2607 Caddo St Arkadelphia, AR 71923

Property Details for 2607 Caddo St

Property size

17,968 SF

Property type

Lifestyle centers

Property subtype

Power centers

Description

This exceptional 17,968 square foot retail center, located at 2607 Caddo Street in Arkadelphia, Arkansas, presents a compelling investment opportunity. Currently boasting 100% occupancy with eight diverse tenants including a restaurant, medical offices, and retail spaces, this multi-tenant property offers a strong and stable income stream. The asking price is $1,245,000, representing a compelling $69.29 per square foot and a 7.66% capitalization rate. The Net Operating Income (NOI) stands at $95,421. Leases are primarily short-term with several tenants on month-to-month agreements, providing significant upside potential for future rent increases. The property sits on a substantial 1.51-acre lot, offering ample space and visibility. Its convenient location off Interstate 30, a major thoroughfare with 30,000 vehicles passing daily, ensures high traffic and excellent exposure for all tenants. The diverse tenant mix minimizes risk and provides a balanced portfolio. This is a rare opportunity to acquire a well-positioned, high-performing retail center with immediate cash flow and significant long-term growth potential. The property is offered on a gross lease structure.