THE PALACE AND ROBER | 224 W South St
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THE PALACE AND ROBER 224 W South St
18,000 SF 100% Leased Retail Building Benton, AR 72015 £2,190,860 (£122/SF) 7.64% Net Initial Yield
Executive Summary
TWO FULLY REMODELED BUILDINGS WITH 100% OCCUPANCY IN THRIVING DOWNTOWN BENTON
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
£206,567
|
£11.48
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
£206,567
|
£11.48
|
| Taxes |
£9,389
|
£0.52
|
| Operating Expenses |
£21,909
|
£1.22
|
| Total Expenses |
£31,298
|
£1.74
|
| Net Operating Income |
£175,269
|
£9.74
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | £206,567 |
| Annual Per SF | £11.48 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | £206,567 |
| Annual Per SF | £11.48 |
| Taxes | |
|---|---|
| Annual | £9,389 |
| Annual Per SF | £0.52 |
| Operating Expenses | |
|---|---|
| Annual | £21,909 |
| Annual Per SF | £1.22 |
| Total Expenses | |
|---|---|
| Annual | £31,298 |
| Annual Per SF | £1.74 |
| Net Operating Income | |
|---|---|
| Annual | £175,269 |
| Annual Per SF | £9.74 |
Property Facts
Sale Type
Investment
Sale Condition
Portfolio Sale
Property Type
Retail
Property Subtype
Storefront
Building Size
18,000 SF
Building Class
C
Year Built
1919
Price
£2,190,860
Price Per SF
£122
Net Initial Yield
7.64%
NOI
£167,444
Percent Leased
100%
Tenancy
Multiple
Number of Floors
2
Building FAR
2.30
Lot Size
0.18 AC
Parking
12 Spaces (0.67 Spaces per 1,000 SF Leased)
Frontage
95 ft on South St
Amenities
- Signage
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 805-17810-000 | Total Assessment | £208,214 (2024) |
| Land Assessment | £3,067 (2024) | Annual Taxes | £9,389 (£0.52/sf) |
| Improvements Assessment | £205,147 (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
805-17810-000
Land Assessment
£3,067 (2024)
Improvements Assessment
£205,147 (2024)
Total Assessment
£208,214 (2024)
Annual Taxes
£9,389 (£0.52/sf)
Tax Year
2023
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THE PALACE AND ROBER | 224 W South St
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