8100 Rogers Ave
Fort Smith, AR 72903
Mattress Firm · Retail Property For Sale

The subject property is a 100% leased 3-tenant Mattress Firm, Cox Communications, and Jimmy John's center located in the main retail hub of Fort Smith, Arkansas off Rogers Avenue. The property sits approximately 2 miles off Interstate 540 across the street from Lowe's, Walmart Supercenter, T.J. Maxx, and Ross. Other immediate traffic generators include: Kohl's, Ashley Furniture, Sam's Club, Harps, Savers, Jo-Ann Fabrics, Walgreens, McDonald's, Wendy's, Taco Bell, and Popeyes. In addition, the subject property is directly in front of a large medical office park occupied by Mercy Physicians that serve Mercy Hospital, which is approximately 1-mile west from the property. Mercy Hospital is a 336-bed acute care hospital that has more than a 100-year history of providing care to the Western Arkansas region. The Mercy health system was named one of the top five large U.S. health systems from 2016-2018 by IBM Watson Health and serves millions annually through more than 40 acute care and specialty hospitals in Arkansas, Kansas, Missouri, and Oklahoma. The subject property sits in a strong and affluent area of Fort Smith, with the 1-mile AHI being over $94,000 amongst a population of over 4,100 residents. In addition, there are currently nearly 75,000 people within 5 miles of the subject property. Fort Smith is the second largest city in Arkansas and lies on the Arkansas-Oklahoma border. Fort Smith has long been a regional manufacturing center, with major plants located in the city operated by Rheem, Trane, Georgia-Pacific, Gerber, Planters Peanuts, and several others. Fort Smith is also the major transportation hub for the surrounding region as it sits at the crossroads between two major interstate highways, is surrounded by three sides by the Arkansas River, is served by 1 major and 2 regional railroad companies, and is home to the regional airport which is also used for military aviation for Fort Chafee and home of the 188th Fighter Wing of the Arkansas Air National Guard. The property was constructed in 2014 and all three tenants signed long term 10-year Leases with reimbursement for CAM, Taxes, and Insurance. Mattress Firm and Cox Communications are corporate Leases and the franchisee on Jimmy John's is a strong 17 +/- unit regional operator. During Mattress Firms recent re-structuring, they did not obtain a rent reduction on this location and continued with all payments which provides comfort that this is a good performing unit for them.