Walmart Shadow Center

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120-155 Northpark Dr.
Monticello, AR

Price: $7,560,000

Cap: 8.00%

NOI: $604,665

Building Size: 71,068 SF

Lot Size: 7.47 AC

Investment Highlights

NORTHPARK SHOPPING CENTER

• The subject property is a 95% occupied, 71,068 square foot shadow-anchored retail center located in Monticello, Arkansas

• The shopping center has been anchored by a Walmart Supercenter for the last 26 years | Walmart owns the Walmart Real Estate

• With a limited amount of surrounding retailers, Walmart serves as the major single-source retailer in this market and several surrounding markets

• #1 Walmart in a 30-Mile Radius

DOMINANT REGIONAL SHOPPING CENTER

• NorthPark Shopping Center sees an astounding 3.4M annual visits (including Walmart, Shops, & Outparcels)

• This ranks as the #1 most visited shopping center in a 50 mile radius (out of 17 shopping centers)

• Due in large part to leasing activity, Northpark Shopping Center is in a major upward trajectory, seeing a 55% increase in visits over the last 3 years

• NorthPark Shopping Center services 60,000+ people across a 50-Mile Trade Area

STABLE NATIONAL TENANT LINEUP | LEASING MOMENTUM

• 60% of the center is leased to strong national brands

• CATO, Hibbett Sports, It’s Fashion Metro, Pizza Hut, and Rent-A-Center are seasoned high- performing tenants in this center and have an average tenant tenure of 21 Years

• It’s Fashion Metro just executed a 1-Year lease renewal

• Leasing Momentum | The high traffic nature of the center has drawn attention and recent lease executions from Burke’s Outlet, Shoe Sensation, and Verizon

• Seller has executed 13 leases over the last 2 years

• Average Lease Term of National Tenants: 4 Years

• Weighted Average Lease Term of Shopping Center: 5 Years

HEART OF RETAIL CORRIDOR

• The shopping center is the heart of a retail corridor serving a 50-mile trade area

• Located at the intercept position of Highway 278 W and 425 N | Average VPD: 30,000 • Outparcels: McDonalds, Wendy’s, Dollar Tree, Exxon, Taco Bell, Popeye’s

• Adjacent to Holiday Inn, Hampton Inn, Take 5, Dairy Queen, Walgreens, and Sonic

Zach Taylor

678-808-2780 | EMAIL >

Eric Abbott

678-808-2746 | EMAIL >

OFFERING MEMORANDUM

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