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CARDINAL HEALTH NYSE: CAH - GLOBAL MEDSUPPLY 215 Markham Center Dr 4,505 SF Office Building Little Rock, AR 72205 $1,318,000 ($292.56/SF) 7% Cap Rate
Investment Highlights
- 10 Year Lease Featuring 2% Annual Rental Increases throughout the Initial Term & Options. Cardinal Health has Occupied the Facility since 1994.
- Investment-Grade Tenant and Exceptional Credit & Corporate Stature - Cardinal Health (NYSE: CAH), a Fortune 500 company generating $223B in Revenue.
- Approximately 2.6 Miles from UAMS - Arkansas's Only Academic Health Sciences University and Largest Public Employer.
- The Area Enjoys the Densest Daytime Population in the State thanks to four Hospitals, more than 1 Million Sq.ft. of Retail and more.
- Epicenter of Arkansas's Premier Medical District - Strategically Positioned within the 72205 Zip Code, the Single Most Hospital-Dense Zip Code in AR.
- Densely Populated and Affluent Area: Features an Average Household Income of $100k+ within a 3-Mile Radius and over 134k People Residing w/in 5 Miles.
Executive Summary
Cardinal Health (NYSE: CAH) | Global Manufacturer and Distributor of Medical and Laboratory Products | Investment Grade Tenant (S&P: BBB) | 30+ Year Historical Occupancy | Densest Daytime Population in the State | Epicenter of Arkansas's Premier Medical District | Down the Street from Baptist Health Medical Center and Near Numerous other Major Medical Centers | Densely Populated and Affluent Area
Arkansas Broker of Record: Steve Greer | 10527 Kentshire Court, Suite B Baton Rouge, LA 70810 | P: (225) 376-6729 | Lic #: PB00098133 | Steve.Greer@MarcusMillichap.com
Arkansas Broker of Record: Steve Greer | 10527 Kentshire Court, Suite B Baton Rouge, LA 70810 | P: (225) 376-6729 | Lic #: PB00098133 | Steve.Greer@MarcusMillichap.com
Property Facts
Sale Type
Investment NNN
Property Type
Building Size
4,505 SF
Building Class
A
Year Built
1994
Price
$1,318,000
Price Per SF
$292.56
Cap Rate
7%
NOI
$92,250
Tenancy
Single
Building Height
1 Story
Typical Floor Size
4,505 SF
Building FAR
0.21
Lot Size
0.49 AC
Zoning
O-3 - Office Building
Parking
29 Spaces (6.44 Spaces per 1,000 SF Leased)
Amenities
- Signage
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Cardinal Health
- Retailer
- 4,505 SF
- -
- Double Net
- Jul 2036
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Cardinal Health | Retailer | 4,505 SF | - | Double Net | Jul 2036 |
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 44L-046-01-010-00 | Improvements Assessment | $50,352 |
| Land Assessment | $42,688 | Total Assessment | $93,040 |
Property Taxes
Parcel Number
44L-046-01-010-00
Land Assessment
$42,688
Improvements Assessment
$50,352
Total Assessment
$93,040
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