For Auction
REIT Sale | Former Red Lobster | Hard Corner | Lowe’s Shadow
Pine Bluff, AR 71601Represented by
Marcus & Millichap
Asset Snapshot
Investment Highlights
Offering Summary
For Tours prior to auction, please email Kyle.Hynes@marcusmillichap.com & Philip.Kates@marcusmillichap.com
**Tours will not be allowed after auction.
Brokered by Marcus & Millichap and powered by RealINSIGHT Marketplace, 3000 Pines Mall Drive in Pine Bluff, Arkansas is a vacant ±4,183 SF freestanding restaurant/retail building on ±1.2 acres offered significantly below replacement cost, presenting an attractive opportunity for owner-users, investors, or developers to acquire a highly visible restaurant asset at an exceptional basis. Built in 1995 and formerly occupied by Red Lobster, the Property includes a commercial kitchen, dining area, walk-in cooler/freezer, approximately 78 parking spaces, and existing restaurant infrastructure that may reduce startup costs for a new operator. The site occupies a hard-corner position fronting E Harding Avenue, which carries ±6,522 VPD, at the entrance to the former Pines Mall, where redevelopment is planned. Immediate access to US-65 and I-530 approximately 0.5 mile away provides regional connectivity toward Little Rock. Saracen Casino Resort is about 1 mile away, adding a major entertainment demand generator. CoStar reports retail market rents of approximately $8–$10 PSF NNN. B-2 Shopping Center zoning supports a broad range of retail, restaurant, commercial, and service uses, creating flexibility for lease-up, owner occupancy, adaptive reuse, or redevelopment.
Due Diligence
Location
Pine Bluff is the Jefferson County seat and a regional hub for healthcare, manufacturing, education, gaming, and government. The Property sits near US-65 and I-530, about 50 minutes from Little Rock, with Saracen Casino Resort ±1 mile away. The 5-mile trade area includes ±30,407 residents with average household income above $68,000, supporting broad commercial demand.
Transaction Managers
Platform Fee
Buyer pays platform fee at closing.
5% or $20,000 minimum
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Disclaimers
The information being provided herein is for informational purposes only. No representation or warranty is made as to the accuracy or completeness of any information contained herein, including, without limitation, any information regarding the condition of the Property, the condition of title or Property descriptions. Any documents and/or pictures posted herein or elsewhere on the RealINSIGHT Marketplace (the "Website") are for informational purposes only, and may not represent the current condition of the Property or the condition of the Property at the time of sale. The posting of pictures herein or elsewhere on the Website does not constitute a guarantee that any items represented in the pictures will be present when the buyer takes possession of the Property. You are encouraged to conduct your own due diligence and investigate all matters relating to the Property. It is recommended that you seek independent advice, including legal advice, to perform your due diligence and that you use good faith efforts in determining that the content of all information provided to or obtained by you is accurate.
