De Queen Retail Center

Price: $1,645,000
Sq. Ft.: 15,750
Cap Rate: 8.25%
Built: 2005
NNN, Gross
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De Queen Retail Center is a 100 percent occupied, 15,750-square foot, multi-tenant retail center located in De Queen, Arkansas. The center is a complementary mix of national and government tenants including Hibbett Sports, Verizon, Arkansas Department of Human Services, and Simple Simon Pizza. The current leases are a combination of triple-net and gross leases. De Queen Retail Center was constructed in 2005 and is situated on a 1.64-acre parcel.

The subject property is located on Collin Raye Drive/US Route 71, the city’s major east-west thoroughfare, with multiple ingress and egress points. Traffic counts in front of the property are approximately 8,300 vehicles per day. De Queen Retail Center is shadow-anchored by Walmart and near many other national retailers including¬†AutoZone, United Ag & Turf, Napa Auto Parts, Subway, Taco Bell, Burger King, Sonic, Shell, Pizza Hut, O’Reilly Auto Parts, Tractor Supply Co., McDonald’s, and more. The center is located less than three miles from the University of Arkansas – Cossatot Community College, serving a student population of more than 1,600 students. The surrounding area has 10,034 residents within five miles of the property.

De Queen Retail Center is the county seat of Sevier County. The city is located in the southwest quadrant of the state, eight miles from the Oklahoma state border. Sevier County is known as “The Land of Lakes”, with five lakes and five mountain streams within a 35-mile radius.

  • 15,750-Square Foot, Multi-Tenant Retail Center
  • Shadow-Anchored by Walmart
  • 100% Occupied with a Mix of Triple-Net and Gross Leases | 60% of the Gross Leasable Area has Triple-Net Leases
  • Complementary Mix of National and Government Tenants
  • Long-Term Tenants | 84% of the Gross Leasable Area has Tenants that have Occupied the Center for More Than 10 Years
  • Priced at $104 per Square Foot | Well Below Replacement Value
  • Property is Situated on a 1.64-Acre Parcel with Paved Parking
  • Located on Collin Raye Drive/US Route 71, the City’s Major East-West Thoroughfare
  • ¬†Traffic Counts in Front of the Property are Approximately 8,300 Vehicles per Day
  • Less than Three Miles from University of Arkansas – Cossatot Community College¬† | Enrollment of More than 1,600 Students
  • Near Many National Retailers Including AutoZone, United Ag & Turf, Napa Auto Parts, Subway, Taco Bell, Burger King, Sonic, Shell, Pizza Hut, O’Reilly Auto Parts, Tractor Supply Co., McDonald’s, and More
  • 10,034 Residents within Five Miles of the Property
  • De Queen is the County Seat of Sevier County