25255 Highway 5
Lonsdale, AR 72087

Marcus & Millichap is pleased to offer the opportunity to acquire a 62,533-square foot value add retail center located in Lonsdale, Arkansas. East Gate Shopping Center is a multi-tenant center that is currently 40 percent occupied with a mix of triple-net and gross leases, providing tremendous upside potential. Anchored by Dollar General, other tenants consist of Tanner’s Neighborhood Bar & Grill, Hallmark, Subway, A to Zebra Pet Vet, Reed Chiropractic, East Gate Liquor, Century 21, Eric Hushaw, Elite Nails, and Diva Hair Designs. The building was originally constructed in 2001 and is situated on 9.21 acres with ample paved parking. The offering includes two pad sites with highway frontage for future development. The subject property is located on the south side of Arkansas Highway 5 (Old Hot Springs Highway). The surrounding area is rural, with a population of approximately 6,800 residents within five miles. The five-mile average household income is $75,000. Neighboring retailers include Shell gas station, Bank of the Ozarks, and Luxe Nail Spa. The property is in close proximity to Lake Balboa, the largest recreation lake in Hot Springs Village at 944 acres. The lake is surrounded by several golf courses, including Diamante Country Club, Magellan Golf Course, Ponce De Leon Golf Course, Coronado Golf Course, and Balboa Golf Course. The subject property borders Hot Springs Village, a recreational resort community in Arkansas’ Ouachita Mountains and the largest gated community in the United States. Hot Springs Village offers year-around golfing at nine professionally designed golf courses, 15 professionally surfaced tennis courts, fishing, boating, water skiing, and swimming in 11 pristine recreational lakes, and over 20 miles of walking trails.