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Freeman Health NWA Medical Plaza 4077 Elm Springs Rd 31,200 SF Office Building Springdale, AR 72762 $13,827,000 ($443.17/SF) 6.60% Cap Rate
Investment Highlights
- Located in the Northwest Arkansas MSA, a top 15 fastest growing MSA in the U.S. (Bentonville, Fayetteville, Springdale, and Rogers)
- Net lease with 2% annual rental increases
- Tenant pays a Management Fee of 2% of Total Income (inclusive of recoveries) which is roughly $21K and not included in the NOI
- Proven successful facility and practice evidenced by tenant’s recent lease renewal
- Recently constructed (2016) Class A 31,200 SF MOB utilized as a primary care doctor’s office and physical therapy center
- Positioned at a heavily trafficked signalized intersection (41,000 VPD) and just east of Interstate 49 (68,000 VPD)
Property Facts
Sale Type
Investment NNN
Property Type
Office
Property Subtype
Building Size
31,200 SF
Building Class
A
Year Built
2016
Price
$13,827,000
Price Per SF
$443.17
Cap Rate
6.60%
NOI
$912,600
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
15,600 SF
Building FAR
0.19
Lot Size
3.74 AC
Zoning
C-1
Parking
100 Spaces (3.21 Spaces per 1,000 SF Leased)
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Fairly walkable
40/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 815-29800-010 | Improvements Assessment | $2,158,790 |
| Land Assessment | $217,680 | Total Assessment | $2,376,470 |
Property Taxes
Parcel Number
815-29800-010
Land Assessment
$217,680
Improvements Assessment
$2,158,790
Total Assessment
$2,376,470
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Freeman Health NWA Medical Plaza | 4077 Elm Springs Rd
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