6837 Ar-126 Midway, AR 72651
- Industrial properties
- 19,000 SF
- 7.08 lot acres
Current Use by Public Records
- Industrial properties
Property Details for 6837 Ar-126
- Year built
- 1998
- Lot size
- 7.08 lot acres
- Property size
- 19,000 SF
- Property type
- Industrial properties
- Property subtype
- Manufacturing properties
Description
This Midway, Arkansas industrial property presents a compelling value-add investment opportunity. The offering encompasses a 19,000-square-foot manufacturing facility on a 7.08-acre lot, currently boasting 100% occupancy with four tenants. The main building, constructed between 1998 and 2000, features 16-foot ceilings and two loading docks. The property is subject to a modified gross lease, with a primary tenant holding a lease expiring December 31, 2029, including two two-year renewal options. This tenant has a right of first refusal on any sale. Other tenants are on month-to-month leases. Rent increases are structured at 6% every two years, ensuring consistent income growth. The property generates a substantial net operating income (NOI) of $58,003, yielding a 10% capitalization rate at the asking price of $580,000. The property is zoned S-1, S-2, and C-1, offering potential for future development. While a survey is unavailable, the sale includes the existing buildings and land. Note that any subdivision requests are the buyer's responsibility. The buyer of this parcel will be required to provide an easement to the back acreage if necessary. Two adjacent parcels are also available for purchase, totaling approximately 14.08 acres of land with additional buildings and tenants, offering significant expansion potential. Financial statements are available upon request.
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
- Midway
- County
- Baxter
- State
- Arkansas
- Longitude
- -92.4606
- Latitude
- 36.3768
