Two multi tenant NNN flex space centers in east Springdale, Arkansas is available for acquisition. The two buildings each total 11,998 square feet (23,996 SF in total) and combined are currently 84% leased, with four suites available for lease up. All tenants operate under NNN leases with minimal landlord responsibilities. The current rent is $279,660 with 19 tenants but there is a potential rent of $333,660, if the 4 vacant units are filled at their listed rates. The adjusted NOI is $320,844, when considering the vacant units. The site spans 5 acres and sits along Highway 412 with approximately 19,000 vehicles per day.
| MLS # | 26029603 |
|---|---|
| Listing Type | For Sale |
| Style | Investment |
| Sub-Type | For-lease |
| Status | Active |
| Year | 2024 |
| Days On Site | 97 |
| Listing Provided By | Black Diamond Mergers & Acquisitions, LLC | Christian Baldwin |
| SQ Feet | 23,996 |
|---|---|
| Story(s) | 1 |
| Acreage | 5.00 |
| Property | 13711 |
|---|
| State | AR |
|---|---|
| County | Washington |
| City | Springdale |
| Zip Code | 72764 |
| Area | SPRINGDALE |
| Subarea | SPRINGDALE |
| Community Name | AR |
| Listing VS Median (in AR) | |
Price: $4,753,000 low | high Med: $315,000 sqft: 23,996 low | high Med: 1,751 $ / sqft: $198 low | high Med: $180 On site: 97 low | high Med: 55.5 | |
| State | AR |
|---|---|
| County | Washington |
| City | Springdale |
| Zip Code | 72764 |
| Area | SPRINGDALE |
| Subarea | SPRINGDALE |
| Community Name | AR |
| Listing VS Median (in AR) | |
Price: $4,753,000 low | high Med: $315,000 sqft: 23,996 low | high Med: 1,751 $ / sqft: $198 low | high Med: $180 On site: 97 low | high Med: 55.5 | |