This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

You must register your contact information to view secure information on this listing.
You must register your contact information to view secure information on this listing.

Share This Listing

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

thank you

Your email has been sent!

Park Plaza | Newly Renovated Roof | DrThr Pad 3400 Rogers Ave

69,106 SF 95% Leased Retail Building Fort Smith, AR 72903 $7,286,000 ($105/SF) 9.25% Cap Rate

Investment Highlights

  • Fee Simple Ownership | Freestanding Drive-through Pad | Corporate Guaranteed Leases
  • Heavy Capital Invested | New Roof with 20-Year Warranty |Resurfacing Southern Parking Lot
  • Strong Demographics in 5-Mile Trade Area
  • Multiple Anchor Tenants | Early Renewals and Expansion
  • Within Dense Retail Corridor | Heart of Fort Smith
  • Located Along State Highway 22 (34,000 VPD) | Large Pylon Sign | Excellent Visibility & Access

Executive Summary

SRS Real Estate Partners, LLC is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in Park Plaza, a 69,106 SF, 95% (Pending 100%) occupied, e-commerce resistant investment opportunity located in Fort Smith, Arkansas. The offering features a strip retail center and two freestanding pads, one of which has a drive-through. Corporate guaranteed tenants Harbor Freight Tools, Biomat, and Dollar General (S&P: BBB) anchor the property, occupying 53% of the GLA and constituting 50% of the base rent revenue. Biomat has been operating on site for more than 20 years, and recently signed a 5-year extension, demonstrating strong commitment to the site. Heavy capital improvement has been invested into the center at the expense of current owner, providing substantial savings on capital expenditure for a future investor.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
69,106 SF
Building Class
B
Year Built/Renovated
1958/1995
Price
$7,286,000
Price Per SF
$105
Cap Rate
9.25%
NOI
$673,956
Percent Leased
95%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.23
Land Acres
6.96 AC
Zoning
C-4 - Commercial Regional
Parking
304 Spaces (4.4 Spaces per 1,000 SF Leased)
Frontage
482 FT on 34th St

Amenities

  • Freeway Visibility
  • Pylon Sign
  • Signage

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
13617-0004-00005-02
Land Assessment
$363,810
Improvements Assessment
$566,030
Total Assessment
$929,840
  • Listing ID: 33716792

  • Date on Market: 11/1/2024

  • Last Updated:

  • Address: 3400 Rogers Ave, Fort Smith, AR 72903

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, 'rating') }}
255 character limit ({{ remainingChars() }} characters remainingover)
{{ getErrorText(feedbackForm.msg, 'rating') }}
{{ getErrorText(feedbackForm.fname, 'first name') }}
{{ getErrorText(feedbackForm.lname, 'last name') }}
{{ getErrorText(feedbackForm.phone, 'phone number') }}
{{ getErrorText(feedbackForm.phonex, 'phone extension') }}
{{ getErrorText(feedbackForm.email, 'email address') }}