325 S 6th Pl - Medical FOR SALE


Lowell, AR 72745
$5,140,000 USD
720-604-2220
325 S 6th Pl, Lowell, AR for Sale
$5,140,000 USD
Medical - FOR SALE
1/5
null | 6.4% Cap Rate

325 S 6th Pl
Lowell, AR 72745


HIGHLIGHTS

  • Located in the Northwest Arkansas MSA, a top 15th fastest growing in the U.S. (Bentonville, Fayetteville, Springdale, and Rogers)
  • Long-term lease with over 7 years remaining
  • 2% annual rental increases
  • Absolute triple net lease with no landlord responsibilities
  • Tenant has a successful 20+/- year operating history at the property
  • Tenant is committed to the location evidenced by the brand-new lease extension

OVERVIEW

The Boulder Group is pleased to exclusively market for sale a single tenant Mercy Health medical office building located within the Northwest Arkansas MSA (Bentonville, Fayetteville, Springdale, and Rogers), which is a top 15 fastest growing MSA in the country. The property is a family medicine and pediatric doctor’s office. Mercy Health has successfully operated at the location for approximately twenty years and just signed a brand-new 7-year lease extension. The triple net lease features no landlord responsibilities and 2% rental increases every five years. The 15,000 square foot high-end medical office building is strategically located along Interstate 49 with visibility to 90,000 vehicles per day. The immediate area is rapidly growing with almost 4% projected annual population growth within a mile. The property is positioned adjacent to the headquarters of J.B. Hunt, one of the world’s largest trucking companies and ranked 316 on the Fortune 500 list. The surrounding area is extremely affluent with average annual household income of $132,000 within three miles. The property is located approximately ten miles south of Walmart’s headquarters and ten miles east of the Northwest Arkansas National Airport.

FOR SALE DETAILS

PRICE

$5,140,000 USD

PRICE/SF

$292 USD /SF

CAP RATE

6.4%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Mercy Medical Clinic

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

ADD'L SUBTYPES

Industrial Live/Work Unit

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1996

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.2 AC

LAND SF

139,392 SF

ZONING

-

APN/PARCEL ID

12-00232-008

ASK ABOUT THIS PROPERTY

Zach WrightThe Boulder GroupMore Info
720-604-2220

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Zach WrightThe Boulder GroupMore Info
720-604-2220

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.