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$1 Auction-Fmr Family Dollar Tree 449 W Court St 10,665 SF Retail Building Jasper, AR 72641 $105,000 ($9.85/SF)
INVESTMENT HIGHLIGHTS
- ABSOLUTE $1 AUCTION | Former Family Dollar & Dollar Tree | 2022 Built | AUCTION DECEMBER 15-17
- Built in 2022; Former Family Dollar & Dollar Tree Combo Store with Open Floor, Rear Storage Room, and Side Door for Deliveries
- Strategic Frontage and Visibility on Court St with Traffic Counts of 4,311 VPD | 0.5-mi from State Hwy-74 with ±1,935 VPD
- 10,665 SF Freestanding Value-Add Retail on 0.97 Acres Available at Substantial Discount Below Replacement Cost
- Surrounding Traffic Generators: Dollar General, Subway, Harps Hometown Fresh Grocery, and more
- Zoned C, Commercial District with a Variety of Commercial Uses
EXECUTIVE SUMMARY
Marcus & Millichap is pleased to present a vacant, free-standing retail building located at 449 E. Court Street, Jasper, Johnson County, Arkansas 72641 (the “Property”). Formerly occupied by Family Dollar-Dollar Tree, the Property is being offered significantly below replacement cost, creating an excellent opportunity for owner-users or investors to acquire a highly visible, strategically positioned asset at a compelling basis. FIRST BID MEETS RESERVE!
Built in 2022, the Property consists of a ±10,665-square-foot, single-story free-standing retail building situated on ±42,231 square feet (±0.97 acres) with a concrete surface parking lot with 32 spaces. The site is strategically positioned with ±228 feet of frontage along Court Street and approximately 0.5-miles from State Hwy 74 which sees approximately ±1,935 vehicles per day (VPD), ensuring accessibility. Previously operated as a dual-store format, the Property was leased to Family Dollar-Dollar Tree on a triple-net (NNN) basis. The Property presents a value-add opportunity through lease-up at long-term market rates, with CoStar estimating retail rents of $5–$6/SF NNN. Zoned C (Commercial District), the Property accommodates a wide range of commercial uses, enhancing its appeal to both a diverse variety of end-users and investors alike.
Jasper, Arkansas is the county seat of Newton County, Arkansas, nestled in the Ozark Mountains of northwestern Arkansas along Scenic Highway?7 and serving as a gateway to the Buffalo National River. The local economy is driven by outdoor recreation and tourism -rafting, hiking, and camping attract visitors year-round - while the surrounding forests and natural features lend stability to the service and hospitality sectors. Surrounding traffic generators include Dollar General, Subway, Harps Hometown Fresh Grocery, along with local restaurants, service providers, and civic institutions that generate consistent daily traffic. With over 4,973 residents and an average household income of ±$57,617 within a 10-mile radius, the area sustains reliable demand for retail, restaurant, and professional service users.
Built in 2022, the Property consists of a ±10,665-square-foot, single-story free-standing retail building situated on ±42,231 square feet (±0.97 acres) with a concrete surface parking lot with 32 spaces. The site is strategically positioned with ±228 feet of frontage along Court Street and approximately 0.5-miles from State Hwy 74 which sees approximately ±1,935 vehicles per day (VPD), ensuring accessibility. Previously operated as a dual-store format, the Property was leased to Family Dollar-Dollar Tree on a triple-net (NNN) basis. The Property presents a value-add opportunity through lease-up at long-term market rates, with CoStar estimating retail rents of $5–$6/SF NNN. Zoned C (Commercial District), the Property accommodates a wide range of commercial uses, enhancing its appeal to both a diverse variety of end-users and investors alike.
Jasper, Arkansas is the county seat of Newton County, Arkansas, nestled in the Ozark Mountains of northwestern Arkansas along Scenic Highway?7 and serving as a gateway to the Buffalo National River. The local economy is driven by outdoor recreation and tourism -rafting, hiking, and camping attract visitors year-round - while the surrounding forests and natural features lend stability to the service and hospitality sectors. Surrounding traffic generators include Dollar General, Subway, Harps Hometown Fresh Grocery, along with local restaurants, service providers, and civic institutions that generate consistent daily traffic. With over 4,973 residents and an average household income of ±$57,617 within a 10-mile radius, the area sustains reliable demand for retail, restaurant, and professional service users.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
10,665 SF
Building Class
B
Year Built
2022
Price
$105,000
Price Per SF
$9.85
Tenancy
Single
Building Height
1 Story
Building FAR
0.25
Lot Size
0.97 AC
Zoning
Commercial - Commercial
Parking
32 Spaces (3 Spaces per 1,000 SF Leased)
Frontage
139’ on Court Street
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$1 Auction-Fmr Family Dollar Tree | 449 W Court St
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