Matthews Logo

Navigation Menu

608 N Illinois St, Harrisburg, AR, 72432

Family Dollar

$525,000

Key Information

Cap Rate
9.65%
$ per SF
$66
Tot. SF
7,848
Year Built
2000
Term Remaining
± 5 Years
Type
Retail
Occupancy
100%
NOI
$50,688

Highlights

• Established Tenancy – Originally leased in November 2000, the property has supported more than two decades of continuous and successful operation
• Location – Positioned within the Jonesborough Metropolitan Statistical Area (MSA)—the fifth most populated city in Arkansas
• Lease Term – ±1 year remains on the current base lease term, with three 5-year extensions remaining. There are 10% rent increases at the beginning of each renewal period
• Roof & Structure – Landlord is responsible for upkeep of the roof and structural components of the exterior building
• Insurance – The tenant reimburses for the base insurance premium amount, while the landlord is responsible for the amount exceeding the base figure
• Property Taxes – The tenant reimburses for property taxes in the amount of the base lease year’s assessed value, while the landlord is responsible for the amount exceeding the base figure

Photos

Location

Agents

Broker of Record

Kyle Matthews

License # PB00084217 (AR)
MREIS AR Real Estate
1600 West End Ave, Ste. 1500 Nashville, TN 37203