Marcus & Millichap is pleased to present the opportunity to acquire a 26,552-square-foot retail center located in Wynne, Arkansas. The building is currently 100 percent leased, and current leases are on gross terms, providing significant future upside potential in converting leases to triple-net. The tenant base is a complementary mix of largely internet-resistant businesses, including Shoe Show, USDA/FSA/Soil Conservation, FBN Insurance, Meford AG Services, Great Clips, Kabafusion, AT&T, Kimberly McCoy Insurance, Smoker’s Hut, Ameca Mexican Restaurant, and Pro Nails. Constructed in 2003, the subject property is situated on approximately 6.28 acres with ample paved parking and a double-sided monument sign. Landlord installed solar panels in 2023 to assist with decreasing utility costs at the shopping center.
Ridgeview Plaza is located on U.S. Highway 64 East with multiple ingress and egress points. Traffic counts along U.S. Highway 64 East exceed 9,885 vehicles per day. Shadow-anchored by Walmart Supercenter, the subject property is near other national and regional retailers including Dollar Tree, Murphy USA, First Financial Bank, O’Reilly Auto Parts, KFC, Subway, Burger King, Pizza Hut, Family Dollar, Hibbett Sports, Factory Connection, McDonald’s, Sonic Drive-In, NAPA Auto Parts, and many others. Multiple hotels and school campuses are also in close proximity, providing additional traffic to the area. The 10-mile population is approximately 14,877 residents having an average household income of $63,658.
- 26,552-Square-Foot, Multi-Tenant Retail Center | 100% Occupied
- Shadow-Anchored by Walmart Supercenter | Strong Traffic Driver Hosting 1.8 Million Visits Annually (Source: Placer.ai)
- Tenant Base is a Complementary Mix of Internet-Resistant and Service-Oriented Businesses | Anchored by Shoe Show and USDA/FSA/Soil Conservation
- Majority of Current Leases are on Gross Terms | Future Upside Potential in Converting to Triple-Net
- Landlord Reports Recent Property Improvements in 2023 Including Installation of Solar Panels Resulting in Lower Utility Costs and a New HVAC Unit
- Priced at $127 Per Square Foot | Well Below Replacement Cost
- Property is Located on U.S. Highway 64 East | A Major East/West Arterial Road
- Adjacent Pad Sites Include First Financial Bank and Murphy USA Gas Station
- Nearby National and Regional Retailers Include Dollar Tree, O’Reilly Auto Parts, KFC, Subway, Burger King, Pizza Hut, Family Dollar, Hibbett Sports, Factory Connection, and More
- Wynne is the County Seat and Largest City of Cross County, Arkansas | Approximately 100 Miles Northeast of Little Rock and 40 Miles West of West Memphis
