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AT&T - Lake Village, AR 923 US-65 1,800 SF Retail Building Lake Village, AR 71653 $900,000 ($500/SF) 6.67% Cap Rate
Investment Highlights
- Lease Guaranteed by Prime Comms Retail LLC: Largest AT&T Authorized Retailer in the United States
- Across From McDonald’s
- Frontage to Highway 82: Main Thoroughfare of Lake Village, Arkansas
- Triple-Net Lease
Executive Summary
Marcus & Millichap is pleased to exclusively offer for sale a freestanding AT&T store operated by Prime Communications, the largest AT&T Authorized Retailer in the United States. The subject property is located at 923 Highway 65 in Lake Village, Arkansas. The AT&T features a triple-net lease, with landlord responsibilities only consisting of roof and structure repair/replacement. This 1,800-square-foot, freestanding building fronts Highway 82, which sees 11,923 vehicles per day. The AT&T site is located across from McDonalds, along the main thoroughfare of Lake Village.
The lease commenced in 2016 and the current term extends through 2027. The tenant has four two-year renewal options with two percent increases per renewal option. The lease is guaranteed by Prime Comms Retail, LLC, the largest AT&T authorized retailer in the nation (2,000 locations).
The lease commenced in 2016 and the current term extends through 2027. The tenant has four two-year renewal options with two percent increases per renewal option. The lease is guaranteed by Prime Comms Retail, LLC, the largest AT&T authorized retailer in the nation (2,000 locations).
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Sale Type
Investment NNN
Property Type
Building Size
1,800 SF
Year Built
2016
Price
$900,000
Price Per SF
$500
Cap Rate
6.67%
NOI
$60,000
Tenancy
Single
Building Height
1 Story
Opportunity Zone
Yes
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- AT&T
- Retailer
-
99,999 SF
- -
-
Lorem Ipsum
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| AT&T | Retailer | 99,999 SF | - | Lorem Ipsum | - |
Nearby Major Retailers
Property Taxes
| Parcel Number | 030-00091-000C | Improvements Assessment | $0 |
| Land Assessment | $5,010 | Total Assessment | $5,010 |
Property Taxes
Parcel Number
030-00091-000C
Land Assessment
$5,010
Improvements Assessment
$0
Total Assessment
$5,010
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AT&T - Lake Village, AR | 923 US-65
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