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Medic One

$288,000

409 South Illinois Avenue, Harrisburg, AR 72432

Active
Last Updated: 09/30/2025

7.5

Cap Rate

21,600

NOI

Details:
Cap Rate:    7.5%
NOI:    $21,600
Building Size:    1,800 sqft
Lot Area:    0.24 sqft
Lease Type:    Double Net
Tenancy:    Single
Highlights:
  • Mission Critical Facility: Company holds exclusive ambulance contract for the county
  • Attractive Lease Structure: Under the NN lease, the tenant bears responsibility for operating expenses including CAMs, taxes, insurance, utilities, and routine repairs. Landlord responsibility is limited to structural integrity (roof and structure) and HVAC replacement at failure.
  • Custom Facility: Unit includes beds, bathrooms, laundry, backup generators, is HIPPA compliant, etc.
  • Proven Operator: With a portfolio of 15+ active stations across Arkansas and Missouri, Medic One demonstrates both stability and a strong commitment to the markets it serves.
Description:

The subject property features 2% annual rent increases beginning January 1, 2029, continuing through the remainder of the lease term. The asset is also strategically positioned adjacent to Harrisburg High School and just down from the main retail corridor.

Map:
Documents:
Title
MedicOne_HarrisburgAR.pdf
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Location
Gallery