1554 Country Clb Rd Sherwood, AR 72120-5095

Property Details for 1554 Country Clb Rd

Year built

2018

Lot size

0.91 lot acres

Property size

3,530 SF

Property type

Medical offices

Property subtype

Medical centers

APN

23S-048-10-003-01

APU

23S0481000301

Description

This exceptional investment opportunity presents a fee-simple interest in a 3,523 square foot, single-tenant medical office building in Sherwood, Arkansas. The property is occupied by HealthCARE Express under an absolute NNN lease with 11.1 years remaining until the end of 2035, featuring two five-year renewal options. The lease boasts annual 2% rent bumps, ensuring consistent income growth. Built in 2018, this one-story building sits on a 0.91-acre lot and generates a strong NOI of $165,859, representing a 7.00% cap rate on the $2,410,000 asking price. HealthCARE Express, established in 2006, is a reputable operator of urgent care facilities with a proven track record. The property benefits from its location in a thriving retail and healthcare corridor, adjacent to CHI St. Vincent North Hospital, and within a densely populated area with high average household incomes. This is a truly passive investment with no landlord responsibilities, offering significant long-term value and potential for appreciation. The property's strong tenant, long lease term, and built-in rent increases make it an attractive opportunity for investors seeking stable, high-yield returns in the healthcare sector. The location in Sherwood, Arkansas, just 11 miles northeast of Little Rock, provides excellent accessibility and visibility.

Location Insight

City

Sherwood

County

Pulaski

State

Arkansas

Longitude

-92.2077

Latitude

34.816

CBSA code

30780

CBSA name

LITTLE ROCK-NORTH LITTLE ROCK, AR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments