3922 Main StBlytheville, AR 72315

For Sale
$2,171,371

8,000 SF Medical Office, 7% Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional investment opportunity presents a 8,000-square-foot Class A medical office building in Blytheville, Arkansas. The property, situated on a 1.15-acre lot at 3922 E Main St, boasts a prime location on the city's rapidly developing eastern corridor, surrounded by established national retailers and restaurants including Walmart, Lowe's, and Tractor Supply. The building features two units, currently 100% occupied by two medical tenants under new, long-term (10-year) triple-net (NNN) leases, ensuring a stable income stream. The property offers 49 parking spaces and is a single-story structure. With a total asking price of $2,171,371, the property provides a compelling 7.00% capitalization rate and a price per square foot of $271.42. The building's Net Operating Income (NOI) is $151,996, reflecting the strong tenancy and lease terms. The occupancy date for the current leases is August 15, 2022. The property's APN is 305-00214-265. This is a sale for leaseback transaction. This presents a rare opportunity to acquire a high-quality, well-located medical office building with strong tenant occupancy and a significant return on investment.

Highlights

  • 8,000 SF medical office building with two tenants.
  • Triple-net (NNN) leased investment property.
  • Excellent location near major national retailers including Walmart, Lowe's, and numerous restaurants.
  • Both tenants have recently signed long-term leases.

Property Details for 3922 Main St

Property type
Other office properties, Medical offices
Square Feet
8,000 SF
Class
A
Buildings
1
Stories
1
Lot Size (sq. ft)
50,094 SF
Units
2

Location Insight

City
Blytheville
County
Mississippi
State
Arkansas
Latitude
35.928762620013
Longitude
-89.864104877529
3922 Main St, Blytheville, Arkansas
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3922 Main St
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