121 Medical Dr
Paragould, AR 72450
Gamble Home Express Sale / Leaseback · Retail Property For Sale

This 26,200 SF building is located on 3.13 acres and is one of the only quality investment properties available in Paragould, AR. This will be structured as a sale/leaseback at an 8.5% CAP Rate for a 10 Year NNN Lease. This property will appeal to the investor searching for a passive long-term leased investment. Situated across from Paragould High School, this building fronts Centre 1 N with ample parking and visibility. The building has recently been remodeled and is well below replacement cost. Paragould, Arkansas is located in the northeastern region of the state. The city has experienced significant growth in people and income for more than two decades. From 1990 to 2010, the city grew by 7,573 persons representing a 40.8 percent change in population. During the same time period, median household income experienced an 88 percent growth rate, exceeding the statewide and national levels of 85 and 75 percent respectively. Many factors can be attributed to Paragould' s growth and improved quality of life. A strong industrial base that has spanned over five decades continues to thrive. The availability of labor is made possible with younger citizens remaining in the area upon graduating from high school and college. Basic jobs in the manufacturing sector have helped to create a vibrant business and service sector. The Paragould, Arkansas trade area has a population of 109,040 people residing in 44,394 households. Paragould is the largest community within the trade area and captures 43 percent of the retail & food sales.