449 W Court St - Freestanding FOR SALE


Jasper, AR 72641
$105,000 USD
305-206-1286
449 W Court St, Jasper, AR for Sale
$105,000 USD
Freestanding - FOR SALE
1/9
null | Request Cap Rate

449 W Court St
Jasper, AR 72641


HIGHLIGHTS

  • ABSOLUTE $1 AUCTION | Former Family Dollar & Dollar Tree | 2022 Built | AUCTION DECEMBER 8-10
  • 10,665 SF Freestanding Value-Add Retail on 0.97 Acres Available at Substantial Discount Below Replacement Cost
  • Built in 2022; Former Family Dollar & Dollar Tree Combo Store with Open Floor, Rear Storage Room, and Side Door for Deliveries
  • Surrounding Traffic Generators: Dollar General, Subway, Harps Hometown Fresh Grocery, and more
  • Strategic Frontage and Visibility on Court St with Traffic Counts of 4,311 VPD | 0.5-mi from State Hwy-74 with ±1,935 VPD
  • Zoned C, Commercial District with a Variety of Commercial Uses

OVERVIEW

Marcus & Millichap is pleased to present a vacant, free-standing retail building located at 449 E. Court Street, Jasper, Johnson County, Arkansas 72641 (the “Property”). Formerly occupied by Family Dollar-Dollar Tree, the Property is being offered significantly below replacement cost, creating an excellent opportunity for owner-users or investors to acquire a highly visible, strategically positioned asset at a compelling basis. FIRST BID MEETS RESERVE! Built in 2022, the Property consists of a ±10,665-square-foot, single-story free-standing retail building situated on ±42,231 square feet (±0.97 acres) with a concrete surface parking lot with 32 spaces. The site is strategically positioned with ±228 feet of frontage along Court Street and approximately 0.5-miles from State Hwy 74 which sees approximately ±1,935 vehicles per day (VPD), ensuring accessibility. Previously operated as a dual-store format, the Property was leased to Family Dollar-Dollar Tree on a triple-net (NNN) basis. The Property presents a value-add opportunity through lease-up at long-term market rates, with CoStar estimating retail rents of $5–$6/SF NNN. Zoned C (Commercial District), the Property accommodates a wide range of commercial uses, enhancing its appeal to both a diverse variety of end-users and investors alike. Jasper, Arkansas is the county seat of Newton County, Arkansas, nestled in the Ozark Mountains of northwestern Arkansas along Scenic Highway?7 and serving as a gateway to the Buffalo National River. The local economy is driven by outdoor recreation and tourism -rafting, hiking, and camping attract visitors year-round - while the surrounding forests and natural features lend stability to the service and hospitality sectors. Surrounding traffic generators include Dollar General, Subway, Harps Hometown Fresh Grocery, along with local restaurants, service providers, and civic institutions that generate consistent daily traffic. With over 4,973 residents and an average household income of ±$57,617 within a 10-mile radius, the area sustains reliable demand for retail, restaurant, and professional service users.

FOR SALE DETAILS

PRICE

$105,000 USD

PRICE/SF

$10 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

$1 Auction-Fmr Family Dollar Tree

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2022

SPRINKLERS

-

PARKING SPACES

32

LAND DETAILS

LAND ACRES

0.97 AC

LAND SF

42,253 SF

ZONING

Commercial

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Philip KatesMarcus & MillichapMore Info
305-206-1286

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

Philip KatesMarcus & MillichapMore Info
305-206-1286

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