A multi tenant NNN flex space center in east Springdale, Arkansas is available for acquisition. The property totals 11,998 square feet and is currently 79% leased, with one 2,400 SF suite available for lease up. All tenants operate under NNN leases with minimal landlord responsibilities. The current rent is $127,728 with 10 tenants but there is a potential rent of $159,408, if the vacant unit is filled at their listed rates. The adjusted NOI is $150,653, when considering the vacant unit. The site spans 3.48 acres and sits along Highway 412 with approximately 19,000 vehicles per day.
| MLS # | 26029595 |
|---|---|
| Listing Type | For Sale |
| Style | Investment |
| Sub-Type | For-lease |
| Status | Active |
| Year | 2023 |
| Days On Site | 57 |
| Listing Provided By | Black Diamond Mergers & Acquisitions, LLC | Christian Baldwin |
| SQ Feet | 11,998 |
|---|---|
| Story(s) | 1 |
| Acreage | 3.48 |
| Property | 7986 |
|---|
| State | AR |
|---|---|
| County | Washington |
| City | Springdale |
| Zip Code | 72764 |
| Area | SPRINGDALE |
| Subarea | SPRINGDALE |
| Community Name | AR |
| Listing VS Median (in AR) | |
Price: $2,230,000 low | high Med: $300,000 sqft: 11,998 low | high Med: 1,474 $ / sqft: $186 low | high Med: $204 On site: 57 low | high Med: 313 | |
| State | AR |
|---|---|
| County | Washington |
| City | Springdale |
| Zip Code | 72764 |
| Area | SPRINGDALE |
| Subarea | SPRINGDALE |
| Community Name | AR |
| Listing VS Median (in AR) | |
Price: $2,230,000 low | high Med: $300,000 sqft: 11,998 low | high Med: 1,474 $ / sqft: $186 low | high Med: $204 On site: 57 low | high Med: 313 | |