Marketplace at West Memphis 650 West Service Road
West Memphis, AR 72301
Sale Price
$4,400,000
Brochure
Property Website
Map
Retail For Sale - Unavailable
100% Leased Walmart Shadow Anchored Shopping Center
Fully Leased: 100% leased to 8 tenants, most of which are well established with substantial operating history in this location.
Pad Site: The property is shadow anchored by a Walmart Supercenter with direct access via shared easement. This Walmart recently reported annual sales of more than $62million (2022 CBRE Business Points).
NNN: All leases are NNN allowing for reimbursement of taxes, insurance, common area maintenance and management.
Upside Potential: A couple of the tenants are paying under market rents allowing for potential future upside for buyers.
Strong Mix: Great mix of national, regional and local tenants.
Get in touch
Joey Blatner
Lic: OR Lic. #980500024
JB
Megan Wallachy
Lic: OR Lic. #200603442
MW
John Lamberson
West Memphis, with a population of approximately 24,656 people, is a charming small-town just minutes away from the cultural amenities of downtown Memphis. West Memphis is the largest city in Crittenden County, Arkansas. It is part of the Memphis metropolitan area and is located directly across the Mississippi River from Memphis, Tennessee.
Primarily because of its central location and transportation infrastructure, West Memphis has become a hub for distribution and assembly operations. The city lies at the point where two of the nation's most heavily traveled interstate highways, Interstate 40 and Interstate 55, intersect with the Mississippi River (a major cargo waterway) and large rail-lines operated by BNSF and Union Pacific. Major operations include distribution centers for retailers such as Family Dollar, Carvana, Bosch Tools and manufacturers such as Stateside Steel & Wire. Healthcare is also a noteworthy component of the city's economy, including Baptist Memorial Hospital – Crittenden, various clinics, medical suppliers, and nursing homes located in town.
With over 1,200 new jobs in the hospitality, retail and manufacturing sectors and total investments in both public and private facilities topping over half a billion dollars, West Memphis is on a #winning streak. Delaware North, which owns and operates Southland Casino Racing, just completed a $320 million expansion of the West Memphis, Arkansas gaming and entertainment destination in July of 2022 to include a new casino complex and high-rise hotel (opening late 2022). The project allows Southland to expand its gaming offerings to 2,400 gaming machines from the current 2,000 and as many as 60 live table games. The new, 113,000-square-foot casino complex also features new and expanded dining options, including a larger buffet, larger steakhouse restaurant, new food hall, new coffee shop, new player lounge and new center, lobby and steakhouse bars. The signature component of the expansion project is a 20-story hotel tower that features 300 rooms: 216 standard rooms, 72 corner suites and 12 penthouse suites on the top floor. Onsite parking is expanded via construction of a new, covered parking garage with 1,250 spaces.
Primarily because of its central location and transportation infrastructure, West Memphis has become a hub for distribution and assembly operations. The city lies at the point where two of the nation's most heavily traveled interstate highways, Interstate 40 and Interstate 55, intersect with the Mississippi River (a major cargo waterway) and large rail-lines operated by BNSF and Union Pacific. Major operations include distribution centers for retailers such as Family Dollar, Carvana, Bosch Tools and manufacturers such as Stateside Steel & Wire. Healthcare is also a noteworthy component of the city's economy, including Baptist Memorial Hospital – Crittenden, various clinics, medical suppliers, and nursing homes located in town.
With over 1,200 new jobs in the hospitality, retail and manufacturing sectors and total investments in both public and private facilities topping over half a billion dollars, West Memphis is on a #winning streak. Delaware North, which owns and operates Southland Casino Racing, just completed a $320 million expansion of the West Memphis, Arkansas gaming and entertainment destination in July of 2022 to include a new casino complex and high-rise hotel (opening late 2022). The project allows Southland to expand its gaming offerings to 2,400 gaming machines from the current 2,000 and as many as 60 live table games. The new, 113,000-square-foot casino complex also features new and expanded dining options, including a larger buffet, larger steakhouse restaurant, new food hall, new coffee shop, new player lounge and new center, lobby and steakhouse bars. The signature component of the expansion project is a 20-story hotel tower that features 300 rooms: 216 standard rooms, 72 corner suites and 12 penthouse suites on the top floor. Onsite parking is expanded via construction of a new, covered parking garage with 1,250 spaces.
҇ Excellent Visibility: Excellent visibility from Interstate 40 traveling east and west to Little Rock, Arkansas.
҇ Strategic Location: Located just half a mile west of where Interstate 40 and Interstate 55 meet. Interstate 55 travels less than 10 miles east to Memphis, Tennessee.
҇ Great Proximity: Excellent proximity to more than 30 national retailers within 1 mile of the property including Walmart, Murphy Oil, Kroger, Fidelity Bank, Burger King, Extended Suites, Walgreens, Fed Ex, McDonalds, Exxon, Shell, Chick fil A, , Papa John’s Pizza, Domino’s Pizza, Taco Bell, Sherwin Williams, Cracker Barrel, Holiday Inn and more.
҇ Abundant Daily Workforce: The property sits approximately 1 mile south of a large industrial area housing an abundant workforce for the Family Dollar Distribution Center (standing at 850,000 SF and serving AR, LA, TX, OK, MS, IL, KY, TN, GA and AL), the FedEx Freight Center, Robert Bosch Tool Corporation, the Sediver US Glass Assembly Plant (a $15M, 70,000 SF facility), Carvana Inspection Facility (opened in
January 2021 at 190,000 SF, $40M and providing 400 new employable positions). The property is also within 2-4 miles of the Baptist Memorial Hospital Crittenden, Hino Motors Manufacturing Plant (510,000 SF facility) and Southland Casino Racing (just completed a $320M expansion in July 2022 to include a 300-room high rise hotel).
҇ Big City Reach: Located less than 10 miles west of Memphis, TN with a population of nearly 700,000 residents.
҇ Strategic Location: Located just half a mile west of where Interstate 40 and Interstate 55 meet. Interstate 55 travels less than 10 miles east to Memphis, Tennessee.
҇ Great Proximity: Excellent proximity to more than 30 national retailers within 1 mile of the property including Walmart, Murphy Oil, Kroger, Fidelity Bank, Burger King, Extended Suites, Walgreens, Fed Ex, McDonalds, Exxon, Shell, Chick fil A, , Papa John’s Pizza, Domino’s Pizza, Taco Bell, Sherwin Williams, Cracker Barrel, Holiday Inn and more.
҇ Abundant Daily Workforce: The property sits approximately 1 mile south of a large industrial area housing an abundant workforce for the Family Dollar Distribution Center (standing at 850,000 SF and serving AR, LA, TX, OK, MS, IL, KY, TN, GA and AL), the FedEx Freight Center, Robert Bosch Tool Corporation, the Sediver US Glass Assembly Plant (a $15M, 70,000 SF facility), Carvana Inspection Facility (opened in
January 2021 at 190,000 SF, $40M and providing 400 new employable positions). The property is also within 2-4 miles of the Baptist Memorial Hospital Crittenden, Hino Motors Manufacturing Plant (510,000 SF facility) and Southland Casino Racing (just completed a $320M expansion in July 2022 to include a 300-room high rise hotel).
҇ Big City Reach: Located less than 10 miles west of Memphis, TN with a population of nearly 700,000 residents.
Sale Price
$4,400,000
Get in touch
Joey Blatner
Lic: OR Lic. #980500024
JB
Megan Wallachy
Lic: OR Lic. #200603442
MW
John Lamberson