2420 Linwood Dr Paragould, AR 72450
- Office buildings
- 12,720 SF
- 1.46 lot acres
Current Use by Public Records
- Amanda Blue / Social Worker
- Laura Coin / Social Worker
- William Dement / Internist
- Kevin Curtis / Social Worker
- Allison Poe / Social Worker
Property Details for 2420 Linwood Dr
- Year built
- 2010
- Lot size
- 1.46 lot acres
- Property size
- 12,720 SF
- Property type
- Office buildings
- APN
- 1001-11100-002
- APU
- 100111100002
Description
This exceptional 12,720 square foot office building in Paragould, Arkansas, is currently 100% occupied by two tenants: the Department of Veterans Affairs and Life Strategies Counseling, Inc. The property boasts a strong financial performance, with a Net Operating Income (NOI) of $216,931 and a 7.00% cap rate. Built in 2010, this single-story building sits on a 1.46-acre lot and features ample parking. The tenants are secured by a corporate guarantee and credit rating, providing financial stability. The current lease is a gross lease with a remaining term of five years. The asking price is $3,099,011, translating to $243.63 per square foot. The property's prime location, adjacent to a Walmart Neighborhood Market and at a signalized intersection, ensures high visibility and accessibility. This presents a compelling investment opportunity for buyers seeking a stabilized, high-performing asset in a desirable location. The property's strong tenant base, coupled with its strategic location and financial performance, makes it an attractive addition to any investment portfolio. The address is 2420 Linwood Dr, Paragould, AR 72450.
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
- Paragould
- County
- Greene
- State
- Arkansas
- Longitude
- -90.522
- Latitude
- 36.0313
- CBSA code
- 37500
- CBSA name
- PARAGOULD, AR MICROPOLITAN STATISTICAL AREA
