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885 S Miller St 24,808 SF Industrial Building Walnut Ridge, AR 72476 $2,200,041 CAD ($88.68 CAD/SF) 8% Cap Rate
INVESTMENT HIGHLIGHTS
- Terrific Bite-Sized Deal - Cheap price point paired with a strong operating history making this an ideal investment for 1031 exchange investors.
- Attractive Rental Increases - Property has 3% annual increases demonstrating a strong hedge towards inflation.
- Newly Constructed Long-Term Lease - Tenant recently committed to a newly structured 10-Year lease extension with 8 Years remaining.
- Specialized Labor Advantage - Unique labor market offering specialized, hard-to-find talent that is loyal & cost-effective due to strategic location.
- Pro-Business State with Zero Vacancy - Situated in a pro-business state, this property stands out in a fully occupied market.
EXECUTIVE SUMMARY
This Castino Industries property in Walnut Ridge, Arkansas presents a compelling investment opportunity characterized by its strong operational history, strategic location, and stable tenancy. Priced attractively, this bite-sized deal is ideal for 1031 exchange investors seeking dependable returns and low-entry capital requirements.
The asset benefits from a unique labor market, offering access to specialized, cost-effective talent—a critical advantage given the nature of Castino Industries’ operations. The property is secured by a NN+ lease structure, where the lessee contributes to shared capital expenditures based on a prorated formula, ensuring cost transparency and minimal landlord responsibility.
Located in a pro-business state with zero market vacancy, the property stands out for its stability and investor appeal. The tenant has demonstrated long-term commitment with a recently extended 10-year lease (8 years remaining) and built-in 3% annual rental increases, providing a consistent hedge against inflation.
Castino Industries’ long-standing presence in Walnut Ridge since the early 2000s has established a loyal customer base in a niche market, further reinforcing the asset’s strong long-term value.
The asset benefits from a unique labor market, offering access to specialized, cost-effective talent—a critical advantage given the nature of Castino Industries’ operations. The property is secured by a NN+ lease structure, where the lessee contributes to shared capital expenditures based on a prorated formula, ensuring cost transparency and minimal landlord responsibility.
Located in a pro-business state with zero market vacancy, the property stands out for its stability and investor appeal. The tenant has demonstrated long-term commitment with a recently extended 10-year lease (8 years remaining) and built-in 3% annual rental increases, providing a consistent hedge against inflation.
Castino Industries’ long-standing presence in Walnut Ridge since the early 2000s has established a loyal customer base in a niche market, further reinforcing the asset’s strong long-term value.
PROPERTY FACTS
| Price | $2,200,041 CAD | Rentable Building Area | 24,808 SF |
| Price Per SF | $88.68 CAD | No. Stories | 1 |
| Sale Type | Investment | Year Built | 1997 |
| Cap Rate | 8% | Tenancy | Single |
| Property Type | Industrial | Parking Ratio | 0.4/1,000 SF |
| Property Subtype | Warehouse | No. Drive In / Grade-Level Doors | 1 |
| Building Class | B | Opportunity Zone |
Yes
|
| Lot Size | 3.00 AC |
| Price | $2,200,041 CAD |
| Price Per SF | $88.68 CAD |
| Sale Type | Investment |
| Cap Rate | 8% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | B |
| Lot Size | 3.00 AC |
| Rentable Building Area | 24,808 SF |
| No. Stories | 1 |
| Year Built | 1997 |
| Tenancy | Single |
| Parking Ratio | 0.4/1,000 SF |
| No. Drive In / Grade-Level Doors | 1 |
| Opportunity Zone |
Yes |
1 1
PROPERTY TAXES
| Parcel Number | 850-02385-002-C | Improvements Assessment | $87,131 CAD |
| Land Assessment | $5,475 CAD | Total Assessment | $92,606 CAD |
PROPERTY TAXES
Parcel Number
850-02385-002-C
Land Assessment
$5,475 CAD
Improvements Assessment
$87,131 CAD
Total Assessment
$92,606 CAD
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885 S Miller St
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