Multi Tenant Flex Space Properties in Northwest Arkansas
$4,753,000
For Sale
9673
Property ID
23,996 SqFt
Size
Description
Two multi tenant NNN flex space centers in east Springdale, Arkansas are available for acquisition. The two buildings each total 11,998 SF (23,996 SF in total) and combined are currently 84% leased, with four suites available for lease up. All tenants operate under NNN leases with minimal landlord responsibilities. The current rent is $279,660 with 19 tenants but there is a potential rent of $333,660, if the vacant unit is filled at its listed rate. The adjusted NOI is $320,844, when considering the vacant units. The site spans 5 acres and sits along Highway 412 with approximately 19,000 vehicles per day.
Address
Address:
20321 East Highway 412, Springdale, AR, USA
- Province / State: Arkansas
- City / Town: Springdale
- Postal code / ZIP: 72764
- Property ID 9673
- Price $4,753,000
- Property Type Flex
- Property status For Sale
- Year Built 2024
- Size 23,996 SqFt
- Land area 5.00 Acres
- Number of Units 23