Property Description

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 79% leased, with one 2,400 SF suite available for lease up. All tenants operate under NNN leases with minimal landlord responsibilities. The current rent is $127,728 with 10 tenants but there is a potential rent of $159,408, if the vacant unit is filled at their listed rates. The adjusted NOI is $150,653, when considering the vacant unit. The site spans 3.48 acres and sits along Highway 412 with approximately 19,000 vehicles per day.

Property Features