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8908 Kanis Road - Arkansas Diagnostic Center, Little Rock, AR

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8908 Kanis Road - Arkansas Diagnostic Center

Little Rock, AR 72205 - Midtown Submarket

Property Type:Office Sub Type:- Status:Existing Year Built:1989
Stories:1 Typical Floor:- Building Size:14,500 SF
For Sale Price:$4,660,000 Price/SF:$321.38
Cap Rate:7.00 %
Parking:Free Surface spaces are available; Free Covered spaces are available; Ratio of 7.21/1,000 SF

Sale Notes:
Stan Johnson Company is pleased to exclusively offer for sale to qualified investors a sale leaseback opportunity on the Arkansas Diagnostic Clinic, a Medical Office & Surgery Center located at 8908 Kanis Road in Little Rock, AR (the Property ).

The offering is comprised of an approximate 1.58 acre plot, along with the fee-simple ownership rights to a two-story, 14,500 square foot building that will be 100% master leased by the Arkansas Diagnostic Center. Arkansas Diagnostic Center will lease the facility on a new ten (10) year base lease term with two (2), five (5) year options to renew, with the lease commencing upon closing. The lease will also include two percent (2.00%) annual rental increases and an absolute NNN structure.

Little Rock is a booming community that hosts the University of Arkansas, Little Rock, as well as the Bill and Hillary Clinton National Airport. The population within a five mile radius of the subject property is approximately 88,570. Average household incomes within the 5-mile radius of the property exceed $131,276.

Stan Johnson Company
Jeff Matulis
(918) 494-2690

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