1927 Beebe Capps ExpySearcy, AR 72143

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.