Listed by JLL Austin, JLL Chicago | North Riverside Plaza, JLL Chicago | Americas Headquarters
$868,000
Dark Medical Facility - Searcy, AR
Details
APN 016-09960-000
Property Type Office
Sub Type Medical Office
Square Footage 2,147
Net Rentable (SqFt) 2,147
Cap Rate 10%
NOI $86,786
Occupancy 100%
Tenancy Single
Lease Type Absolute NNN
Lease Term 3
Lease Expiration 07/01/2027
Remaining Term 1.1
Rent Bumps Yes
Lease Options 3 x 3-year options
Pro-Forma Cap Rate 10%
Pro-Forma NOI $86,786
Price per SqFt $404
Year Built 2001
Buildings 1
Acreage 0.690
Investment Type Owner/User
Lease Commencement 07/01/2024
Occupancy Date 07/01/2024
Ground Lease No
Dark Urgent Care Clinic | $87,000 Remaining Rental Obligations | Owner User Opportunity
Marketing description
JLL is pleased to exclusively offer for sale a dark medical clinic asset, a 2,147 SF facility in the thriving community of Searcy, Arkansas. This offering represents a premier opportunity for a medical or professional user to acquire a strategic location and build equity. The property provides a significant financial advantage, with an owner collecting approximately $87,000 in secure, in-place rental income before the current lease expires in approximately one year. This stable cash flow creates a financially supplemented transition period for a new owner-user to finalize plans for their future occupancy. The asset itself is situated on a high-traffic corridor with exceptional visibility on E Race Ave, which sees 24,000 vehicles per day.
Listing Contacts
Listed by JLL Austin, JLL Chicago | North Riverside Plaza, JLL Chicago | Americas Headquarters
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$86,786.00
$7,232.17/mo
Valuation Metrics
0
DSCR
10%
Cap Rate
10%
ROI
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