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AT&T - Lake Village, AR 923 US-65 1,800 SF Retail Building Lake Village, AR 71653 $1,246,419 CAD ($692.45 CAD/SF) 6.67% Cap Rate
INVESTMENT HIGHLIGHTS
- Lease Guaranteed by Prime Comms Retail LLC: Largest AT&T Authorized Retailer in the United States
- Across From McDonald’s
- Frontage to Highway 82: Main Thoroughfare of Lake Village, Arkansas
- Triple-Net Lease
EXECUTIVE SUMMARY
Marcus & Millichap is pleased to exclusively offer for sale a freestanding AT&T store operated by Prime Communications, the largest AT&T Authorized Retailer in the United States. The subject property is located at 923 Highway 65 in Lake Village, Arkansas. The AT&T features a triple-net lease, with landlord responsibilities only consisting of roof and structure repair/replacement. This 1,800-square-foot, freestanding building fronts Highway 82, which sees 11,923 vehicles per day. The AT&T site is located across from McDonalds, along the main thoroughfare of Lake Village.
The lease commenced in 2016 and the current term extends through 2027. The tenant has four two-year renewal options with two percent increases per renewal option. The lease is guaranteed by Prime Comms Retail, LLC, the largest AT&T authorized retailer in the nation (2,000 locations).
The lease commenced in 2016 and the current term extends through 2027. The tenant has four two-year renewal options with two percent increases per renewal option. The lease is guaranteed by Prime Comms Retail, LLC, the largest AT&T authorized retailer in the nation (2,000 locations).
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Building Size
1,800 SF
Year Built
2016
Price
$1,246,419 CAD
Price Per SF
$692.45 CAD
Cap Rate
6.67%
NOI
$83,095 CAD
Tenancy
Single
Building Height
1 Story
Opportunity Zone
Yes
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- AT&T
- Retailer
-
99,999 SF
- -
-
Lorem Ipsum
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| AT&T | Retailer | 99,999 SF | - | Lorem Ipsum | - |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 030-00091-000C | Improvements Assessment | $0 CAD |
| Land Assessment | $7,022 CAD | Total Assessment | $7,022 CAD |
PROPERTY TAXES
Parcel Number
030-00091-000C
Land Assessment
$7,022 CAD
Improvements Assessment
$0 CAD
Total Assessment
$7,022 CAD
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AT&T - Lake Village, AR | 923 US-65
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