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.
$1,800,000
To learn more contact Jeff Pederson.
Jeff Pederson Commercial Properties - Northwest Arkansas
479-856-2233 | jpederson@lindsey.com
1200 E. Joyce Blvd, Fayetteville, AR 72703
Jeff Pederson is a proud member of the Lindsey and Associates team.