193 Fantinel Dr Springdale, AR 72762
- Specialty properties
- 8,875 SF
- 1.19 lot acres
Current Use by Public Records
- Specialty properties
Property Details for 193 Fantinel Dr
- Lot size
- 1.19 lot acres
- Property size
- 8,875 SF
- Property type
- Specialty properties
- Property subtype
- Schools
Description
This exceptional investment opportunity presents a fee-simple interest in a 8,875 square foot Goddard School located in Springdale, Arkansas. The property sits on a 1.19-acre lot and boasts a 15-year absolute triple-net (NNN) lease commencing June 1, 2024, and expiring May 31, 2039, with 10% rent bumps every five years. The tenant, a leading early childhood education provider with over 600 locations nationwide, occupies the entire building at 100% occupancy, generating a strong net operating income (NOI) of $402,000 and a 6.85% cap rate. The property features 26 parking spaces and is zoned C-2 (General Commercial). Situated in a rapidly growing area of Northwest Arkansas, this location benefits from a robust demographic profile, including an average annual household income of $133,000 within a one-mile radius and a 55% population increase within a three-mile radius over the past decade. The property's proximity to major employers, the University of Arkansas, and cultural institutions further enhances its appeal. This single-story building offers operational efficiencies for the tenant and attractive investment potential for buyers seeking a stable, long-term investment in a high-growth market. The lease includes two five-year renewal options. The asking price is $5,869,000.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Springdale
- County
- Washington
- State
- Arkansas
- Longitude
- -94.2232
- Latitude
- 36.1777
