OFFERING SUMMARY:

PRICE: $2,555,000
CAP RATE: 6.95%
BUILDING SIZE: 10,000 Sq Ft
NOI: $177,675
YEAR BUILT | RENOVATED: 1993 | 2022
LOT SIZE: +/- 1.22 Acres

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HIGHLIGHTS:

  • Corporate Guaranty from Hopebridge, LLC (128+ Units) – Hopebridge Autism Therapy Centers offers a wide range of outpatient services designed to meet the needs of children requiring behavioral diagnosis and applied behavioral analysis (ABA), occupational, feeding, and speech treatments in center, home and school settings. We have therapy centers in Indiana, Kentucky, Georgia, Ohio, Colorado, Arizona, Florida, North Carolina, Arkansas, Alabama, Oklahoma, and Tennessee. 
  • 10 Year Lease | 3.00% Annual Rental Increases – The Hopebridge, LLC corporate guaranteed lease has 8+ years remaining on its initial lease term with two, five-year options to extend, demonstrating their commitment to the site. The lease features 3.00% annual rental increases throughout the initial term and continuing into the option periods, growing NOI and hedging against inflation. 
  • NNN Lease with Limited Landlord Responsibilities – The subject property was a retrofitted location for Hopebridge Autism Therapy in 2022 and a strategic location in a dense market with good population density. This property is an ideal, low-management investment for a passive investor. 
  • Strong Population Density with 95,000+ People in 5-Miles – Little Rock is situated in central Arkansas and is the state’s capital city, as well as the cultural and economic center. The region is known as a hub for government jobs, yet it also boasts a sizable medical services sector. The metro is composed of six counties, and its population is expected to swell by nearly 30,000 people in the next five years, with Pulaski and Faulkner counties being epicenters of the growth.

EXCLUSIVELY LISTED BY:

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

ARKANSAS BOR
Anne Williams
Lic #PB00066390