528 Industrial Park Access Rd Trumann, AR 72472
- Office Properties & Spaces
- 8,450 SF
- 1.26 lot acres
Current Use by Public Records
- Office Properties & Spaces
Property Details for 528 Industrial Park Access Rd
- Year built
- 2020
- Lot size
- 1.26 lot acres
- Property size
- 8,450 SF
- Property type
- Office Properties & Spaces
- Property subtype
- Medical offices
Description
This exceptional Class A medical office building presents a compelling net lease investment opportunity. Located at 528 Industrial Park Access Rd, Trumann, AR 72472, this 8,450 square foot property boasts a 6.75% cap rate and a substantial net operating income (NOI) of $149,160. The property is situated on a 1.26-acre lot and features a single tenant, Arkids Pediatric Day Center, under a Net Lease (NN+) agreement with 7.5 years remaining on a 12.1-year lease, commencing May 1, 2020, and expiring May 31, 2032. The lease includes 10% rent bumps every five years, ensuring consistent income growth. Built in 2020, the building benefits from its prime location within the largest retail development in Poinsett County, Arkansas, enjoying high visibility and traffic counts exceeding 21,100 cars daily due to its proximity to Interstate 555. The area is experiencing significant growth, with nearby developments including a new mixed-use project and a large distribution center under construction. This investment offers a rare combination of strong tenancy, excellent location, and significant upside potential in a thriving market. The asking price is $2,209,800, translating to $261.51 per square foot. This property is ideally suited for investors seeking a low-management, high-return investment with a stable, long-term tenant.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Trumann
- County
- Poinsett
- State
- Arkansas
- Longitude
- -90.5523
- Latitude
- 35.6827
