1395 N Bankhead - Freestanding FOR SALE


Carlisle, AR 72024
$50,000 USD
305-206-1286
1395 N Bankhead, Carlisle, AR for Sale
$50,000 USD
Freestanding - FOR SALE
1/9
null | Request Cap Rate

1395 N Bankhead
Carlisle, AR 72024


HIGHLIGHTS

  • ABSOLUTE $1 AUCTION | Former Dollar General | Little Rock MSA | Built 2005 | 6K VPD | AUCTION JULY 28-30, 2025
  • 9,058 SF Freestanding Value-Add Retail Available at Substantial Discount Below Replacement Cost
  • Built in 2005; Former Dollar General with Open Floor, Rear Storage Room, and Side Door for Deliveries
  • Surrounding Traffic Generators: Sonic, Days Inn, Subway, and more; Access to I-40 with 36K VPD
  • Strategic Frontage and Visibility on N Bobby L Glover Hwy with Traffic Counts of 6,423 VPD
  • Zoned C General Commercial District with a Variety of Uses

OVERVIEW

Marcus & Millichap is pleased to present a vacant, free-standing retail/restaurant building located at 1395 N Bobby L Glover Hwy in Carlisle, Arkansas 72024 (the “Property”). Formerly occupied by Dollar General, the Property is being offered significantly below replacement cost—creating a compelling opportunity for owner/users or investors to acquire a well-located commercial asset with substantial value enhancement potential. FIRST BID MEETS RESERVE! Constructed in 2005, the Property comprises a single-story retail building totaling ±9,058 square feet, situated on a ±0.9-acre parcel (±39,000 SF) with 27 surface parking spaces and two points of ingress/egress. Previously leased to Dollar General on a triple net (NNN) basis, the offering presents a strong value-add opportunity to reposition and lease the space at current market rates (CoStar-estimated retail rents: $5-7/SF NNN). Zoned C, General Commercial, by the City of Carlisle, the Property supports a wide range of commercial uses—providing flexibility for redevelopment, re-tenanting, or adaptive re-use in line with evolving market needs. Carlisle is located in Lonoke County in central Arkansas, approximately ±30-mi east of Little Rock, and serves as a small but strategically positioned community along the U.S. Highway 70 and Interstate 40 corridors. The city is situated a half mile south of I-40 (Exit 183) with over 36k VPD, providing direct regional access to Little Rock, North Little Rock, and eastward to Forrest City, Memphis, and the greater areas. The Property sits along N Bobby L Glover Hwy (HW-13), a primary commercial corridor in Carlisle, offering visibility to both local residents and pass-through traffic with ±6,423 vehicles passing the site daily. The Property sits conveniently between I-40 and just a mile North of HWY-70 with 5,640 VPD. Although modest in population, Carlisle functions as a local service hub for surrounding agricultural areas and I-40 travelers. The Carlisle School District, which enrolls roughly 600 students, contributes to daily traffic and supports consistent retail and service activity. The city’s proximity to larger regional employers in Lonoke, Stuttgart, and North Little Rock further enhances its economic relevance within the central Arkansas region. With its direct interstate access, flexible layout, and location along a primary arterial, the Property is well-positioned for a variety of retail, service, or community-oriented uses. Additionally, the surrounding 10-mi trade area includes nearly 10,000 residents with an average household income exceeding $73,250, supporting long-term viability for local businesses. Carlisle’s interstate proximity, low operating costs, and strategic central location make it an ideal candidate for repositioning or redevelopment at a highly accessible price point.

FOR SALE DETAILS

PRICE

$50,000 USD

PRICE/SF

$6 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

$1 Auction - REIT Sale | Fmr. Dollar General

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.9 AC

LAND SF

39,204 SF

ZONING

-

APN/PARCEL ID

731-90129-004

ASK ABOUT THIS PROPERTY

Philip KatesMarcus & MillichapMore Info
305-206-1286

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Philip KatesMarcus & MillichapMore Info
305-206-1286

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.