Brand new 10,500 square-foot building with an 11 year, NNN lease, 2% annual increases. $227,500.00 NOI, 7.9% cap.
Cave Springs is growing rapidly and now is the time to capitalize on the opportunity! This charming property holds endless possibilities for homeowners, investors and entrepreneurs alike. It includes over 300' of highway frontage, 1.84 acres and multiple access points. The home has a rustic flair with a master suite addition (2010), new metal roof (2012), kitchen remodel (2018), new A/C unit (2023) and a pellet stove for alternate heating. Outside you'll find a huge barn with 5 separate bays, detached 2-car garage with separate workshop w/ rollup door, 2 separate carports AND a storage shed that conveys. For that buyer that needs 'room to work' this place has it! With XNA airport just to the west, I-49 minutes away to the east, and the potential to rezone to Commercial...this location has so much to offer!
Major Hwy frontage on front and back(new hwy coming soon on back of property)!!! Great potential for Office or Restaurant in the heart of Cave Springs.
Cave Springs is located in Arkansas. Cave Springs, Arkansas has a population of 5,224. Cave Springs is more family-centric than the surrounding county with 54.79% of the households containing married families with children. The county average for households married with children is 38.21%.
The median household income in Cave Springs, Arkansas is $140,195. The median household income for the surrounding county is $76,887 compared to the national median of $69,021. The median age of people living in Cave Springs is 34.6 years.
The average high temperature in July is 89.1 degrees, with an average low temperature in January of 24.7 degrees. The average rainfall is approximately 47 inches per year, with 8.9 inches of snow per year.