1819 Albert Pike
Hot Springs, AR 71913
Retail Property For Sale
Investment Highlights
- 8 Tenant Center | 100% Leased
- 5 Mile Population Exceeds 55,000 | $51k+ Average Household Income
- Storage Units Add an Additional $15,218 in NOI
- 17,475 Cars Per Day Traveling Albert Pike Rd
- Consumer Spending within Five Miles $499 Million
- Double Net (NN) Leases, Minimal Landlord Responsibilities
Property Facts
Amenities
- Air Conditioning
About 1819 ALBERT PIKE , HOT SPRINGS, AR 71913
Fortis Net Lease is pleased to present Albert Pike Shopping Center, a shopping center located in Hot Springs, AR. The Albert Pike Shopping Center is a fully leased 8 tenant retail shopping center comprised of 34,400 SF. Given the nature of the NN leases there are minimal landlord responsibilities, as the landlord is responsible for the capital repair and replacement to the roof and structure, taxes, insurance and CAM. Albert Pike Shopping Center is highly visible as it is strategically positioned on Albert Pike Rd, a main thoroughfare in Hot Springs. All tenants will benefit from being located on Albert Pike Rd, as there is 17,475 cars per day traveling on the street. The population within 5 miles exceeds 55,000 with the average household income within one mile being greater than $51,000. The Subject offering represents an ideal opportunity for a buyer to attain the fee simple ownership of a multi tenant shopping center. This investment will offer a new owner continued success due to the strength of this location. List price reflects a 9.88% cap rate based on NOI of $157,948.26. Instate Broker of Record: Jessica Dearnley | Flake & Kelley Commercial
Property Taxes
| Parcel Number | 300-13024-000 | Improvements Assessment | $175,590 |
| Land Assessment | $117,250 | Total Assessment | $292,840 |
Property Taxes
