6
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$4,753,000
Est. payment /mo
23,996 SqFt
Active
20321 and 20323 E Hwy 412 Springdale, AR 72764
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Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 23,996 sqft
Price per Sqft $198
MLS Listing ID 1355414
HOA Y/N No
Year Built 2024
Lot Size 5.000 Acres
Acres 5.0
Property Sub-Type Other
Property Description
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.
Location
State AR
County Washington
Direction Head east on Highway 412 for 6.9 miles from Butterfield Coach Road. Turn right into the parking lot as the building is on the south side of Highway 412.
Exterior
Roof Type Metal
Road Frontage Main Thoroughfare
Building
New Construction No
Others
Special Listing Condition None
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Listed by Black Diamond Mergers & Acquisitions, LLC
NEARBY SCHOOL & BUSINESS
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