168 E Main St, Piggott, AR 72454

Bader Brokerage is pleased to exclusively present the U.S.

Department of Agriculture (USDA) service center located at 168 E

Main Street in Piggott, Arkansas. The subject property encompasses

over 12,554 total square feet located on 1.61 acres and just recently

finished an extensive renovation of the USDA suite. The USDA

currently occupies 4,925 rentable square footage (37%) on a 10 year

total / 3 year firm lease term through July 31, 2035. The subject

property houses three USDA divisions—Farm Service Agency,

Natural Resources Conservation Service, and Rural Development

- representing diverse government services, reinforcing their longterm

occupancy commitment.

Over $400,000 has been invested into the property during the

renovation, $160,767 was reimbursed from the USDA to the landlord.

USDA has served as the anchor tenant in the building for well over

20+ years including additional municipal tenants that have similar

long-term tenancy. Approximately 86% of the leased square footage

has been in the property for 20+ years.

An additional opportunity exists to add-value with many of the

municipal tenants that are well under market rents and on YTY

leases in addition to leasing an 1,100 SF industrial shed in the rear

of the property. With a price per pound blended of $41 SF, the

investment is at a fraction of the replacement cost. The current

lender would be receptive to continue carrying the note on subject

property. WIth lending leverage available up to 75% LTV at the

current prime rate will induce cash-on-cash returns above 20%

within approximately a year when non-USDA rents are increased to

very modest pro-forma rates. The combination of the freshly inked

long term (10-year lease) USDA and under market municipal tenants

provides an investor security and high yield cash flow for many years

to come.