208 Morrow Street

Mena, AR 71953

MLS#: 1341587

$585,000

Status: Active
Listing number: 1341587
Listing provided by: Delta Properties
Listing agent phone: None
Last update: 6 days ago
On site: 5 months ago
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Property

Beds

None

Full Baths

None

1/2 Baths

None

Year Built

1985

Sq.Footage

4,284

IMPROVED 8.95% CAP RATE: Priced below replacement value, this is an excellent opportunity to acquire a healthcare real estate investment property fully occupied by MyEyeDr. Backed by Goldman Sacs and with over 900 locations, MyEyeDr. is one of the largest eye care providers nationwide. This location has served as an optometry provider for a decade, and there are few competing providers in the area. MyEyeDr. recently renewed its lease, which includes an option to renew and rental increase upon renewal. Landlord responsibility is limited, the property underwent a major renovation and expansion in 2016 and is in excellent condition. Mena is a regional trade and service center for the surrounding cities and counties and is experiencing significant economic momentum, including a $19M investment by Nidec Motor Corporation to expand its Mena facility and the Trails at Mena Project, a multi-million-dollar project designed to be one of largest lift-served mountain bike parks in the world.

Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Basement YN

    NO

  • Heating YN

    YES

  • Heating

    Heat Pump

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Pool

    No

Area & Lot

  • Lot Features

    City Lot

  • Property Type

    Commercial Sale

Price

  • Sales Price

    $585,000

  • Zoning

    Commercial

  • Sq. Footage

    4,284

  • Price/SqFt

    $136

HOA

  • Association

    N/A

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Stories

    1

  • New Construction

    NO

  • Tax Lot

    N/A

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Location

County

Polk

Elementary School

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Listing Courtesy of Ashley Habiger, Delta Properties

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Agent Sonia Davis

REALTOR® | Hablo Español

Sonia Davis

Call Sonia today to schedule a private showing.

(479) 477-0256

soniarealtor14@gmail.com


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IMPROVED 8.95% CAP RATE: Priced below replacement value, this is an excellent opportunity to acquire a healthcare real estate investment property fully occupied by MyEyeDr. Backed by Goldman Sacs and with over 900 locations, MyEyeDr. is one of the largest eye care providers nationwide. This location has served as an optometry provider for a decade, and there are few competing providers in the area. MyEyeDr. recently renewed its lease, which includes an option to renew and rental increase upon renewal. Landlord responsibility is limited, the property underwent a major renovation and expansion in 2016 and is in excellent condition. Mena is a regional trade and service center for the surrounding cities and counties and is experiencing significant economic momentum, including a $19M investment by Nidec Motor Corporation to expand its Mena facility and the Trails at Mena Project, a multi-million-dollar project designed to be one of largest lift-served mountain bike parks in the world.

208 Morrow Street

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