1220 N Washington St - Medical FOR SALE


Forrest City, AR 72335
$571,800 USD
870-284-4448
1220 N Washington St, Forrest City, AR for Sale
$571,800 USD
Medical - FOR SALE
1/4
null | 7% Cap Rate

1220 N Washington St
Forrest City, AR 72335


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

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$571,800 USD

PRICE/SF

$415 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Access Medical Clinic Investment - 7% CAP

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

A

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.52 AC

LAND SF

22,651 SF

ZONING

-

APN/PARCEL ID

0765-00137-0000,0765-00138-0000,0765-00139-0000,0765-00140-0000

ASK ABOUT THIS PROPERTY

Zac QuallsHaag Brown CommercialMore Info
870-284-4448

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Zac QuallsHaag Brown CommercialMore Info
870-284-4448

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.