For Sale
$5,869,000

193 Fantinel Dr Springdale, AR 72762

Arkansas NNN Lease, High Growth Area

Overview

Added:
Dec 11, 2024
Days on market:
132
This exceptional investment opportunity presents a fee-simple interest in a 8,875 square foot Goddard School located in Springdale, Arkansas. The property sits on a 1.19-acre lot and boasts a 15-year absolute triple-net (NNN) lease commencing June 1, 2024, and expiring May 31, 2039, with 10% rent bumps every five years. The tenant, a leading early childhood education provider with over 600 locations nationwide, occupies the entire building at 100% occupancy, generating a strong net operating income (NOI) of $402,000 and a 6.85% cap rate. The property features 26 parking spaces and is zoned C-2 (General Commercial). Situated in a rapidly growing area of Northwest Arkansas, this location benefits from a robust demographic profile, including an average annual household income of $133,000 within a one-mile radius and a 55% population increase within a three-mile radius over the past decade. The property's proximity to major employers, the University of Arkansas, and cultural institutions further enhances its appeal. This single-story building offers operational efficiencies for the tenant and attractive investment potential for buyers seeking a stable, long-term investment in a high-growth market. The lease includes two five-year renewal options. The asking price is $5,869,000.

Highlights

  • 15-Year Absolute Triple Net (NNN) lease with built-in rental growth.
  • The Goddard School, a leading national early childhood education provider with 600+ locations, occupies the property.
  • Brand-new, Class-A building constructed to suit tenant needs.
  • Located in high-growth Northwest Arkansas, near Fortune 500 companies and the University of Arkansas, 25 minutes from Walmart headquarters.
  • Strong demographics: $133,000 average household income within one mile and 55% population growth within a three-mile radius over the past decade.

Property Details for 193 Fantinel Dr

Property type
Specialty properties, Schools
Square Feet
8,875 SF
Buildings
1
Stories
1
Lot Size (sq. ft)
51,836 SF
Units
1

Location Insight

City
Springdale
County
Washington
State
Arkansas
Latitude
36.177682
Longitude
-94.2232037

FAQs

What type of property is this?
Specialty property - Arkansas NNN Lease, High Growth Area
Where is the specialty property located?
The property is located at 193 Fantinel Dr Springdale, AR.
What is the asking price?
The asking price for this property is $5,869,000.
What are key features of this property?
This property features: 15-Year Absolute Triple Net (NNN) lease with built-in rental growth.; The Goddard School, a leading national early childhood education provider with 600+ locations, occupies the property.; Brand-new, Class-A building constructed to suit tenant needs.
How can I contact the broker?
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193 Fantinel Dr
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