For Sale
$3,362,000

810 Us-64Wynne, AR 72396

11-Tenant Shopping Center, Walmart-Shadowed

Property records and analytics

Overview

Added:
Dec 11, 2024
Days on market:
118
Invest in Ridgeview Plaza, a thriving 26,552-square-foot shopping center in Wynne, Arkansas. This 100% occupied, multi-tenant property boasts 11 tenants, including Shoe Show, USDA/FSA/Soil Conservation, and other diverse businesses, many resistant to online competition. Located on a 6.28-acre lot on US Highway 64 East, the center benefits from high traffic counts exceeding 9,885 vehicles daily and a prominent location shadow-anchored by a Walmart Supercenter. Nearby national and regional retailers further enhance its appeal. Built in 2003, the property features ample parking and a double-sided monument sign. Recent improvements include the installation of solar panels in 2023, reducing utility costs. The current gross lease structure presents significant upside potential through conversion to triple-net leases. The asking price is $3,362,000, representing a price per square foot of $126.62 and an 8.17% cap rate. The strong tenant mix, prime location, and recent improvements make this a compelling investment opportunity. The 10-mile population is approximately 14,877 with an average household income of $63,658. The property offers a well-below-replacement-cost investment in a strong retail market.

Highlights

  • 26,552-square-foot multi-tenant retail center, 100% occupied.
  • Shadow-anchored by a Walmart Supercenter, generating 1.8 million annual visits (Placer.ai).
  • Tenant mix includes internet-resistant and service businesses, anchored by Shoe Show and USDA/FSA/Soil Conservation.
  • Primarily gross lease terms; potential for triple-net lease conversion.
  • Recent 2023 improvements include solar panels and a new HVAC system, lowering utility costs.
  • Priced at $127 per square foot, below replacement cost.

Property Details for 810 Us-64

Property type
Lifestyle centers, Power centers
Square Feet
26,552 SF
Year Built
2003
Buildings
1
Lot Size (sq. ft)
273,557 SF
Units
11

Location Insight

City
Wynne
County
Cross
State
Arkansas
Latitude
35.252562250706
Longitude
-90.775702001473
810 Us-64, Wynne, Arkansas

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Contacts

Philip Levy
Philip Levy
Jonathan De La Rosa
Jonathan De La Rosa
Visit Broker Website

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810 Us-64, Wynne, Arkansas, 72396

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The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.

We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.

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810 Us-64
  • Philip Levy
    Philip Levy
  • Jonathan De La Rosa
    Jonathan De La Rosa
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