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Castino Industries - Molding Manufacturer

885 S Miller Dr.

Walnut Ridge, AR

Castino Industries - Molding Manufacturer

offering
memorandum

place offer

Property Details

available

Address

885 S Miller Dr.

City

Walnut Ridge, AR

Zipcode

72476

Net Operating Income

Year Built

Cap Rate

8.00%

Lease Structure

Lot Size

5.00 AC

Lease Term

Building Size

24,808

SQ FT

Investment Details

  • Terrific Bite-Sized Deal - Cheap price point paired with a strong operating history making this an ideal investment for 1031 exchange investors. 
  • Specialized Labor Advantage - Unique labor market offering specialized, hard-to-find talent that is loyal and cost-effective due to the strategic location of this property.
  • Pro-Business State with Zero Vacancy - Situated in a pro-business state, this property stands out in a fully occupied market, offering exceptional stability and strong investment potential.
  • Newly Constructed Long-Term Lease - Tenant recently committed to a newly structured 10-Year lease extension with 8 Years remaining.
  • Attractive Rental Increases - Property has 3% annual increases demonstrating a strong hedge towards inflation.
  • Niche Market - Castino Industries has been serving the city of Walnut Ridge since the early 2000’s allowing for a long-term, repeat, established customer base.

Asking Price

$1,591,350

cap rate

8.00%

%

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