1927 West Beebe Capps Expy Searcy, AR 72143

Property Details for 1927 West Beebe Capps Expy

Year built

1966

Lot size

1.98 lot acres

Property size

46,088 SF

Property type

Warehouses

APN

016-10376-000

APU

1610376000

Description

This exceptional mixed-use investment property, located at 1927 W. Beebe Capps Expy in Searcy, Arkansas, presents a compelling value-add opportunity. The 43,022 square foot building sits on a 2.7-acre lot and boasts a diverse tenant mix including medical, office, and retail spaces, currently operating at 77% occupancy. The property features 16 units with a gross lease structure and scheduled rent bumps, contributing to a strong projected NOI of $212,762 and a pro-forma cap rate of 9.48%. The current NOI is $198,554, with a current asking price of $2,350,000 and a price per square foot of $54.62. The property's strategic location along AR Highway 36 ensures high visibility and convenient access, benefiting from significant traffic counts. Its proximity to key businesses, attractions such as Regions Bank, Yancey Park, and the new Searcy Public Library, further enhances its appeal. Below-market rents and opportunities to backfill vacancies provide significant potential for increased returns. Lease terms extend to 2029, offering long-term stability and growth potential. This income-producing asset is an ideal investment for those seeking a strong return in a thriving Arkansas market. The property's diverse tenant base, including Farmers Insurance, White County Medical, and others, ensures a stable income stream and a promising future.

Location Insight

City

Searcy

County

White

State

Arkansas

Longitude

-91.7587

Latitude

35.2467

CBSA code

42620

CBSA name

SEARCY, AR MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments