Blytheville Office Building Investment
1325 S Division Street, Blytheville, AR 72315
Social Security Administration
Property size:
5,038 SFLot size:
2.50 AcresPrice / SF:
$356/SF- Added:
- Jan 29, 2025
- Days on Market:
- 478
- Last Refresh:
- Mar 16 at 9:06 am
Property Features for 1325 S Division Street
General Information
- Standard status
- Active
- Property type
- Other office properties, Office buildings, Office Units, Office Spaces
- Size
- 5,038 SF
- Elevators
- N/A
- Lot size
- 2.50 Acres
- Investment Type
- Net Lease
- Net Operating Income
- $121,232
Building Details
- Year Built
- 2019
- Buildings
- 1
- Stories
- 1
Listing agent Ed (619) 546-0121
Listing office (619) 546-0121
Listing date Jan 29, 2025
HighLights
- Brand New 15‑Year Lease Extension (10‑Year Firm Term) With Minimal Landlord Responsibilities
- In 2019, the United States Government signed a brand‑new long‑term lease extension showing their commitment to this location.
- Modified gross lease with annual Operating Costs reimbursement adjustments. Very minimal, if any, expenses pass through to Landlord.
- Single tenant occupancy provides ease of management and ability to forecast future cash flows.
- Complete Remodel, New Roof And Expansion In 2019
- In 2019, the GSA completed a major remodel to the existing building, prompting the long‑term extension and securing their long‑term commitment to the site.
- The remodel consisted of an approximately 1,000 SF expansion to meet the demand of this location.
- GSA, with a Landlord contribution, paid $367, 762 in tenant improvements for the remodel.
- Approximately half of the roof was replaced during the remodel limiting the exposure of the landlord to any capital expenses in the near term.
- Investment Grade And “Amazon Proof” Tenant –Attractive Return
- The tenant, The United States Government, is investment grade with a Moody’s rating of “Aaa”, providing the ultimate peace of mind for any passive, conservative investor.
- This GSA tenant is e‑commerce proof – an excellent investment alternative to uncertain retailers.
- This investment provides an attractive return over the 10‑Year Treasury yield at 1.88%, while the property appreciates in value. Same guarantor, much better return and upside.
Overview
This 5,038 square foot office building is located on 2.5 acres in Blytheville, Arkansas. The property is currently occupied by the Social Security Administration (SSA) under a 15-year modified gross lease, with a 10-year firm term. The SSA reimburses the landlord for most NNN expenses. In 2019, the building underwent a complete remodel and a 1,000 square foot expansion, including a partial roof replacement. Tenant improvements totaled $367,762. The property offers an attractive return on investment with an "Aaa" rated government tenant and minimal landlord expenses. The net operating income is $121,232. The property is located in Northeast Arkansas, bordering Tennessee, Missouri, Kentucky, and Mississippi, and is in proximity to Memphis (one hour) and Little Rock (under three hours).
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Office Spaces
Location Insight
- Map
- Local Demand
- City
- Blytheville
- County
- Mississippi
- State
- Arkansas
- Longitude
- -89.919318
- Latitude
- 35.910529
Nearby Similar for Sale
FAQs
What type of property is this?
Office property - Social Security Administration
Where is this office property located?
The property is located at 1325 S Division Street Blytheville, AR.
What is the asking price?
The asking price for this property is $1,796,000.
What are key features of this property?
This property features: Brand New 15‑Year Lease Extension (10‑Year Firm Term) With Minimal Landlord Responsibilities; In 2019, the United States Government signed a brand‑new long‑term lease extension showing their commitment to this location.; Modified gross lease with annual Operating Costs reimbursement adjustments. Very minimal, if any, expenses pass through to Landlord.
