7301 Victory Blvd - Warehouse FOR SALE


Newport, AR 72112
$4,696,640 USD
501-940-3231
7301 Victory Blvd, Newport, AR for Sale
$4,696,640 USD
Warehouse - FOR SALE
1/18
null | 9.25% Cap Rate

7301 Victory Blvd
Newport, AR 72112


OVERVIEW

Property is leased to Bad Boy Mowers. Current lease started 11.1.25 and goes through 10.31.30 with one 5 year option for renewal at substantial increase. Tenant has invested around $1,000,000 in tenant improvements. Landlord has invested $1.5 million or so above acquisition price. This is an incredible value for the price.

FOR SALE DETAILS

PRICE

$4,696,640 USD

PRICE/SF

$20 USD /SF

CAP RATE

9.25%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1950

UTILITIES

Lighting - Fluorescent, Gas - Natural, Water - City, Sewer - City, Heating - Gas

CLEAR CEILING HT

22 Ft

DOCKS

11

DRIVE INS

4

PARKING SPACES

-

LAND DETAILS

LAND ACRES

23.5

LAND SF

1,023,660

ZONING

Industrial

APN/PARCEL ID

013-00022-011,013-00037-000

ASK ABOUT THIS PROPERTY

Johnny MitchumKeller Williams RealtyMore Info
501-940-3231

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Johnny MitchumKeller Williams RealtyMore Info
501-940-3231

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