and provide tools at prices significantly lower than competitors. The company also maintains a strong e-commerce presence and offers financing options, loyalty programs, and extended service plans. Harbor Freight remains family-owned and is recognized for its commitment to affordability and value in the tool retail industry.
Ollie’s Bargain Outlet began in Mechanicsburg, Pennsylvania, in 1982 and was built around a closeout-retail model that buys excess inventory and sells brand-name goods at discounted prices. The company describes its business as offering “Good Stuff Cheap” through a changing assortment of merchandise and bargain-oriented store layouts. Its product mix spans household goods, food, books, stationery, bed and bath items, floor coverings, electronics, and toys. Ollie’s Bargain Outlet operates exclusively in the United States and continues to focus on closeout and overstock opportunities across its retail business.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
Wholesaler | - | - | - | - | |
|
Retailer | - | - | Triple Net | Aug 2021 | |
|
Retailer | - | - | - | - |
Space Availability
- Space
- Size
- Space Use
- Position
- Available
• Positioned near the corner of South St. Louis St and East College Ave • Just minutes from Lyon College, one of the most popular private colleges in the state • Rear loading dock • Signage opportunity • Ample parking • Co-tenants include Ollie’s Bargain Outlet, Harbor Freight Tools, and Fastenal
| Space | Size | Space Use | Position | Available |
| C | 11,969 SF | Retail | - | Now |
C
| Size |
| 11,969 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
C
| Size | 11,969 SF |
| Space Use | Retail |
| Position | - |
| Available | Now |
• Positioned near the corner of South St. Louis St and East College Ave • Just minutes from Lyon College, one of the most popular private colleges in the state • Rear loading dock • Signage opportunity • Ample parking • Co-tenants include Ollie’s Bargain Outlet, Harbor Freight Tools, and Fastenal
Nearby Major Retailers
Property Taxes
| Parcel Number | 1100436000C | Improvements Assessment | $147,130 |
| Land Assessment | $154,780 | Total Assessment | $301,910 |
Property Taxes
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Independence Square Shopping Center -For Sale | 425-475 S Saint Louis St
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