Listed by Bang Realty, The Boulder Group - Denver, The Boulder Group
$13,827,000
Freeman Health NWA Medical Plaza
Details
APN 815-29800-010
Property Type Office
Sub Type Medical Office
Square Footage 31,200
Net Rentable (SqFt) 31,200
Cap Rate 6.6%
NOI $912,600
Tenancy Single
Lease Type NNN
Lease Expiration 09/30/2031
Remaining Term 5.3
Rent Bumps Yes
Lease Options One 5-Year
Broker Co-Op True
Class A
Year Built 2016
Buildings 1
Stories 1
Acreage 3.740
Investment Type Net Lease
Class A STNL MOB | NW Arkansas MSA | Major Sig. Intersection | Freeman Health (S&P: A) | 2% Incrs
Investment highlights
- Located in the Northwest Arkansas MSA, a top 15 fastest growing MSA in the U.S. (Bentonville, Fayetteville, Springdale, and Rogers)
- Proven successful facility and practice evidenced by tenant’s recent lease renewal
- Net lease with 2% annual rental increases
- Recently constructed (2016) Class A 31,200 SF MOB utilized as a primary care doctor’s office and physical therapy center
- Tenant pays a Management Fee of 2% of Total Income (inclusive of recoveries) which is roughly $21K and not included in the NOI
- Positioned at a heavily trafficked signalized intersection (41,000 VPD) and just east of Interstate 49 (68,000 VPD)
- Densely populated area with over 53,000 people living within 3 miles
- Freeman Health System (S&P: A+) just acquired the Northwest Health System
- Close proximity to Northwest Medical Center – Springdale, which was the largest hospital in the Northwest Health System (now a part of Freeman Health System)
- Tenant entity consists of substantially all of the assets used in connection with the operations of Northwest Medical Center – Springdale, NorthwestMedical Center – Bentonville, Willow Creek Women’s Hospital, and associated outpatient clinics
- Affluent area with average annual household income of $105,000 within five miles
- Rental rate was just set to fair market value
- Triple net lease with limited landlord responsibilities
Listing Contacts
Listed by Bang Realty, The Boulder Group - Denver, The Boulder Group
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$912,600.00
$76,050.00/mo
Valuation Metrics
0
DSCR
6.6%
Cap Rate
6.6%
ROI
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