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1323 Highway 71 S,Fort Smith,AR,72901,US

Fort Smith, AR | 3,061 sq. ft. | $ 18,366.00/mo

  • 1323 Highway 71 S,Fort Smith,AR,72901,US Fort Smith,AR
Space Available: 3,061 sq. ft.
Type: Retail - Warehouse
Est. Rent: 6.00/SF/Month

 

 

Current Pizza Hut location available for purchase. Building is approximately 3,061 square feet situated on 22,000 square feet of land. Located among many other retail and restaurants in a main retail corridor. Property has plenty of frontage and great access from Highway 71 South, near Zero Street and Towson Avenue. Owner is asking $675,000. Cap rate is approximately 7.25% on current lease agreement. Fee Simple Land and Building – Absolute Triple Net Lease Current Lease Term: To December.31.2021 Options: None – Tenant exercised all options Current annual base rent $32,902.00 Percentage rent: 5% over $658,040.00 NOI  2018:$ $35,990.00 and $38,958.97 in 2017 Year Built:  1987 – subsequently remodeled and upgraded   Great visibility – Main Retail Corridor Thoroughfare Dual Access from Highway 71 and side crossing 14th street One mile from to WalMart Supercenter Below Market Rent - Low Price per SF

 

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1323 Highway 71 S,Fort Smith,AR,72901,US1323 Highway 71 S,Fort Smith,AR,72901,US


Fort Smith, AR
Retail
Warehouse
3,061
sq. ft.