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30 W Main St 2,000 SF Retail Building Farmington, AR 72730 $595,000 ($297.50/SF) 8.24% Cap Rate
INVESTMENT HIGHLIGHTS
- Land and building on year to year lease
- 120+ ft of frontage on Main Street
EXECUTIVE SUMMARY
Leased to Thrive Affordable Vet Care, corporate lease, parent company has 360+ locations. 1 year of primary term remains with renewal options. This vet clinic has been servicing this trade area for over 50 years! Note: Tenant will not agree to a long term lease, just year to year to keep their options open.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Building Size
2,000 SF
Building Class
C
Year Built/Renovated
1960/1997
Price
$595,000
Price Per SF
$297.50
Cap Rate
8.24%
NOI
$49,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
0.79 AC
Frontage
123’ on Main St
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Thrive
- Professional, Scientific, and Technical Services
- -
- -
- Triple Net
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Thrive | Professional, Scientific, and Technical Services | - | - | Triple Net | - |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 760-01550-000 | Improvements Assessment | $74,220 |
| Land Assessment | $45,480 | Total Assessment | $119,700 |
PROPERTY TAXES
Parcel Number
760-01550-000
Land Assessment
$45,480
Improvements Assessment
$74,220
Total Assessment
$119,700
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