For Sale
$2,490,000

4610 Commercial DrNorth Little Rock, AR 72116

Arkansas Net Lease Investment: 7.35% Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a 10,000 square foot, fee-simple owned, single-tenant net-lease property located at 4610 W Commercial Dr, North Little Rock, AR 72116. The property, built in 1993 and renovated in 2022, sits on a 1.22-acre lot in a high-traffic retail corridor experiencing significant growth, with over 65,000 cars passing daily. Currently occupied by Hopebridge Autism Therapy Center, a leading provider with over 115 locations nationwide, the property boasts a strong 100% occupancy rate. The current lease, commenced July 12, 2022, and expiring October 11, 2032, offers a remaining term of 7.9 years with two five-year renewal options. The lease includes a corporate guarantee and features attractive 3% annual rent increases. The property generates a substantial net operating income (NOI) of $183,005, resulting in a compelling 7.35% cap rate. This investment offers exceptional stability and growth potential, backed by a financially sound tenant and a prime location within a thriving market. The property is ideally suited for investors seeking a secure, long-term net lease investment with significant upside potential. The tenant's commitment to the community and the property's strategic location within a rapidly growing area ensure a promising return on investment. This is a rare opportunity to acquire a high-performing asset in a desirable market.

Highlights

  • New 10-year lease signed in 2022 with limited landlord responsibilities.
  • 3.00% annual rent increases, including option periods.
  • Two, five-year tenant renewal options.
  • Corporate guaranty from Hopebridge Autism Therapy (115+ locations).
  • Hopebridge acquired by Arsenal Capital Partners in 2019.
  • High-traffic retail corridor (65,000+ cars per day) outside Little Rock, AR.

Property Details for 4610 Commercial Dr

Property type
Day care centers & nurseries, Retail properties
Square Feet
10,000 SF
Year Built/Renovated
1993/2022
Lot Size (sq. ft)
53,143 SF

Location Insight

City
North Little Rock
County
Pulaski
State
Arkansas
Latitude
34.7966871
Longitude
-92.2218513
4610 Commercial Dr, North Little Rock, Arkansas

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4610 Commercial Dr
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