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208 Morrow St S 4,284 SF Office Building Mena, AR 71953 $715,000 ($166.90/SF) 7.32% Cap Rate
Investment Highlights
- Fresh Seven-Year Lease Renewal
- National Operator (More than 900 Locations)
- High-Growth Optometry Market
- Long-Standing Established Optometry Practice
- Financially-Strong Tenant
- Strong Commercial Location
Executive Summary
Excellent opportunity to acquire a healthcare real estate investment property fully occupied by MyEyeDr. Backed by Goldman Sachs, MyEyeDr. has grown to become one of the largest operators of eye care services nation wide. Healthcare real estate offers the opportunity for stable returns and growth. This property provides both: the tenant just renewed its lease for another 7-year term, and the lease includes an option to renew with a rental increase upon renewal. Landlord responsibility is limited to property insurance, structural and exterior repairs. The property underwent a major renovation and expansion in 2016 and is in excellent condition. Mena is a regional trade and service center for the surrounding cities and counties and is experiencing economic momentum, evidenced by recent and planned government and corporate investments.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
4,284 SF
Building Class
C
Year Built/Renovated
1985/2016
Price
$715,000
Price Per SF
$166.90
Cap Rate
7.32%
NOI
$52,373
Tenancy
Single
Building Height
1 Story
Typical Floor Size
4,284 SF
Building FAR
0.30
Lot Size
0.33 AC
Opportunity Zone
Yes
Zoning
Commercial - Commercial (C-2)
Parking
20 Spaces (4.67 Spaces per 1,000 SF Leased)
Amenities
- Signage
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 6000-03123-0000 | Total Assessment | $48,480 |
| Land Assessment | $3,590 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $44,890 | Tax Year | 2025 |
Property Taxes
Parcel Number
6000-03123-0000
Land Assessment
$3,590
Improvements Assessment
$44,890
Total Assessment
$48,480
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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Presented by
Delta Properties
208 Morrow St S
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