Investment Offering – $1,950,000
Location: 5150 North Shore Lane, North Little Rock, AR 72118
|Current Rent: $151,587||Cap Rate: 7.77%|
|Lease Term: 10||Remaining Term: 9|
|Lease Type: NNN||Building Sq. Ft.: 12,415|
|Renewal Options: One (1), Five (5) Year Options|
- Tenant is Windstream (Nasdaq: WIN), a FORTUNE 500 and S&P 500 company, a leading provider of advanced network communications, including cloud computing and managed services, to businesses nationwide.
- Nine years remaining on a 10 year lease with a mix of 1.75% and 2.25% annual rental increases
- Strategic location located on the north side of the Arkansas River very close to downtown Little Rock and easy access to the freeways/transportation and all the city has to offer.
- The property is located in the North Shore Business Park, a growing 250 Acre Industrial and Office Park.
- New construction in 2016, upgraded build to suit facility for the tenant.
- Tenant is headquartered in Little Rock, AR approximately 4 miles from the Subject Property.