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2906 Market St Pine Bluff, AR 71601

Sponsored
For Sale
$1,724,690

Stable Medical Office, Govt Lease

Property size:
9,900 SF

Description

Added:
Dec 11, 2024
Days on Market:
391
This Class A, 9,900 square foot medical office building in Pine Bluff, Arkansas, presents a compelling investment opportunity. Built in 2020, the property is 100% occupied under a 10-year gross lease (5.4 years remaining) with the Department of Veterans Affairs, providing a strong, credit-rated tenant. The lease commenced April 1, 2020, and includes rent escalations based on the CPI. The property boasts a 7.25% cap rate and a Net Operating Income (NOI) of $125,040, with an asking price of $1,724,690 ($174.21/sq ft). Situated on a 1.62-acre lot (APN: 931-53605-003), this fee-simple ownership offers a stable, long-term investment with minimal vacancy risk. The property's location in Pine Bluff, the 10th largest city in Arkansas, benefits from a substantial surrounding population and proximity to Little Rock. The tenant's regional service area further enhances the property's value and long-term prospects. This is a stabilized investment with a secure, government-backed lease.

Property Features for 2906 Market St

General Information

Property type
Medical offices
Square Feet
9,900 SF
Class
A
Lot Size
70,567 SF

Building Details

Year Built
2020
Buildings
1

HighLights

  • 9,900 SF Class A medical office building in Pine Bluff, AR.
  • 100% occupied by the Department of Veterans Affairs under a 10‑year gross lease (5.4 years remaining).
  • 7.25% cap rate and $125,040 NOI.
  • Asking price: $1,724,690 ($174.21/SF).
  • 1.62‑acre lot (APN: 931‑53605‑003); fee‑simple ownership.
Property Profile Location Intelligence

Current Use by Public Records

Pine Bluff VA ... Medical Clinic Bryan Raymundo Family Practice Physician Dana Strickland Pharmacy

Suggested Use

Restaurant Realty agency Spa & Massage Building Supply Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon Gym & Fitness

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Pine Bluff
County
Jefferson
State
Arkansas
Longitude
-91.9707991
Latitude
34.2124131

FAQs

What type of property is this?
Medical office - Stable Medical Office, Govt Lease
Where is this medical office located?
The property is located at 2906 Market St Pine Bluff, AR.
What is the asking price?
The asking price for this property is $1,724,690.
What are key features of this property?
This property features: 9,900 SF Class A medical office building in Pine Bluff, AR.; 100% occupied by the Department of Veterans Affairs under a 10-year gross lease (5.4 years remaining).; 7.25% cap rate and $125,040 NOI.
More about this property
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