Goodman Distribution | 9+yrs Remain Corp NNN
45,050 SF | Retail Building | Fort Smith, AR 72916 | $6,758,000 ($150/SF) | 6.50% Cap Rate
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $6,758,000
- Property Type
-
Retail
- Square Feet
- 45,050 SF
- Price / Square Foot
- $150
Listing Contacts
Patrick Luther
Verified Profile
Matthew Mousavi
Verified Profile
- Property Info
Property Overview
Cushman & Wakefield | Sage Real Estate Solutions, LLC, in collaboration with SRS Real Estate Partners is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NNN leased, Goodman Distribution investment property located in Fort Smith, Arkansas. The tenant, Goodman Distribution, Inc has over 9 years remaining on their initial lease with 2 (7-year) options to extend, demonstrating their commitment to the site. The lease features annual 2.5% rental increases throughout the initial term and option periods, steadily growing NOI and hedging against inflation. The lease is NNN with limited landlord responsibilities making it an ideal, low-management investment opportunity for a passive investor.
BAILEY BENSON
Director, Brokerage Operations Sage Real Estate Solutions, LLC [email protected]
D: 479.845.3021 | M: 479.871.6160 5100 W. JB Hunt Drive, Suite 800 Rogers, AR 72758
AR License No. SA00072817
BAILEY BENSON
Director, Brokerage Operations Sage Real Estate Solutions, LLC [email protected]
D: 479.845.3021 | M: 479.871.6160 5100 W. JB Hunt Drive, Suite 800 Rogers, AR 72758
AR License No. SA00072817
Property Details
- Year Built
- 2023
- Stories
- 1
- Property Subtype
- Freestanding, Distribution
- Lot Size (sq. ft)
- 133,294 SF
Highlights
- Over 9 Years Remaining | Corporate Guaranteed | 2.50% Annual Rental Increases
- NNN Leased | Fee Simple Ownership | Minimal Landlord Responsibilities
- Interstate 540 (51,000 VPD) | Fort Smith Regional Airport |Fort Smith Pavillion (408,000 SF) | Primary Retail Corridor
- Strong Demographics in 5-Mile Trade Area
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