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    FOR SALE
    Medical Office Space

    2906 Market St, Pine Bluff, AR 71601

    9,900 SF Built 2020
    Property ID
    US05-0790927
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Pine Bluff VA Clinic Medical Clinic
    • Bryan Raymundo Pediatrician Physician
    • Dana Strickland Pharmacy
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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