3922 Main St Blytheville, AR 72315
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8,000 SF Medical Office, 7% Cap Rate
Property size:
8,000 SFProperty Features for 3922 Main St
General Information
- Property type
- Medical offices
- Square Feet
- 8,000 SF
- Class
- A
- Lot Size
- 50,094 SF
Building Details
- Buildings
- 1
- Stories
- 1
- Units
- 2
Listing Agency: Legacy Realty Group Listing Agent: Garrett Mcpherson
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
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.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Southern Pain and Regenerative ...
Physician
Higginbotham Family Dental
Dental Office
Southern Vascular & Pain ...
Physician
Dr. Todd Higginbotham, ...
Dental Office
Location Insight
- Map
- Local Demand
- City
- Blytheville
- County
- Mississippi
- State
- Arkansas
- Longitude
- -89.864104877529
- Latitude
- 35.928762620013
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FAQs
What type of property is this?
Medical office - 8,000 SF Medical Office, 7% Cap Rate
Where is this medical office located?
The property is located at 3922 Main St Blytheville, AR.
What is the asking price?
The asking price for this property is $2,171,371.
What are key features of this property?
This property features: 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.