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 91.3% leased. All tenants operate under NNN leases with minimal landlord responsibilities. The current rent is $141,737 with 9 tenants but there is a potential rent of $154,865, if the two vacant units are filled at their listed rates. The adjusted NOI is $151,220, when considering the costs for the vacant units. The site spans 3.48 acres and sits along Highway 412 with approximately 19,000 vehicles per day.
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Listing Snapshot
Price
$2,230,000
Days On Site
61 Days
Bedrooms
N/A
Inside Area (SqFt)
11,998 sqft
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
3.48 Acres
Year Built
2023
MLS® Number
1355370
Status
Active
Property Tax
N/A
HOA/Condo/Coop Fees
N/A
Sq Ft Source
Owner
Friends & Family
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Recent Activity
2 months ago
Listing first seen on site
2 months ago
Listing updated with changes from the MLS®
General Features
Acres
3.48
Disclosures
SellersDisclosureNotAvailable
Foundation
Slab
Number Of Stories
1
Sewer
Septic Tank
SqFt Total
11998
Utilities
Electricity AvailablePropaneWater Available
Water Source
Public
Interior Features
Cooling
Electric
Flooring
Concrete
Heating
ElectricPropane
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Exterior Features
Roof
Metal
Community Features
Additional Association Fee Frequency
Monthly
Listing courtesy of Lane Auth of Black Diamond Mergers & Acquisitions, LLC