Property details

Arkansas Real Estate, Southeast Region

Property Description

Arkansas Real Estate multi-tenant investment property. A new, partial 2-story retail and office building located on the prime commercial artery and surrounded by the major retail uses in town. This Arkansas real estate property was completed in 2006 with a metal structure and masonry and EFIS exterior.

Initial leasing is still under way, with the current occupancy being 64%, including the 1 pending lease. This prime Arkansas real estate retail property includes major anchor tenants like Starbucks, FedEX Kinko's, and Mattress King.

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Highlights

Status:
Available
Price:
$8,800,000
PSF:
$225
Cap Rate:
6.50%
Annual Rent:
$574,833
Rent Increases:
None
 

Property Information

Building Size:
39,117 sq.ft.
Property Type:
Shopping Center
Industry Type:
Retail
Units/Spaces:
8
Year Built:
2006
Land Area:
2.90 acres
Purchase Tenure:
Fee Simple
 

Existing financing information

N/A

The information contained herein contains confidential and/or privileged material. Any review, retransmission, dissemination or other use of, or taking of any action in reliance upon, this information by persons or entities other than the intended recipient will be prohibited. The information contained herein has been obtained from sources believed to be reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about the accuracy or completeness of the information. As a buyer, it is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this property to you depends on factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. We have no knowledge of this offering other than the information received from Seller or their representatives. We are neither your agent or an agent for the seller. We will not participate in the negotiation of the purchase price or attend the showing of this property. As a buyer, you will be required to indemnify us and hold us harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this property.