Leased Retail Portfolio in Fort
For Sale
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6210 Huntington Cir, Fort Smith, AR 72916
Fully leased retail portfolio in a high-growth mixed-use district.
Property Size22,062 SF
Price / SF$333.29
Days on Market153
Property Features for 6210 Huntington Cir
General Information
Standard status
Active
Size
22,062 SF
Property subtype
Retail, Office
Occupancy
100%
Lease Type
NNN
Building Details
Buildings
4
Stories
1
Tenancy
Multi
Listing Agency:
Cushman & Wakefield - Sage Partners - Rogers, Arkansas
(479) 845-3000
Listed By:
Tom Allen · License #PB00064895
Source:
Crexi
Added: Mar 13
Changed: Aug 8
Last Checked: Aug 10 at 3:29PM
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 Cushman & Wakefield - Sage Partners - Rogers, Arkansas
Investment Insights
Based on property information with market context.
Chaffee Commons is a four-property retail portfolio located in Fort Smith. The portfolio consists of fully leased retail buildings occupied by a mix of medical, wellness, and service-oriented tenants, including Chaffee Vet, Fort Smith Eye Specialist, Anytime Fitness, Onyx, Core Health, and The Couch. Situated within Chaffee Crossing, one of the region’s fastest-growing mixed-use districts, the properties benefit from proximity to major medical campuses, corporate headquarters, and high-end residential neighborhoods. The diversified tenant roster and NNN lease structure provide investors with stable cash flow in a high-growth submarket. The property size is 22062 square feet.
Key Highlights
- 100% Leased NNN Portfolio: Provides immediate and stable cash flow.
- Located in Chaffee Crossing: A rapidly growing mixed‑use district.
- Strong Mix of Tenants: Includes medical, wellness, and service‑oriented businesses.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$220,399
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.00%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,407,980
$4.4M
Cap Rate 7%
$3,148,557
$3.1M
Cap Rate 9%
$2,448,878
$2.4M
Market Conditions
NOI Build-Up for 22,062 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$317.7K $14.40/SF
− Vacancy
−$23.8K −$1.08/SF
EGI
$293.9K $13.32/SF
− OpEx
−$73.5K −$3.33/SF
NOI
$220.4K $9.99/SF
Area
Sebastian County, AR
Vacancy
7.50%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,407,980
Cap Rate 7%
$3,148,557
Cap Rate 9%
$2,448,878
Alternative Uses
Best Use
Office B
$3.15M
$2.75M – $3.67M
NOI $220,399 @ 7.0% cap · market cap 3.00%
Second Best
Retail
$2.47M
$2.16M – $2.88M
NOI $173,090 @ 7.0% cap · market cap 2.35%
Theoretical Best
Healthcare Medical
$4.69M
$4.11M – $5.48M
NOI $328,574 @ 7.0% cap · market cap 4.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
79
Businesses Nearby
Explore this area
Business Placement
Demographics for 72916, AR
10,250
Population
4,720
Households
2.2
Avg Household Size
41
Median Age
45%
College-Educated
92%
High-School Grad
37.7 sq mi
ZIP Area
272
Density / Sq Mi
$88,125
Median Household Income
$51,444
Median Earnings
$1,212
Median Rent
$257,100
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Fully leased retail portfolio in a high-growth mixed-use district.
Where is this retail space located?
The property is located at 6210 Huntington Cir Fort Smith, AR.
What is the asking price?
The asking price for this property is $7,353,022.
What are key features of this property?
This property features: 100% Leased NNN Portfolio: Provides immediate and stable cash flow.; Located in Chaffee Crossing: A rapidly growing mixed‑use district.; Strong Mix of Tenants: Includes medical, wellness, and service‑oriented businesses.
