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.