1927 Beebe Capps ExpySearcy, AR 72143

For Sale
$2,350,000

43,022 SF, 8.45% Cap Rate, Value-Add

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional mixed-use investment property, located at 1927 W. Beebe Capps Expy in Searcy, Arkansas, presents a compelling value-add opportunity. The 43,022 square foot building sits on a 2.7-acre lot and boasts a diverse tenant mix including medical, office, and retail spaces, currently operating at 77% occupancy. The property features 16 units with a gross lease structure and scheduled rent bumps, contributing to a strong projected NOI of $212,762 and a pro-forma cap rate of 9.48%. The current NOI is $198,554, with a current asking price of $2,350,000 and a price per square foot of $54.62. The property's strategic location along AR Highway 36 ensures high visibility and convenient access, benefiting from significant traffic counts. Its proximity to key businesses, attractions such as Regions Bank, Yancey Park, and the new Searcy Public Library, further enhances its appeal. Below-market rents and opportunities to backfill vacancies provide significant potential for increased returns. Lease terms extend to 2029, offering long-term stability and growth potential. This income-producing asset is an ideal investment for those seeking a strong return in a thriving Arkansas market. The property's diverse tenant base, including Farmers Insurance, White County Medical, and others, ensures a stable income stream and a promising future.

Highlights

  • Exceptional mixed-use investment property in Searcy, AR, offering a value-add opportunity.
  • 43,022 SF building on a 2.7-acre lot with a diverse tenant mix (medical, office, retail), currently 77% occupied.
  • 16 units with gross leases, scheduled rent increases, projected NOI of $212,762, and a pro-forma cap rate of 9.48%.
  • Current NOI is $198,554, asking price is $2,350,000 ($54.62/SF).
  • High-visibility location on AR Highway 36, near key businesses and amenities.
  • Below-market rents and vacancy potential for increased returns; leases extend to 2029.

Property Details for 1927 Beebe Capps Expy

Property type
Other retail properties, Other office properties
Square Feet
43,022 SF
Lot Size (sq. ft)
117,612 SF
Units
16

Location Insight

City
Searcy
County
White
State
Arkansas
Latitude
35.247229251374
Longitude
-91.759057018662
1927 Beebe Capps Expy, Searcy, Arkansas

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1927 Beebe Capps Expy
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