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33730220
33730217

1220 North Washington Street, Forrest City, AR 72335 For Sale

ZQ
AR EB00073816
Haag Brown Commercial Real Estate and Development
Listed by Haag Brown Commercial Real Estate and Development
$571,800
86 days on market
Updated 6 days ago

Access Medical Clinic Investment - 7% CAP w/ NEW 10-YR Term!

Details
APN 0765-00140-0000
Property Type Office
Sub Type Medical Office
Square Footage 1,377
Units 1
Cap Rate 7%
NOI $40,026
Occupancy 100%
Tenancy Single
Lease Type NNN
Lease Term 10
Lease Expiration 06/01/2036
Remaining Term 9.9
Rent Bumps Yes
Lease Options Three (3) Three (3) Year Options
Class A
Year Built 2023
Buildings 1
Stories 1
Acreage 0.520
Investment Type Sale/Leaseback
Tenant Credit No Credit Rating
Lease Commencement 06/01/2026
Sale Condition Sale for leaseback

NNN Lease Structure w/ NEW 10-YR Term + Annual Increases!

Marketing description

Positioned along N. Washington Street in Forrest City, Arkansas, this high-return medical investment property offers investors the opportunity to acquire a well-located, income-producing asset leased to Access Medical Clinic, an established and growing healthcare operator with locations throughout Alabama, Arkansas, Oklahoma, Texas, Tennessee, Georgia, North Carolina, and Indiana.

The property consists of a 1,377 SF stand-alone building situated on approximately 0.52 acres, offering a highly functional site with excellent visibility, strong curb appeal, and ample parking to serve both the current medical use and a wide range of potential future uses.

Backed by a recent ten (10) year renewal of the primary lease term and 3% annual rent increases, investors benefit from predictable income for years to come. Additionally, the tenant has three (3) three-year renewal options, providing further upside for a buyer seeking continued occupancy and long-term stability.

Access Medical Clinic is a leading family practice and urgent care medical group providing a complete complement of care and treatment options for patients throughout Arkansas, Oklahoma, Tennessee, Georgia, North Carolina, and Indiana. With its dedicated team of physicians, family nurse practitioners, nurses and other healthcare providers and support staff, Access Medical Clinic is committed to helping every member of your family stay as healthy as possible at every age and every stage of life.

Investment highlights

  • Stabalized Medical Investment Property - NNN Lease Structure w/ NEW 10-Year Lease Term!
  • Three Percent (3%) Annual Rent Increases!
  • Three (3) Three (3) Year Options Available to Tenant
  • 1,377 SF Stand-Alone Building on ~0.52 AC - Great Curb Appeal!
  • Adequate Parking for a Multitude of Future Uses
  • Access Medical Clinic is a Leading Clinic Network with Locations in AL, AR, OK, TX, TN, GA, NC, & IN

Listing Contacts

ZQ
AR EB00073816
Haag Brown Commercial Real Estate and Development
Listed by Haag Brown Commercial Real Estate and Development

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$40,026.00
$3,335.50/mo

Valuation Metrics

0
DSCR
7%
Cap Rate
7%
ROI

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Additional Information

Name
Zac Qualls
License
EB00073816
Brokerage
Haag Brown Commercial
Brokerage Phone
870-336-8000
Title
Executive Broker
Brokerage Address
2221 Hill Park Cove
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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