Property details Harrison st. batesville, ar ROPERTY SUMMARY

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1 FOR SALE 10 Commercial Rental Units Superior location on central commercial district of Batesville Daily traffic count of >22,000 vehicles Within 1 mile of Batesville Community Center/Aquatic Park, Wal-Mart, Home Depot & White River Medical Center Offered at an 8.5% cap rate Low Price Point: $840,000

2 Property details ROPERTY SUMMARY ASKING PRICE $840,000 CAP RATE 8.5% BUILDING SQUARE FOOTAGE 9,360 LOT SIZE PARKING.46 Acres Ample YEAR BUILT 1999 ANNUAL REAL ESTATE TAXES $5,085 ANNUAL INSURANCE $1,212 AVERAGE DAILY TRAFFIC COUNT 22,000 LEASE SUMMARY CURRENT ANNUAL RENT $80,400 NET OPERATING INCOME $71,148 TENANTS LEASE TYPE LEASE TERMS Various National and Local NN 12 Months Large Commercial Strip Mall in Batesville located on Harrison St. with a traffic count of over 22,000! This 9,360 square foot facility has various national, local and regional tenants including Cricket Wireless, Liberty Tax Service & Tobacco Warehouse. It s superior location is a short walk to White River Medical Center, Batesville s new $23 million community center/water park and Lyon College. It s located directly across the road from Burger King, Aaron s and AMC Theaters, while being adjacent to Sears. The 2 buildings are metal frame structures with a metal roof & mezzanine. There are 5 commercial units that front Harrison St. with the smaller multunit building on the side street that still has a direct view of the main road. A retail complex in this area rarely comes up for sale since most of the properties fronting Harrison Street have already been built out and carry a significant premium. 2

3 PROPERTY PHOTOS G L E N M A R C 3

4 PROPERTY PHOTOS 4

5 demographics DEMOGRAPHIC SUMMARY CITY OF BATESVILLE INDEPENDENCE COUNTY POPULATION 10,236 10,499 10,701 36,647 38,069 39,146 HOUSEHOLDS 3,997 4,065 4,135 14,391 14,941 15,367 FAMILIES 2,442 2,499 2,520 10,009 10,228 10,437 AVERAGE HOUSEHOLD SIZE OWNER OCCUPIED HOUSING UNITS 2,250 2,319 2,359 10,280 10,388 10,684 RENTER OCCUPIED HOUSING UNITS 1,747 1,746 1,776 4,111 4,553 4,683 MEDIAN AGE MEDIAN HOUSEHOLD INCOME - $37,661 $44,281 - $37,641 $42,024 AVERAGE HOUSEHOLD INCOME - $61,992 $68,106 - $52,651 $57,853 PER CAPITA INCOME - $25,034 $27,386 - $21,002 $23,040 5

6 demographics 3 MILE RADIUS 10 MILE RADIUS 6

7 Batesville AERIAL MAP 7

8 Batesville by the numbers Current 4.3% unemployment rate in Batesville Batesville Regional Airport is large enough to accommodate private corporate jets 95 miles to Little Rock 69 miles to Jonesboro 121 miles to Memphis Over $800 million in annual banking deposits county wide 5 Primary & Secondary Schools 2 Post Secondary Schools Cost of living is 80% of National Average Average age in Batesville is 33 years old Over 180,000 annual visitors Large regional hospital White River Medical Systems *All data is derived from Chamber of Commerce & Annual Economic report 8

9 Top employers TOP EMPLOYERS NUMBER OF EMPLOYEES BUSINESS TYPE WHITE RIVER MEDICAL SYSTEM 1,565 HEALTH CARE PECO FOOD INC. 1,000 POULTRY PROCESSING WHITE RIVER AREA AGENCY ON AGING 776 HEALTH CARE OZARK MOUNTAIN POULTRY 755 POULTRY PROCESSING BAD BOY LAWN MOWERS 630 MANUFACTURING BATESVILLE PUBLIC SCHOOLS 565 EDUCATION FUTUREFUEL CHEMICAL CO. 500 ALTERNATIVE FUELS NETWORK OF COMMUNITY OPTIONS 370 HUMAN SERVICES WAL-MART SUPERCENTER 359 RETAIL FIRST COMMUNITY BANK 332 FINANCIAL INSTITUTION HEALTH RESOURCES OF ARKANSAS 280 HUMAN SERVICES ARKANSAS STATE HIGHWAY DEPARTMENT 279 TRANSPORTATION BAD BOY MOWERS UACCB (UNIVERSITY OF ARKANSAS) 250 EDUCATION INDEPENDENCE COUNTY 245 COUNTY SERVICES SOUTHSIDE PUBLIC SCHOOLS 238 EDUCATION FLOWERS BAKING COMPANY 237 BREAD CITIZENS BANK 198 FINANCIAL INSTITUTION INTIMIDATOR INC. 197 MANUFACTURING FUTURE FUEL 9

10 Batesville economic overview Batesville is a thriving community built on the banks of the White River that s within a short driving distance of main hubs such as Little Rock, Memphis & Jonesboro. It s a well rounded city with a diverse economy that projects an increase in median income of over 17% by This can be attributed to the city s focus on attracting new industries while providing it s citizen s with an improved quality of life. Batesville has a growing industrial base with expanding businesses such as Bad Boy Mowers, Intimidator, PECO, OMP and the new Wal-Mart Regional Manager Training Center. The largest employer is White River Medical Center which continues an aggressive expansion plan that s adding numerous above median income level jobs. There are 6 banks located in town and a retail sector that has recently added such names as Hobby Lobby, Cricket Wireless & Starbucks. Batesville recently completed the construction of a $23 million dollar Community Center & Aquatic Park that is already drawing significant economic dollars into the area. This, along with a major revitalization of the Main Street/Downtown area, have made a noticeable impact on Batesville s ability to attract & retain new residents. The facility gives Batesville the ability to host regional/state high school & college athletic events as well as large trade shows. These factors give investors a unique opportunity to invest in a growing market that still offers attractive cap rates at a much lower cost entry point than other areas. 10

11 Batesville MAIN ATTRACTIONS Batesville and Independence County are nestled in the Ozark Mountains which are know for their natural beauty. This unique asset has made the area a must visit for all ages and activities. Batesville s City Greenway provides walking & biking trails throughout the city while our numerous state parks offer hiking, hunting and one of the state s only sport climbing crags (Jamestown Crag). We are also located on the White River, which makes fishing our #1 outdoor draw. The new Community Center & Aquatics Park, revitalized Historic Main Street, various sports complexes, Batesville Motor Speed and Independence County Trap Range host a variety of tournaments, trade shows and events. This creates a consistent stream of revenue for our local businesses while sustaining a job market with an unemployment rate that is currently at just 4.3%. One of Batesville s most significant economic advantages, is the quality of our college s. Lyon College is considered one of the top liberal art s colleges in the United States and the University of Arkansas Community College provides affordable tuition in subjects that are specifically tailored for the industries located in Independence County. The local schools are also considered some of the area s best. Some other top draws are, native son, Mark Martin s NASCAR museum, Eagle Mountain Golf Course (which is on the Arkansas State Golf Trail) and the White River Wonderland, which attracts over 60,000 people annually! 11

12 Batesville main attractions HISTORIC MAIN STREET BATESVILLE COMMUNITY CENTER & AQUATIC PARK Independence county trap range BATESVILLE MOTOR SPEEDWAY EAGLE MTN. GOLF COURSE WHITE RIVER BATESVILLE NORTH SPORTS COMPLEX 12

13 Copyright Rich Realty 2017

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