409 South Illinois Avenue

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409 South Illinois Avenue

Harrisburg, AR 72432
Asking Price
Contact for price
Asset Type
Medical Office Office
Class
Class B

What's Special

Long-Term Mission-Critical Healthcare Facility <ul><li>​<span style="color: rgba(33, 37, 41, 1)">Mission Critical Facility: Company holds exclusive ambulance contract for the county</span></li><li>​<span style="color: rgba(33, 37, 41, 1)">Attractive Lease Structure: Under the NN lease, the tenant bears responsibility for operating expenses including CAMs, taxes, insurance, utilities, and routine repairs. Landlord responsibility is limited to structural integrity (roof and structure) and HVAC replacement at failure.</span></li><li>​<span styl

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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547

Location & Travel Times