Property profile

2906 Market St Pine Bluff, AR 71601

FOR SALE
Medical Office Space
Property ID
US05-0790927
9,900 SF Built 2020
Saved · see the list in your Dashboard

Property summary

AI-generated overview

Legacy Realty Group is excited to offer an outpatient medical facility leased to the Department of Veterans Affairs located in Pine Bluff, Arkansas. The property is 100% leased with Six (6) years remaining on a Ten (10) year lease. The VA clinic is in close proximity to the capital city of Arkansas, Little Rock, as it is just 40 minutes away. HIGHLIGHTS: -Long Lease Term- Six (6) Years remain on a Firm Ten (10) year Government back lease with no termination options. -Strong Tenant- Guaranteed by the United States Government, General Services Administration. (GSA) -Limited Competition -Subject property serves as a regional outpatient clinic as its the only VA clinic within 45 miles. -Surrounding Client Base- Almost 25% of U.S. population is potentially eligible for V.A. benefits and services because they are veterans, family members, or survivors of veterans. Pine Bluff is the 10th largest city in the state of Arkansas with almost 45,000 people, and a land mass of 46 square miles. Located in Jefferson County, Pine Bluff is located in the heart of the Arkansas River Basin which is known for its rich agriculture such as cotton, soybeans, and rice. Not only is it known for agriculture, but most recently the modern construction of the Saracen Casino and Resort. The Casino development cost over $350MM and employed over 1,000 people.

Property profile

Verified
Property type Medical Office Space
Year built 2020
Total area 9,900 SF
UPID US05-0790927

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Medical Clinic
  • Pediatrician Physician
  • Pharmacy

Location

2906 Market St Pine Bluff, AR 71601
Pine Bluff metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message