Retail Business for Lease in West Memphis, AR

  • Price: $4.4M
  • Listing type: For lease
  • Asset type: Retail Business
  • Location: West Memphis, AR 72301

Description

100% Leased Walmart Shadow Anchored Shopping Center 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.

Market Context

This retail in West Memphis, AR is listed for lease at $4,400,000. It has been on the market for 164 days. Compare it against other retail listings for lease in West Memphis, AR — <a href="/search/lease/retail/arkansas/west-memphis">view the full market</a>.

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