3922 Main StBlytheville, AR 72315

Property Details for 3922 Main St

Year built

2016

Lot size

1.15 AC

Property size (Sq ft)

4,000 SF

Property type

Healthcare properties

Property subtype

Medical offices

APN

305-00214-265

APU

30500214265

Description

This exceptional investment opportunity presents a 8,000-square-foot Class A medical office building in Blytheville, Arkansas. The property, situated on a 1.15-acre lot at 3922 E Main St, boasts a prime location on the city's rapidly developing eastern corridor, surrounded by established national retailers and restaurants including Walmart, Lowe's, and Tractor Supply. The building features two units, currently 100% occupied by two medical tenants under new, long-term (10-year) triple-net (NNN) leases, ensuring a stable income stream. The property offers 49 parking spaces and is a single-story structure. With a total asking price of $2,171,371, the property provides a compelling 7.00% capitalization rate and a price per square foot of $271.42. The building's Net Operating Income (NOI) is $151,996, reflecting the strong tenancy and lease terms. The occupancy date for the current leases is August 15, 2022. The property's APN is 305-00214-265. This is a sale for leaseback transaction. This presents a rare opportunity to acquire a high-quality, well-located medical office building with strong tenant occupancy and a significant return on investment.

• CAP approach

  CAP return

  Valuation

  6%

  $914,315

  6.5%

  $843,983

  7%

  $783,699

• Comparable approach

  Method

  Valuation

  Relative Method

  $311,840

  Geo Method

  $311,840

• Alternative Use

  Use

  Valuation

  Residential

  $1,046,539

  Hospitality

  $958,624

  Educational

  $797,564

  Medical

  $824,993

  Retail

  $1,240,655

Location Insight

City

Blytheville

County

Mississippi

State

Arkansas

Latitude

35.929

Longitude

-89.8641

CBSA code

14180

CBSA name

BLYTHEVILLE, AR MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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