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Listing Details

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School Ratings & Info

Description

Property is currently 100% leased. 10,680 square feet leased by Responsive Education Solutions that Operates 80 Charter Schools in Texas and four currently in Arkansas. They have a five year lease with a five year option. One other Tenant is a Chiropractor (Dr Favorite) that occupies 1,680 square feet under a 7 year initial lease term with another 7 year option. Property will have a 7.3% CAP Rate with no contribution from Landlord for Tenant Improvements. Outstanding opportunity for this property for 10-31 Exchange. Property will increase in value by $200,000 in five years with lease increases scheduled.

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© 2021 Northwest Arkansas Board of Realtors, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or McNaughton Real Estate. Data last updated: 2021-09-21T00:25:51.887.
www.allnwahomes.com/homes/90850911
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693/777 White Road Springdale, AR 72762

  • Price: $1,800,000
  • Status: Active
  • MLS #: 1100956
0
Beds
0
Baths
0
½ Baths
3.72
Acres
12,922
SQFT
$139
$/SQFT
2007
Built
County:
Washington
Area:
Washington
Property Description
Property is currently 100% leased. 10,680 square feet leased by Responsive Education Solutions that Operates 80 Charter Schools in Texas and four currently in Arkansas. They have a five year lease with a five year option. One other Tenant is a Chiropractor (Dr Favorite) that occupies 1,680 square feet under a 7 year initial lease term with another 7 year option. Property will have a 7.3% CAP Rate with no contribution from Landlord for Tenant Improvements. Outstanding opportunity for this property for 10-31 Exchange. Property will increase in value by $200,000 in five years with lease increases scheduled.
Exterior Features

Roof Metal

Interior Features

Basement None Basement YN No

Property Features

Current Use Office Possible Use Retail Property Sub Type Retail Sewer Public Sewer Special Listing Conditions None Utilities Cable AvailableElectricity AvailableNatural Gas AvailableHigh Speed Internet AvailableSewer Available Year Built Details Resale (Less Than 25 Years Old)

Listing provided courtesy of Southern Tradition Real Estate, Llc.


© 2021 Northwest Arkansas Board of Realtors, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or McNaughton Real Estate. Data last updated: 2021-09-21T00:25:51.887.
 
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McNaughton Real Estate
4299 W. Persimmon
Fayetteville AR, 72704