1554 Country Club RdSherwood, AR 72120
- Healthcare properties
- 3,530 SF
Property Details for 1554 Country Club Rd
- Year built
- 2018
- Lot size
- 0.91 AC
- Property size (Sq ft)
- 3,530 SF
- Property type
- Healthcare properties
- Property subtype
- Medical offices
- APN
- 23S-048-10-003-01
- APU
- 23S0481000301
Description
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.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $561,092
- 6.5%
- $517,931
- 7%
- $480,936
-
Comparable approach
- Method
- Valuation
- Relative Method
- $252,501
- Geo Method
- $252,501
-
Alternative Use
- Use
- Valuation
- Residential
- $642,234
- Hospitality
- $588,283
- Educational
- $489,445
- Medical
- $506,278
- Retail
- $761,359
Location Insight
- City
- Sherwood
- County
- Pulaski
- State
- Arkansas
- Latitude
- 34.816
- Longitude
- -92.2077
- CBSA code
- 30780
- CBSA name
- LITTLE ROCK-NORTH LITTLE ROCK, AR METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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