2906 Market St Pine Bluff, AR 71601
- Medical offices
- 9,900 SF
- 1.62 lot acres
Current Use by Public Records
- Pine Bluff VA Clinic / Medical Clinic / Veterans Hospital
- Bryan Raymundo / Family Practice Physician
- Dana Strickland / Pharmacy
Property Details for 2906 Market St
- Year built
- 2020
- Lot size
- 1.62 lot acres
- Property size
- 9,900 SF
- Property type
- Medical offices
- APN
- 931-53605-003
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Pine Bluff
- County
- Jefferson
- State
- Arkansas
- Longitude
- -91.9707991
- Latitude
- 34.2124131
