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50 Highway 79 N
Magnolia, AR 71753

$4,375,000 USD

Storefront For Sale  •  35,500 SF

Property Details

  • Property Type Storefront
  • Total Building Size 35,500 SF
  • Lot Size 5.62 AC
  • Building Class C
  • Year Built 2000
  • Cap Rate 7.28 %
  • Tenancy Multiple
30 Walk Score

Highlights

Adjacent to the only Walmart Supercenter in Magnolia, the Most Powerful Retail Driver in the Trade Area
Diversified Tenant Roster Featuring a Mix of National, Regional, and Service-Oriented Tenancy
Including Dollar Tree, Verizon, CATO, Jimmy John’s, Shoe Show, and Medical Users, Creating Durable Daily Traffic and Income Stability
Magnolia Shopping Center is Offered at an Attractive Basis of Approximately $123 PSF, Significantly Below Replacement Cost
The Center Sits Along Highway 79 North, the Dominant Retail Artery in Magnolia, with Traffic Count of 11,000 VPD
Immediate Upside through Lease-Up of 2,477 SF Vacant Space
Cap Rate: 7.28 %

Major Tenants

Tenant SF Occupied Lease End Date
Apex Communications-AT&T Authorized Retailer
Cato
Dollar Tree
Hibbet Sports 6,000 SF
Jimmy John's
Nail Art
Shoe Show Mega
Tricia Lim 786-522-7086 Marcus & Millichap
Tricia Lim 786-522-7086 Marcus & Millichap