1500 Dewitt Henry Dr Beebe, AR 72012
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Prime Beebe, AR mixed-use property. High cap rate, strong tenant.
Property size:
10,800 SFProperty Features for 1500 Dewitt Henry Dr
General Information
- Property type
- Individual retail properties
- Square Feet
- 10,800 SF
- Class
- B
- Lot Size
- 30,056 SF
Building Details
- Year Built
- 1982
- Buildings
- 1
- Stories
- 2
Listing Agency: Richardson Properties LLC Listing Agent: Steve Tracy
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
This exceptional investment opportunity presents a 10,800 square foot, two-story Class B mixed-use building located at 1500 W Dewitt Henry Dr, Beebe, AR 72012. The property, built in 1982 and situated on a 0.69-acre lot, offers a compelling blend of retail, office, and bank space. Currently operating under a NNN lease structure with a multi-tenant occupancy of 50%, the building boasts a strong pro-forma NOI of $108,603 and a 9.05% cap rate. The first floor, encompassing 5,000 square feet, is ideally suited for owner-occupancy or lease, potentially as a bank given its existing infrastructure including a two-car drive-thru. The second floor, completely remodeled in 2018, including a new TPO roof, is currently occupied by a national tenant under a lease with 3 years remaining. This floor features professional office space, an elevator, and separate entrance/exit points. The property is conveniently located across from the ASU-Beebe campus. Tenant improvement allowances are available. This is a rare opportunity to acquire a well-positioned mixed-use property in a growing market with significant upside potential. The building consists of one building with two stories.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
The Church of Jesus Christ ...
Church
ATM (Regions Bank)
Atm
Regions Mortgage
Loan Service
Regions Bank
Bank
Location Insight
- Map
- Local Demand
- City
- Beebe
- County
- White
- State
- Arkansas
- Longitude
- -91.901158
- Latitude
- 35.074425
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FAQs
What type of property is this?
Individual retail property - Prime Beebe, AR mixed-use property. High cap rate, strong tenant.
Where is this individual retail property located?
The property is located at 1500 Dewitt Henry Dr Beebe, AR.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 10,800 SF Class B mixed-use building on 0.69 acres in Beebe, AR.; Built in 1982, with a 50% multi-tenant occupancy under NNN leases.; Strong pro-forma NOI of $108,603 and a 9.05% cap rate.