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 91.3% leased. All tenants operate under NNN leases with minimal landlord responsibilities. The current rent is $141,737 with 9 tenants but there is a potential rent of $154,865, if the two vacant units are filled at their listed rates. The adjusted NOI is $151,220, when considering the costs for the vacant units. The site spans 3.48 acres and sits along Highway 412 with approximately 19,000 vehicles per day.

Property Features