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Verizon Wireless & Mattress Firm 11951 Maumelle Blvd

6,000 SF 100% Leased Retail Building North Little Rock, AR 72113 £1,558,275 (£260/SF) 7.47% Net Initial Yield

Investment Highlights

  • Financing in Place.

Executive Summary

Excellent Below Market Financing in Place !
$1,300,000 Existing "Assumable" Loan. Loan is payable $8,664.41 / mo. bearing interest at 4.43%, amortized over 25 years, all due and payable March 2042.
Interest rate adjustments on 121st and 241st loan months.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
6,000 SF
Building Class
B
Year Built
2016
Price
£1,558,275
Price Per SF
£260
Net Initial Yield
7.47%
NOI
£116,421
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.14
Land Acres
0.98 AC
Zoning
C-3 - Commercial mixed use
Parking
22 Spaces (3.67 Spaces per 1,000 SF Leased)
Frontage
173 ft on Maumelle Blvd

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • -
  • 4,500 SF
  • -
  • Double Net
  • Dec 2026

Mattress Firm, the nation’s largest omni-channel mattress specialty retailer, through its predecessors, has been helping solve America’s sleep problems for more than 90 years. Every one of their more passionate Sleep Experts are driven by a common purpose: to change people’s lives through better sleep. Whether browsing online or in one of their stores, their highly trained team provides personalized service and advice to help customers choose the right mattress and bedding products based on their unique needs.

  • Verizon Wireless
  • -
  • 1,800 SF
  • -
  • Double Net
  • -
Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
- 4,500 SF - Double Net Dec 2026
Verizon Wireless - 1,800 SF - Double Net -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
43N-004-20-007-00
Land Assessment
£106,360
Improvements Assessment
£139,051
Total Assessment
£245,411
  • Listing ID: 29446244

  • Date on Market: 05/09/2023

  • Last Updated:

  • Address: 11951 Maumelle Blvd, North Little Rock, AR 72113

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