NNN-Leased Commercial
480 North 40th Street, Springdale, AR 72762
For Sale
Contact for pricing
The property is subject to a long-term triple-net lease with scheduled rent increases.
Property Size24,430 SF
Lot Size3.26 Acres
Price / SF$158.89
Days on Market25
Property Features for 480 North 40th Street
General Information
Standard status
Size
Lot size
Property subtype
Tenancy & Operations
Tenant in Place
In-Place Lease Type
Current Tenants
Real Estate Included
Building Details
Tenancy
Listing Agency:
SURMOUNT
Listed By:
Glen Kunofsky · License NY 49KU1129178
(332) 345-4222
Source:
Crexi
Added: Oct 16
Changed: Nov 8
Last Checked: Nov 8 at 5:09PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SURMOUNT
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The commercial property comprises approximately 24,430 rentable square feet on an estimated 3.26-acre parcel. The building is leased under a triple-net agreement that began on June 23, 2022, with a 15.03-year lease term and scheduled increases every five years.
Key Highlights
- Approximately 24,430 rentable square feet of building area
- Estimated 3.26‑acre parcel
- Triple‑net lease commenced 6/23/2022
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$287,502
Cap Rate
7.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,750,040
$5.8M
Cap Rate 7%
$4,107,171
$4.1M
Cap Rate 9%
$3,194,467
$3.2M
Market Conditions
NOI Build-Up for 24,430 SF
Gross rent
$439.7K $18.00/SF
− Vacancy
−$29.0K −$1.19/SF
EGI
$410.7K $16.81/SF
− OpEx
−$123.2K −$5.04/SF
NOI
$287.5K $11.77/SF
Area
Washington County, AR
Vacancy
6.60%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,750,040
Cap Rate 7%
$4,107,171
Cap Rate 9%
$3,194,467
Alternative Uses
Best Use
Retail
$4.11M
$3.59M – $4.79M
NOI $287,502 @ 7.0% cap · market cap 7.41%
Second Best
Industrial
$2.04M
$1.79M – $2.38M
NOI $142,828 @ 7.0% cap · market cap 3.68%
Theoretical Best
Office A
$6.56M
$5.74M – $7.65M
NOI $459,018 @ 7.0% cap · market cap 11.83%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
414
Businesses Nearby
70k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 58%
Dining 39%
Home Improvements & Furnishings 2%
Hotels & Casinos 1%
Springdale #5
Shops & Services
23,629 visits/mo
0.4 miles
Whataburger
Dining
17,265 visits/mo
0.4 miles
Kum & Go
Shops & Services
16,087 visits/mo
0.3 miles
Taco Bell
Dining
6,038 visits/mo
0.3 miles
Wienerschnitzel
Dining
3,735 visits/mo
0.5 miles
Demographics for 72762, AR
42,175
Population
17,270
Households
2.4
Avg Household Size
36
Median Age
33%
College-Educated
85%
High-School Grad
58.1 sq mi
ZIP Area
726
Density / Sq Mi
$80,678
Median Household Income
$42,066
Median Earnings
$1,118
Median Rent
$278,600
Median Home Value
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
NNN property - The property is subject to a long-term triple-net lease with scheduled rent increases.
Where is this nnn property located?
The property is located at 480 North 40th Street Springdale, AR.
What is the asking price?
The asking price for this property is $3,881,667.
What are key features of this property?
This property features: Approximately 24,430 rentable square feet of building area; Estimated 3.26‑acre parcel; Triple‑net lease commenced 6/23/2022
