shopping center for salealbert pike shopping center is a well-established strip center in west hot...

OFFERING MEMORANDUM

SHOPPING CENTER FOR SALEBrian J. Gehrki [email protected] mobile: 501.258.5500 501.623.2200, 835 Central Avenue, Suite 200Hot Springs, AR 71901

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1819 Albert Pike Road, Hot Springs, Arkansas

Brian J. Gehrki [email protected] mobile: 501.258.5500 501.623.2200, 835 Central Avenue, Suite 200Hot Springs, AR 71901

ALBERT PIKE SHOPPING CENTERBrian J. Gehrki [email protected] mobile: 501.258.5500 501.623.2200, 835 Central Avenue, Suite 200Hot Springs, AR 71901


SHOPPING CENTER TENANTS



ABOUT THE AREABrian J. Gehrki [email protected] mobile: 501.258.5500 501.623.2200, 835 Central Avenue, Suite 200Hot Springs, AR 71901

Hot Springs, Arkansas

The Property is located on U. S. Hwy 270 at 1819 Albert Pike Road, Hot Springs, Arkansas in west Hot Springs. Its convenient location near the MLK Expressway Bypass allows for quick access to other parts of Hot Springs including Oaklawn Park and Historic Downtown.

Hot Springs is the county seat for Garland County and has a population of over 36,000. The market area for Hot Springs includes all of Garland County which has a total population of over 98,000. Hot Springs is also tourist town with attractions such as Oaklawn Racing and Gaming, Magic Springs, Historic Downtown area and Bathhouses as well as three area lakes and is bordered by the National Park System on three sides. The tourism industry drew in about 1.5 million visitors in 2018.

The Hot Springs Metro Partnership is the area’s public/private economic development organization, serving all of Garland County. Located in the heart of the nation and within a one‐day drive of 80 million people, Hot Springs is a great place to work and live. While we have a small‐town family atmosphere, there are also more than 250,000 people within a 30‐minute driving radius of Hot Springs, ensuring our employers have a readily available workforce. Greater Hot Springs has one of the most vibrant economies in Arkansas in one of the nation’s most scenic settings. The region has a reasonable cost of living and a business‐friendly approach that has attracted global companies as well as entrepreneurs.


PROPERTY DETAILS

OVERVIEW:Albert Pike Shopping Center is a well‐established strip center in west Hot Springs. Nearby major retailers include Sutherlands, Walmart Supercenter, Atwoods and Tractor Supply Store. The Post Office is also just across the street.

LOCATION:1819 Albert Pike Rd., Hot Springs, Arkansas

TAX INFORMATION:Property ID – 83224

Annual Taxes – $11,002.74 (2018)

SITE DATA:Building –

Shopping Center: 34,400sfMini Storage: 5,440sf

Land Size – 3.37 Acres +/‐

Frontage – Albert Pike Road and Hammond Dr.

Traffic Count ‐ 18,000 ‐ 20,000 (2018 daily avg.)

Zoning ‐ C2 – General Business District

Links –Hot Springs Metro PartnershipGreater Hot Springs Chamber of CommerceArkansas Economic Development CommissionWest Central Arkansas Planning & Development DistrictArkansas Economic Development InstituteArkansas Association of Counties / Garland CountyArkansas Municipal LeagueFact Finder Demographics Reports

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or acres are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Agency Disclosure: Gehrki Commercial Real Estate represents the owner of the property described in the marketing information provided.



OFFERING PRICE: $1,599,000ANNUAL NOI: $149,007

Brian Gehrki, Principal Broker501‐258‐[email protected]

Financials Available to Qualified Buyers Upon Completion of Non‐Disclosure Agreement

shopping center for salealbert pike shopping center is a well-established strip center in west hot...

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