OFFERING SUMMARY:

PRICE: $3,371,000
CAP RATE: 6.00%
TOTAL BUILDING SIZE: 13,000 Sq Ft
NOI: $202,215
YEAR BUILT | RENOVATED: 1984 | 2021
LOT SIZE: +/- 1.96 Acres

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HIGHLIGHTS:

  • ARcare Has Invested $850,000 Plus into their Buildout
    Showing their commitment to the location, ARcare has invested more than $850,000 into their space. In addition to the $850,000 invested by the tenant, the landlord provided $130,000 in tenant improvements upon execution of the lease.
  • Strong Lease Terms with 2.00% Annual Increases in Rent
    ARcare signed a 10-year lease that commenced rent in April of 2021, leaving eight plus years remaining on the base term of the lease. The lease does not call for any option periods, which should provide an owner an opportunity to increase rent in the long term. With the capital investment that the tenant has made into their space, it would be unlikely that moving would be a cost effective measure for ARcare at the end of this lease term.
  • ARcare Plans to be the Largest Primary Care Provider in the South
    For over 40 years, ARcare has instilled commitment, compassion, and trust throughout Arkansas, Kentucky, and Mississippi. Beginning in 1986 with Dr. Steven Collier’s unquestionable mandate to serve “the least, the last, and the lost,” ARcare has brought superior healthcare to patients, regardless of their ability to pay. ARcare grew revenues from 2019 to 2020 by nearly 22%, showing the tremendous amount of growth potential they have in becoming the top provider in the South.
  • Adjacent to Arkansas’s Largest Hospital System – Baptist Health Medical Center
    For nearly 100 years, Baptist Health Medical Center-Little Rock has been delivering quality healthcare to the citizens of Arkansas. The 843-bed medical center is the largest private, not-for-profit hospital in the state and provides comprehensive services using the latest in innovative technology.

EXCLUSIVELY LISTED BY:

DOMINIC SULO
Senior Vice President Investments
Senior Director, Net Lease Properties Division
(630) 570-2171
dominic.sulo@marcusmillichap.com

ERIC LUHRSEN
Senior Associate
(630) 570-2219
eric.luhrsen@marcusmillichap.com

BEN BACH
Associate
(630) 570-2181
ben.bach@marcusmillichap.com

ARKANSAS BOR
Anne Williams
Lic #PB00066390