For Sale
$2,209,800

528 Industrial Park Access RdTrumann, AR 72472

High-yield medical office, strong tenant.

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional Class A medical office building presents a compelling net lease investment opportunity. Located at 528 Industrial Park Access Rd, Trumann, AR 72472, this 8,450 square foot property boasts a 6.75% cap rate and a substantial net operating income (NOI) of $149,160. The property is situated on a 1.26-acre lot and features a single tenant, Arkids Pediatric Day Center, under a Net Lease (NN+) agreement with 7.5 years remaining on a 12.1-year lease, commencing May 1, 2020, and expiring May 31, 2032. The lease includes 10% rent bumps every five years, ensuring consistent income growth. Built in 2020, the building benefits from its prime location within the largest retail development in Poinsett County, Arkansas, enjoying high visibility and traffic counts exceeding 21,100 cars daily due to its proximity to Interstate 555. The area is experiencing significant growth, with nearby developments including a new mixed-use project and a large distribution center under construction. This investment offers a rare combination of strong tenancy, excellent location, and significant upside potential in a thriving market. The asking price is $2,209,800, translating to $261.51 per square foot. This property is ideally suited for investors seeking a low-management, high-return investment with a stable, long-term tenant.

Highlights

  • Class A medical office building, 8,450 SF, located at 528 Industrial Park Access Rd, Trumann, AR 72472.
  • Net lease investment opportunity with a 6.75% cap rate and $149,160 NOI.
  • Single-tenant, Arkids Pediatric Day Center, under a NN+ lease with 7.5 years remaining (10% rent bumps every 5 years).
  • Situated on a 1.26-acre lot within the county's largest retail development, anchored by a Walmart Supercenter.
  • High visibility location with direct I-555 access and exposure to over 21,100 cars per day.

Property Details for 528 Industrial Park Access Rd

Property type
Office properties, Medical offices
Square Feet
8,450 SF
Class
A
Year Built
2020
Lot Size (sq. ft)
54,886 SF

Location Insight

City
Trumann
County
Poinsett
State
Arkansas
Latitude
35.6827153
Longitude
-90.5523143
528 Industrial Park Access Rd, Trumann, Arkansas

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528 Industrial Park Access Rd
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