Log In/Sign Up
Your email has been sent.
885 S Miller St 24,808 SF Industrial Building Walnut Ridge, AR 72476 $1,591,350 ($64.15/SF) 8% Cap Rate
Investment Highlights
- Terrific Bite-Sized Deal - Cheap price point paired with a strong operating history making this an ideal investment for 1031 exchange investors.
- Attractive Rental Increases - Property has 3% annual increases demonstrating a strong hedge towards inflation.
- Newly Constructed Long-Term Lease - Tenant recently committed to a newly structured 10-Year lease extension with 8 Years remaining.
- Specialized Labor Advantage - Unique labor market offering specialized, hard-to-find talent that is loyal & cost-effective due to strategic location.
- Pro-Business State with Zero Vacancy - Situated in a pro-business state, this property stands out in a fully occupied market.
Executive Summary
This Castino Industries property in Walnut Ridge, Arkansas presents a compelling investment opportunity characterized by its strong operational history, strategic location, and stable tenancy. Priced attractively, this bite-sized deal is ideal for 1031 exchange investors seeking dependable returns and low-entry capital requirements.
The asset benefits from a unique labor market, offering access to specialized, cost-effective talent—a critical advantage given the nature of Castino Industries’ operations. The property is secured by a NN+ lease structure, where the lessee contributes to shared capital expenditures based on a prorated formula, ensuring cost transparency and minimal landlord responsibility.
Located in a pro-business state with zero market vacancy, the property stands out for its stability and investor appeal. The tenant has demonstrated long-term commitment with a recently extended 10-year lease (8 years remaining) and built-in 3% annual rental increases, providing a consistent hedge against inflation.
Castino Industries’ long-standing presence in Walnut Ridge since the early 2000s has established a loyal customer base in a niche market, further reinforcing the asset’s strong long-term value.
The asset benefits from a unique labor market, offering access to specialized, cost-effective talent—a critical advantage given the nature of Castino Industries’ operations. The property is secured by a NN+ lease structure, where the lessee contributes to shared capital expenditures based on a prorated formula, ensuring cost transparency and minimal landlord responsibility.
Located in a pro-business state with zero market vacancy, the property stands out for its stability and investor appeal. The tenant has demonstrated long-term commitment with a recently extended 10-year lease (8 years remaining) and built-in 3% annual rental increases, providing a consistent hedge against inflation.
Castino Industries’ long-standing presence in Walnut Ridge since the early 2000s has established a loyal customer base in a niche market, further reinforcing the asset’s strong long-term value.
Property Facts
| Price | $1,591,350 | Rentable Building Area | 24,808 SF |
| Price Per SF | $64.15 | No. Stories | 1 |
| Sale Type | Investment | Year Built | 1997 |
| Cap Rate | 8% | Tenancy | Single |
| Property Type | Industrial | Parking Ratio | 0.4/1,000 SF |
| Property Subtype | Warehouse | No. Drive In / Grade-Level Doors | 1 |
| Building Class | B | Opportunity Zone |
Yes
|
| Lot Size | 3.00 AC |
| Price | $1,591,350 |
| Price Per SF | $64.15 |
| Sale Type | Investment |
| Cap Rate | 8% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | B |
| Lot Size | 3.00 AC |
| Rentable Building Area | 24,808 SF |
| No. Stories | 1 |
| Year Built | 1997 |
| Tenancy | Single |
| Parking Ratio | 0.4/1,000 SF |
| No. Drive In / Grade-Level Doors | 1 |
| Opportunity Zone |
Yes |
1 1
Property Taxes
| Parcel Number | 850-02385-002-C | Improvements Assessment | $62,070 |
| Land Assessment | $3,900 | Total Assessment | $65,970 |
Property Taxes
Parcel Number
850-02385-002-C
Land Assessment
$3,900
Improvements Assessment
$62,070
Total Assessment
$65,970
1 of 6
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
885 S Miller St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.