8301 Phoenix Ave
Fort Smith, AR
Price:
$2,762,000
Cap Rate:
5.55%
NOI:
$153,290
Building Size:
Approx. 4,042 Sq. Ft.
Lot Size:
Approx. 1.32 Acres
Type:
Single-Tenant / Retail
Sub Category:
Automotive Parts
Year Built:
2020
Investment Overview
- 2020 Construction 4,042+/- SF Building on 1.32 +/- Acre Site
- New Corporate Absolute NNN Lease with 10% rent increases every 5-years, starting year 6 in primary term and year 16 in options
- Strategically located on the Southeast corner of Phoenix Ave. and Massard Rd. (35,000 VPD)
- Close proximity to retail dense area with stores such as Sam’s Club, TJ Maxx, Aldi and Lowe’s improvement store
- 1-mile from Fort Smith Regional Airport (10,000 passengers) | 1.5-miles away from Mercy Hospital (336 Beds)