This fully-leased, three-tenant retail center at 1009 N Hervey St offers investors a rare combination of strong in-place income and an outstanding 11% cap rate. The 6,000 SF building is 100% occupied by a mix of national, regional, and local tenants, providing built-in diversification and reduced rollover risk. All leases are structured as NNN or modified gross, minimizing landlord responsibilities and supporting stable, low-management cash flow. The sale also includes an adjacent 0.83-acre vacant lot behind the building, offering future expansion, outparcel development, or additional parking potential. Positioned along a well-traveled Hervey Street corridor in Hope, Arkansas, this is a turnkey investment opportunity for a buyer seeking dependable returns with upside.
Hope is located in Arkansas. Hope, Arkansas has a population of 9,010. Hope is less family-centric than the surrounding county with 20.52% of the households containing married families with children. The county average for households married with children is 23.93%.
The median household income in Hope, Arkansas is $42,122. The median household income for the surrounding county is $43,592 compared to the national median of $69,021. The median age of people living in Hope is 37.4 years.
The average high temperature in July is 92.1 degrees, with an average low temperature in January of 30.5 degrees. The average rainfall is approximately 54.2 inches per year, with 2.7 inches of snow per year.
