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Miracle Kids (2024 Renovation) 1340 S Waldron Rd 36,136 SF 100% Leased Office Building Fort Smith, AR 72903 $3,046,000 ($84.29/SF) 7.70% Cap Rate
INVESTMENT HIGHLIGHTS
- Corporate-Backed Double Net Lease With 9.4 Years Remaining | Rent Increase Scheduled in 2030
- 9.28-Acre Parcel With Future Development Potential
- Regional Access via Interstate 540 (51,622 VPD)
- 2024 Renovation With Nearly $2 Million in Capital Investment Plus Supplemental Warehouse Income
- Proximity to Central Mall – Arkansas’ Largest Enclosed Mall (90+ Stores)
- 117,998 Daytime Population Within Five Miles Driven by Hospitals, University, and Government Offices
EXECUTIVE SUMMARY
Marcus & Millichap is pleased to present the opportunity to acquire a double net lease Miracle Kids in Fort Smith, AR. The property consists of a 36,136-square-foot, freestanding building that sits on approximately 9.28 acres of land. There are 9.4 years remaining on the lease with rental increases.
Steve Greer 10527 Kentshire Court, Suite B Baton Rouge, LA 70810 P: (225) 376-6729 Lic #: PB00098133
Steve Greer 10527 Kentshire Court, Suite B Baton Rouge, LA 70810 P: (225) 376-6729 Lic #: PB00098133
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Office
Property Subtype
Medical
Building Size
36,136 SF
Building Class
B
Year Built/Renovated
1989/2024
Price
$3,046,000
Price Per SF
$84.29
Cap Rate
7.70%
NOI
$234,420
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
36,136 SF
Building FAR
0.09
Lot Size
9.28 AC
Zoning
none
Parking
226 Spaces (6.25 Spaces per 1,000 SF Leased)
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PROPERTY TAXES
| Parcel Number | 18883-0000-01041-00 | Improvements Assessment | $152,793 |
| Land Assessment | $48,217 | Total Assessment | $201,010 |
PROPERTY TAXES
Parcel Number
18883-0000-01041-00
Land Assessment
$48,217
Improvements Assessment
$152,793
Total Assessment
$201,010
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Miracle Kids (2024 Renovation) | 1340 S Waldron Rd
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