MEDICAL OFFICE BUILDING FOR SALE · - Great Location in North Fayetteville with Joyce Street...

MEDICAL OFFICE BUILDING FOR SALE1794 E Joyce Blvd., Ste 2 & 3 | Fayetteville, AR 72703

JORDAN JETER, CCIMPARTNERM 501.350.7388 | O [email protected]

KEVIN KESTNERAGENTM 479.200.7738 | O [email protected]

AVAILABLE Suite 2 & 3: 7,289 SF

SALE PRICE$1,306,000

CAP RATE8%

HIGHLIGHTS- Great Investment opportunity in high demand Medical/Office area of Fayetteville. - $104,423 NOI per year- Fully occupied thru 2020 - Partially occupied thru 2023.- Move-in ready 5,639 SF suite can be made available for an Owner/Occupied buyer and would include side cash flow from the adjacent suite next door which generates $23,638 a year of NOI for the next 4 years!- Great Location in North Fayetteville with Joyce Street Frontage- One Block from Physicians’ Specialty Hospital and Less than - 3 miles from Washington Regional Hospital- Located less than a mile away from NWA’s busiest intersection - Traffic Count: 24,000 Cars Per Day

SITE OVERVIEW







UPSTAIRS



LOCATION SUMMARYFayetteville is the fastest growing city in Arkansas and is the largest city in the thriving northwest Arkansas area that is the corporate home to Walmart, Tyson Foods and JB Hunt Trucking, all located within less than half-hour drive from Fayetteville. Fayetteville was recently voted number seven in USA Today’s Best College Towns.

DEMOGRAPHICS

3 MILES 5 MILES 10 MILES

POPULATION 42,802 122,292 167,051

AVERAGE HH INCOME $103,956 $77,215 $73,458

TOTALNUMBER OF HH 18,929 48,865 64,755

1/9/2019 Fayetteville - Google Maps

https://www.google.com/maps/place/Fayetteville,+AR/@36.0780895,-94.1975361,12z/data=!4m5!3m4!1s0x87c96f7b2fb53e9d:0x4519f069fcb4c8cf!8… 1/2

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FayettevilleArkansas

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NORTHWEST ARKANSASNational publications, economists and university researchers recognize Northwest Arkansas as one of the nation’s most successful regions. They are consistent with their praise of Northwest Arkansas, its counties and cities, its economy and businesses, and its quality of life.


Jordan is a current partner and a CCIM designee with Flake & Kelley. His clients include well known national companies such as Cabela’s, Starbucks, Whataburger and Tropical Smoothie just to name a few. In all, he is managing partner of multiple different entities that include tenants such as Dollar General, Dollar Tree, Outback Steakhouse, Verizon, Pizza Hut, O’Reilly, and VP Racing Fuels. Among his other talents, he is a specialist in investment sales with a concentration on Retail/NNN properties and 1031 Exchanges. He is currently managing partner of a 30,000 SF development in Centerton, AR and a 129 lot single family development.

CONTACT


Before joining Flake & Kelley, Kevin Kestner was the President of a multi-unit franchise group in Arkansas for 10+ years. Kevin is very knowledgeable and experienced in the restaurant/retail sector and can provide insight and representation for any asset class in commercial real estate. He is an active member at Central United Methodist Church, has volunteered and coached youth baseball, basketball and football teams, and is a proud husband and father of four children.

Flake & Kelley Commercial is the agent for the owner of the property described

herein. However, no information is guaranteed in any way. Any reproduction of this

material is prohibited without the consent of Flake & Kelley Commercial.

4100 Corporate Center Dr. , Suite 101Springdale, AR 72762f lakeandkelley.com |



MEDICAL OFFICE BUILDING FOR SALE · - Great Location in North Fayetteville with Joyce Street...

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