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Single-Tenant Office Medical

Baptist Health Urgent Care | Absolute Net Lease | Recent Lease Extension | Across 336-Bed Hospital

7600 Rogers Ave, Fort Smith, AR 72903

Listing Price: $2,072,977

Cap Rate
5.19%
Tenant Name
Baptist Health
Years Remaining On Lease
9.9
Guarantor
Corporate Guarantee
Rentable SF
3,598
Lease Type
Absolute Net
Rent Per Square Feet
$29.91

Investment Overview

Fort Smith is the third-largest city in Arkansas and one of the two county seats of Sebastian County. As of the 2010 Census, the population was 86,209. With an estimated population of 87,891 in 2019, it is the principal city of the Fort Smith, Arkansas–Oklahoma Metropolitan Statistical Area, a region of 298,592 residents that encompasses the Arkansas counties of Crawford, Franklin, and Sebastian, and the Oklahoma counties of Le Flore and Sequoyah. Fort Smith lies on the Arkansas-Oklahoma state border, situated at the confluence of the Arkansas and Poteau rivers, also known as Belle Point. Fort Smith was established as a western frontier military post in 1817, when it was also a center of fur trading. The city developed there. It became well known as a base for migrants’ settling of the “Wild West” and for its law enforcement heritage. Fort Smith has long been a regional manufacturing center, with major plants located in the city operated by Rheem, Trane, Georgia-Pacific, Gerber, Kraft Heinz Company-Planters Peanuts, Mars Petcare, Umarex USA, Graphic Packaging, International Paper, Pernod Ricard-USA, and many others. Fort Smith is home to several corporations, including Baldor Electric Company, a member of the ABB Group, ArcBest Corporation, and poultry company OK Foods.

Investment Highlights

  • Recent Lease Extension Demonstrating a Strong Commitment to the Location. Absolute Net Lease Featuring Above Average Annual Rental Increases throughout the Initial Term and Options.
  • Recently Renovated with plans to Update the Roof and Parking Lot. Location Formerly Utilized as a Restaurant w/ Drive-Thru.
  • Positioned Along Area's Major Traffic & Retail Corridor - Features Easy Access and Excellent Visibility with Daily Combined Traffic Counts Exceeding 41k Vehicles. Near Interstate-540 (56k+ VPD).
  • Near Numerous Schools including Southside High School (1,535+ Students), Chaffin Junior High, Chaffin Middle School and Woods Elementary School.
  • Located in Fort Smith's Densest Retail Corridor. Outparcel to Sam's Club and Near Numerous other National Retailers including Walmart Supercenter, Lowe's, ALDI, Walgreens, Kohl's, Savers and many more
  • Walking Distance from Mercy Hospital Fort Smith - a 336-Bed Acute Care Hospital and many other Medical Offices & Centers including Mercy Orthopedic Hospital, Mercy Clinic Pediatrics and Mercy Family Medicine.
  • Minutes from University of Arkansas Fort Smith - the Sixth-largest University in Arkansas and part of the University of Arkansas System, with a Total Enrollment of more than 6,250 Students.
  • A Short Drive from Central Mall - the Region's Largest Shopping Center offering Department Stores and a Full Range of Jewelry, Clothing, Food, Personal Services and Unique Gifts. In Close Proximity to Fort Smith Regional Airport - a Public-use Joint Civil-Military Airport serving the Transportation needs of Residents and Businesses of Western Arkansas and Eastern Oklahoma.

Exclusively Listed By

Broker of Record

  • Anne Williams

    First Vice President Investments

    (901) 486-4376

    License(s) AR: PB00066390

    Arkansas

Single-Tenant Office Medical

Baptist Health Urgent Care | Absolute Net Lease | Recent Lease Extension | Across 336-Bed Hospital

Listing Price: $2,072,977

Cap Rate
5.19%
Tenant Name
Baptist Health
Years Remaining On Lease
9.9
Guarantor
Corporate Guarantee
Rentable SF
3,598
Lease Type
Absolute Net
Rent Per Square Feet
$29.91

Investment Highlights

  • Recent Lease Extension Demonstrating a Strong Commitment to the Location. Absolute Net Lease Featuring Above Average Annual Rental Increases throughout the Initial Term and Options.
  • Recently Renovated with plans to Update the Roof and Parking Lot. Location Formerly Utilized as a Restaurant w/ Drive-Thru.
  • Positioned Along Area's Major Traffic & Retail Corridor - Features Easy Access and Excellent Visibility with Daily Combined Traffic Counts Exceeding 41k Vehicles. Near Interstate-540 (56k+ VPD).
  • Near Numerous Schools including Southside High School (1,535+ Students), Chaffin Junior High, Chaffin Middle School and Woods Elementary School.
  • Located in Fort Smith's Densest Retail Corridor. Outparcel to Sam's Club and Near Numerous other National Retailers including Walmart Supercenter, Lowe's, ALDI, Walgreens, Kohl's, Savers and many more
  • Walking Distance from Mercy Hospital Fort Smith - a 336-Bed Acute Care Hospital and many other Medical Offices & Centers including Mercy Orthopedic Hospital, Mercy Clinic Pediatrics and Mercy Family Medicine.
  • Minutes from University of Arkansas Fort Smith - the Sixth-largest University in Arkansas and part of the University of Arkansas System, with a Total Enrollment of more than 6,250 Students.
  • A Short Drive from Central Mall - the Region's Largest Shopping Center offering Department Stores and a Full Range of Jewelry, Clothing, Food, Personal Services and Unique Gifts. In Close Proximity to Fort Smith Regional Airport - a Public-use Joint Civil-Military Airport serving the Transportation needs of Residents and Businesses of Western Arkansas and Eastern Oklahoma.

Investment Overview

Fort Smith is the third-largest city in Arkansas and one of the two county seats of Sebastian County. As of the 2010 Census, the population was 86,209. With an estimated population of 87,891 in 2019, it is the principal city of the Fort Smith, Arkansas–Oklahoma Metropolitan Statistical Area, a region of 298,592 residents that encompasses the Arkansas counties of Crawford, Franklin, and Sebastian, and the Oklahoma counties of Le Flore and Sequoyah. Fort Smith lies on the Arkansas-Oklahoma state border, situated at the confluence of the Arkansas and Poteau rivers, also known as Belle Point. Fort Smith was established as a western frontier military post in 1817, when it was also a center of fur trading. The city developed there. It became well known as a base for migrants’ settling of the “Wild West” and for its law enforcement heritage. Fort Smith has long been a regional manufacturing center, with major plants located in the city operated by Rheem, Trane, Georgia-Pacific, Gerber, Kraft Heinz Company-Planters Peanuts, Mars Petcare, Umarex USA, Graphic Packaging, International Paper, Pernod Ricard-USA, and many others. Fort Smith is home to several corporations, including Baldor Electric Company, a member of the ABB Group, ArcBest Corporation, and poultry company OK Foods.

Exclusively Listed By

Broker of Record

  • Anne Williams

    First Vice President Investments

    (901) 486-4376

    License(s): AR: PB00066390

    Arkansas

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