Property Description

A newly built NNN retail center in Elkins, Arkansas is available for acquisition. The property totals 11,876 square feet and is currently 90.79% leased, with two small suites available for easy lease up. All tenants operate under NNN leases with minimal landlord responsibilities. The current rent is $240,060 with 9 tenants but there is a potential rent of $269,772 if the 2 vacant units are filled at their listed rates. The adjusted NOI is $251,967 when considering the most recent vacancy rate. The site spans 3.31 acres, includes 59 parking spaces, and sits along Highway 16 with approximately 13,000 vehicles per day.

Property Features