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2220 E Parkway 1,834 SF 4-Star Retail Building Russellville, AR 72802 $2,260,021 CAD ($1,232.29 CAD/SF) 5.08% Cap Rate

Retail Buildings Arkansas Russellville 2220 E Parkway, Russellville, AR 72802

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Executive Summary

Prime investment with an established double net lease with a new 5 year extension just executed. New Roof completed February 2024

Attachments

Confidentiality Agreement (1)

Property Facts

Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Freestanding
Building Size
1,834 SF
Building Class
B
LoopNet Rating
4 Star
Year Built
2007
Price
$2,260,021 CAD
Price Per SF
$1,232.29 CAD
Cap Rate
5.08%
NOI
$114,918 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
0.51 AC
Opportunity Zone
Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning
Commercial - Zoned C-1
Parking
21 Spaces (11.45 Spaces per 1,000 SF Leased)
Frontage
112’ on E Parkway Dr

Amenities

  • Corner Lot
  • Drive Thru
  • Air Conditioning
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Source: Local Logic®

Nearby Major Retailers

7 Brew Coffee
Starbucks
Regions Bank
Bank OZK
McAlister's Deli
Buffalo Wild Wings
Snap Fitness 24/7
Freddy's Frozen Custard & Steakburgers
Zaxby's
Chili's Grill & Bar

Property Taxes

Parcel Number 863-97001-000C Improvements Assessment $85,271 CAD
Land Assessment $99,085 CAD Total Assessment $184,356 CAD

Property Taxes

Parcel Number
863-97001-000C
Land Assessment
$99,085 CAD
Improvements Assessment
$85,271 CAD
Total Assessment
$184,356 CAD
(479) 264-4247

Still interested?

Contact the brokers for more information about this property

Contacts

  • Tara Dollar Kelley
    Tara Dollar Kelley
  • Will Wetzel
    Will Wetzel

  • Listing ID: 31010828

  • Date on Market: 2024-02-21

  • Last Updated:

  • Address: 2220 E Parkway, Russellville, AR 72802

The Retail Property at 2220 E Parkway, Russellville, AR 72802 is currently available for Sale. Contact Arkansas Real Estate Collective for more information.

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2220 E Parkway
(479) 264-4247 x

2220 E Parkway

Tara Dollar Kelley
(479) 264-4247

Will Wetzel
(479) 280-1999

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