Description
Property is currently 100% leased. 10,680 square feet leased by Responsive Education Solutions that Operates 80 Charter Schools in Texas and four currently in Arkansas. They have a five year lease with a five year option. One other Tenant is a Chiropractor (Dr Favorite) that occupies 1,680 square feet under a 7 year initial lease term with another 7 year option. Property will have a 7.3% CAP Rate with no contribution from Landlord for Tenant Improvements. Outstanding opportunity for this property for 10-31 Exchange. Property will increase in value by $200,000 in five years with lease increases scheduled.
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0BEDS
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3.72ACRES
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0BATHS
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01/2 BATHS
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12,922SQFT
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$139$/SQFT
School Ratings & Info
Description
Property is currently 100% leased. 10,680 square feet leased by Responsive Education Solutions that Operates 80 Charter Schools in Texas and four currently in Arkansas. They have a five year lease with a five year option. One other Tenant is a Chiropractor (Dr Favorite) that occupies 1,680 square feet under a 7 year initial lease term with another 7 year option. Property will have a 7.3% CAP Rate with no contribution from Landlord for Tenant Improvements. Outstanding opportunity for this property for 10-31 Exchange. Property will increase in value by $200,000 in five years with lease increases scheduled.
© 2021 Northwest Arkansas Board of Realtors, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Annette Gore Team | EXP Realty. Data last updated: 2021-03-08T18:26:16.557.
Listing provided courtesy of Southern Tradition Real Estate, Llc.