Two multi tenant NNN flex space centers in east Springdale, Arkansas are 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.
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Listing Snapshot
Price
$4,753,000
Days On Site
61 Days
Bedrooms
N/A
Inside Area (SqFt)
23,996 sqft
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
5 Acres
Year Built
2024
MLS® Number
1355414
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
5
Disclosures
SellersDisclosureNotAvailable
SqFt Total
23996
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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