923 US-65 - Retail FOR SALE


Lake Village, AR 71653
$900,000 USD
713-775-8899
923 US-65, Lake Village, AR for Sale
$900,000 USD
Retail - FOR SALE
1/2
null | 6.67% Cap Rate

923 US-65
Lake Village, AR 71653


HIGHLIGHTS

  • Lease Guaranteed by Prime Comms Retail LLC: Largest AT&T Authorized Retailer in the United States
  • Frontage to Highway 82: Main Thoroughfare of Lake Village, Arkansas
  • Across From McDonald’s
  • Triple-Net Lease

OVERVIEW

Marcus & Millichap is pleased to exclusively offer for sale a freestanding AT&T store operated by Prime Communications, the largest AT&T Authorized Retailer in the United States. The subject property is located at 923 Highway 65 in Lake Village, Arkansas. The AT&T features a triple-net lease, with landlord responsibilities only consisting of roof and structure repair/replacement. This 1,800-square-foot, freestanding building fronts Highway 82, which sees 11,923 vehicles per day. The AT&T site is located across from McDonalds, along the main thoroughfare of Lake Village. The lease commenced in 2016 and the current term extends through 2027. The tenant has four two-year renewal options with two percent increases per renewal option. The lease is guaranteed by Prime Comms Retail, LLC, the largest AT&T authorized retailer in the nation (2,000 locations).

FOR SALE DETAILS

PRICE

$900,000 USD

PRICE/SF

$500 USD /SF

CAP RATE

6.67%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

AT&T - Lake Village, AR

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2016

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

030-00091-000C

ASK ABOUT THIS PROPERTY

Alex Wolansky, CCIMMarcus & MillichapMore Info
713-775-8899

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Alex Wolansky, CCIMMarcus & MillichapMore Info
713-775-8899

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