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PEDIATRICS PLUS | 3% ANNUAL INCREASES 4901 Northshore Dr 16,461 SF Retail Building North Little Rock, AR 72118 $6,195,036 ($376.35/SF) 6.85% Cap Rate
Investment Highlights
- Long Term Lease Featuring Above Average 3.0% Annual Rental Increases throughout the Initial Term and Options.
- Positioned Along Northshore Drive in a Recognized Medical Node Anchored by Baptist Health Medical Center-North Little Rock.
- Strong Alignment with Government-Backed Healthcare Programs including Medicaid and ARKids First.
- Pediatrics Plus is a Leading provider of Pediatric Therapy Services Operating across Multiple States. Large Land Tract.
- Established Pediatric Therapy provider Offering Applied Behavior Analysis, Occupational Therapy, Speech Therapy, and Physical Therapy.
- Pediatric Therapy Services are Essential, Needs-based Healthcare - not Discretionary.
Executive Summary
Pediatrics Plus | Long Term Lease Leading Pediatric Healthcare Provider with a Growing Multi-State Platform | Favorable 3% Annual Increases | Recession Resistant Healthcare Sector | Consistent Demand from Early Intervention | Growing Pediatric Behavioral Health Sector | Near I-40 and I-430 | Strong Demographics | Positioned Along Northshore Drive in a Recognized Medical Node | Established Location with Strong Operational History | MissionCritical Healthcare
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
Retail
Property Subtype
Building Size
16,461 SF
Building Class
B
Year Built
2000
Price
$6,195,036
Price Per SF
$376.35
Cap Rate
6.85%
NOI
$424,360
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
5.09 AC
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Pediatrics Plus
- Retailer
- 16,461 SF
- -
- Double Net
- Dec 2039
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Pediatrics Plus | Retailer | 16,461 SF | - | Double Net | Dec 2039 |
Somewhat walkable
20/100
Exceptionally drivable
100/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 43N-008-03-002-00 | Improvements Assessment | $668,520 |
| Land Assessment | $221,720 | Total Assessment | $890,240 |
Property Taxes
Parcel Number
43N-008-03-002-00
Land Assessment
$221,720
Improvements Assessment
$668,520
Total Assessment
$890,240
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PEDIATRICS PLUS | 3% ANNUAL INCREASES | 4901 Northshore Dr
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