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2868 W Martin Luther King Blvd 5,230 SF Office Building Fayetteville, AR 72704 $2,300,000 ($439.77/SF) 8.48% Cap Rate
Investment Highlights
- Easy access to I-49.
- High visibility/traffic count.
- 12 operatory spaces, Staff lounge, laboratory and X-ray.
- Located on main commercial corridor.
- Move-in ready dental space.
- 27 Parking spaces with additional space available for expanded parking.
Executive Summary
This move in ready Dental Office is strategically located on MLK Blvd with high visibility and 46,000 vehicles per day (VPD) and just off I-49 with 73,000 vehicles per day (VPD) presents a premier investment opportunity. The building is currently vacant, however there are 2 years remaining on a NNN Lease by a high-credit corporate tenant. The property is being offered in two ways; 1) $2,300,000 with keeping the remaining Lease in place, 2) $2,100,000 without the current Lease. The property features a versatile layout with 12 exam/operatory rooms equipped with sinks, full cabinetry, plumbing and electric buildouts. The facility includes 4 professional offices, 2 handicap-accessible bathrooms, X-Ray area, large reception/waiting room, and a staff lounge with staff restroom. Designed for modern operations, the building offers 27 parking spaces with additional space available for possible expanded parking.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Building Size
5,230 SF
Building Class
B
Year Built
2012
Price
$2,300,000
Price Per SF
$439.77
Cap Rate
8.48%
NOI
$195,060
Tenancy
Single
Building Height
1 Story
Typical Floor Size
5,230 SF
Building FAR
0.13
Lot Size
0.95 AC
Zoning
C-2 - Thoroughfare Commercial District
Parking
27 Spaces (5.16 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Bus Line
- Security System
- Signage
- Accent Lighting
- Central Heating
- Fully Carpeted
- Partitioned Offices
- Plug & Play
- Reception
- Recessed Lighting
- Drop Ceiling
- Wi-Fi
- Monument Signage
- Air Conditioning
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Advanced Dental
- Health Care and Social Assistance
-
99,999 SF
- -
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Lorem Ipsum
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Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Advanced Dental | Health Care and Social Assistance | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
The property features a versatile layout with 12 exam/operatory rooms equipped with sinks, full cabinetry, plumbing and electric buildouts. The facility includes 4 professional offices, 2 handicap-accessible bathrooms, X-Ray area, large reception/waiting room, and a staff lounge with staff restroom.
| Space | Size | Space Use | Condition | Available |
| 1st Floor | 5,230 SF | Office/Medical | Full Build-Out | Now |
1st Floor
| Size |
| 5,230 SF |
| Space Use |
| Office/Medical |
| Condition |
| Full Build-Out |
| Available |
| Now |
1st Floor
| Size | 5,230 SF |
| Space Use | Office/Medical |
| Condition | Full Build-Out |
| Available | Now |
The property features a versatile layout with 12 exam/operatory rooms equipped with sinks, full cabinetry, plumbing and electric buildouts. The facility includes 4 professional offices, 2 handicap-accessible bathrooms, X-Ray area, large reception/waiting room, and a staff lounge with staff restroom.
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Property Taxes
| Parcel Numbers | Improvements Assessment | $333,700 | |
| Land Assessment | $140,550 | Total Assessment | $474,250 |
Property Taxes
Parcel Numbers
Land Assessment
$140,550
Improvements Assessment
$333,700
Total Assessment
$474,250
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2868 W Martin Luther King Blvd
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