For Sale
$2,410,000

1554 Country Club RdSherwood, AR 72120

Arkansas Urgent Care, NNN Lease

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a fee-simple interest in a 3,523 square foot, single-tenant medical office building in Sherwood, Arkansas. The property is occupied by HealthCARE Express under an absolute NNN lease with 11.1 years remaining until the end of 2035, featuring two five-year renewal options. The lease boasts annual 2% rent bumps, ensuring consistent income growth. Built in 2018, this one-story building sits on a 0.91-acre lot and generates a strong NOI of $165,859, representing a 7.00% cap rate on the $2,410,000 asking price. HealthCARE Express, established in 2006, is a reputable operator of urgent care facilities with a proven track record. The property benefits from its location in a thriving retail and healthcare corridor, adjacent to CHI St. Vincent North Hospital, and within a densely populated area with high average household incomes. This is a truly passive investment with no landlord responsibilities, offering significant long-term value and potential for appreciation. The property's strong tenant, long lease term, and built-in rent increases make it an attractive opportunity for investors seeking stable, high-yield returns in the healthcare sector. The location in Sherwood, Arkansas, just 11 miles northeast of Little Rock, provides excellent accessibility and visibility.

Highlights

  • Absolute NNN lease; no landlord responsibilities.
  • 2.0% annual rent escalations throughout the lease term.
  • 11-year lease remaining, expiring end of 2035.
  • Tenanted by established Healthcare Express.
  • 2018 construction.
  • Adjacent to CHI St. Vincent North Hospital.

Property Details for 1554 Country Club Rd

Property type
Office properties, Medical offices
Square Feet
3,523 SF
Year Built
2018
Buildings
1
Stories
1
Lot Size (sq. ft)
39,640 SF
Units
1

Location Insight

City
Sherwood
County
Pulaski
State
Arkansas
Latitude
34.8160756
Longitude
-92.2079526
1554 Country Club Rd, Sherwood, Arkansas

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1554 Country Club Rd
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