$1 Auction -REIT Sale | Former Dollar General 858 N Central Ave 8,040 SF Retail Building Batesville, AR 72501 $104,640 CAD ($13.01 CAD/SF)

Marcus & Millichap is pleased to present the opportunity to acquire a vacant, free-standing retail building located at 858 North Central Avenue, Batesville, Independence County, Arkansas 72501 (the “Property”). Formerly occupied by Dollar General, the Property is being offered significantly below replacement cost, creating an excellent opportunity for owner-users or investors to secure a highly visible retail asset with direct highway frontage at a compelling basis. FIRST BID MEETS RESERVE!
Constructed in 1999, the Property consists of a ±8,040-SF single-story building on a ±0.585-acre parcel (±25,500 SF) with an asphalt surface parking lot offering 34 spaces. Constructed to modern design standards, the building features an open retail floor plan and a flexible footprint suitable for a wide range of commercial uses. The site is strategically positioned along N Central Ave which sees approximately ±5,381 vehicles per day (VPD), ensuring visibility and accessibility. The Property was previously leased to Dollar General on a triple-net (NNN) basis. The Property presents a value-add opportunity through lease-up at long-term market rates, with CoStar estimating rents at $18/SF NNN. Zoned C-1, Commercial Community District, the Property can accommodate a wide variety of retail, service, and community-oriented uses, further enhancing its flexibility and long-term investment appeal.
Batesville, Arkansas is a dynamic regional hub in Northeast Arkansas, serving as the county seat of Independence County and positioned approximately 80 miles northeast of Little?Rock. The local economy is anchored by advanced manufacturing, health care, and retail trade, with companies like LaCroix Precision Optics expanding operations in the area. The city offers strong site fundamentals for commercial development thanks to favorable labor markets, growing institutional support for business, and diversified land-use opportunities spanning light industrial, office, and retail uses. The site is strategically located at the hard corner intersection of Central Avenue North and East Ross Street ensuring strong visibility and accessibility for both local residents and regional traffic. The 3-mile trade area is also experiencing notable population growth, with increases of approximately 5.19% growth from 2020-2024 with growth expected to continue through 2029, further strengthening long-term demand fundamentals. The 5-mi trade area has approximately ±18,450 residents with an average household income (AHHI) above $64,509, underpinned by the county’s role in manufacturing and retail trade.