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    693/777 White Road

    Springdale, AR 72762
    • $1,800,000
    • STATUS: Active
    • ON SITE: 776 days
    • MLS #: 1100956
    UPDATED: 32 min ago
    $1,800,000
    • 0
      BEDS
    • 3.72
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 12,922
      SQFT
    • $139
      $/SQFT
    Type:
    Commercial
    Built:
    2007
    County:
    Area:

    School Ratings & Info

    Description

    Property is currently 100% leased. 10,680 square feet leased by Responsive Education Solutions that Operates 80 Charter Schools in Texas and four currently in Arkansas. They have a five year lease with a five year option. One other Tenant is a Chiropractor (Dr Favorite) that occupies 1,680 square feet under a 7 year initial lease term with another 7 year option. Property will have a 7.3% CAP Rate with no contribution from Landlord for Tenant Improvements. Outstanding opportunity for this property for 10-31 Exchange. Property will increase in value by $200,000 in five years with lease increases scheduled.

    Monthly Payment Calculator



    © 2021 Northwest Arkansas Board of Realtors, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or NWA House Hunters | RE/MAX Real Estate Results. Data last updated: 2021-03-01T13:26:25.62.
    www.nwahousehunters.com/homes/90850911
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    693/777 White Road Springdale, AR 72762

    • Price: $1,800,000
    • Status: Active
    • Updated: 32 min ago
    • MLS #: 1100956
    0
    Beds
    0
    Baths
    0
    ½ Baths
    3.72
    Acres
    12,922
    SQFT
    $139
    $/SQFT
    2007
    Built
    County:
    Washington
    Area:
    Washington
    Property Description
    Property is currently 100% leased. 10,680 square feet leased by Responsive Education Solutions that Operates 80 Charter Schools in Texas and four currently in Arkansas. They have a five year lease with a five year option. One other Tenant is a Chiropractor (Dr Favorite) that occupies 1,680 square feet under a 7 year initial lease term with another 7 year option. Property will have a 7.3% CAP Rate with no contribution from Landlord for Tenant Improvements. Outstanding opportunity for this property for 10-31 Exchange. Property will increase in value by $200,000 in five years with lease increases scheduled.
    Exterior Features

    Roof Metal

    Interior Features

    Basement None Basement YN No

    Property Features

    Current Use Office Possible Use Retail Property Sub Type Retail Sewer Public Sewer Special Listing Conditions None Utilities Cable AvailableElectricity AvailableNatural Gas AvailableHigh Speed Internet AvailableSewer Available Year Built Details Resale (Less Than 25 Years Old)

    Listing provided courtesy of Southern Tradition Real Estate, Llc.


    © 2021 Northwest Arkansas Board of Realtors, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or NWA House Hunters | RE/MAX Real Estate Results. Data last updated: 2021-03-01T13:26:25.62.
     
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