208 Morrow St S - Medical FOR SALE


Mena, AR 71953
$715,000 USD
479-317-1372
208 Morrow St S, Mena, AR for Sale
$715,000 USD
Medical - FOR SALE
1/4
null | 7.32% Cap Rate

208 Morrow St S
Mena, AR 71953


HIGHLIGHTS

  • Fresh Seven-Year Lease Renewal
  • Long-Standing Established Optometry Practice
  • National Operator (More than 900 Locations)
  • Financially-Strong Tenant
  • High-Growth Optometry Market
  • Strong Commercial Location

OVERVIEW

Excellent opportunity to acquire a healthcare real estate investment property fully occupied by MyEyeDr. Backed by Goldman Sachs, MyEyeDr. has grown to become one of the largest operators of eye care services nation wide. Healthcare real estate offers the opportunity for stable returns and growth. This property provides both: the tenant just renewed its lease for another 7-year term, and the lease includes an option to renew with a rental increase upon renewal. Landlord responsibility is limited to property insurance, structural and exterior repairs. The property underwent a major renovation and expansion in 2016 and is in excellent condition. Mena is a regional trade and service center for the surrounding cities and counties and is experiencing economic momentum, evidenced by recent and planned government and corporate investments.

FOR SALE DETAILS

PRICE

$715,000 USD

PRICE/SF

$167 USD /SF

CAP RATE

7.32%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1985

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.33 AC

LAND SF

14,375 SF

ZONING

Commercial

APN/PARCEL ID

6000-03123-0000

ASK ABOUT THIS PROPERTY

Ashley HabigerDelta PropertiesMore Info
479-317-1372

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Ashley HabigerDelta PropertiesMore Info
479-317-1372

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