Multi-Tenant Office anchored by Regions Bank & Lion Oil Co. and with 3 GSA Leases
$3,750,000
100 East Peach Street, El Dorado, AR 71730
9.06
Cap Rate
340,116
NOI
Details:
Highlights:
- • 85% Leased
- • 24% Leased to Regions Bank
- • 29% Leased to Lion Oil Co .
- • Three GSA Leases
- • Upside in Leasing Vacancy
Description:
The subject property is a 3 story building with a partial basement and containing approximately 39 990 square feet of rentable area. The construction is reinforced steel with a stone veneer exterior surface.
The property is located at 100 E Peach St in the heart of the very active central business district of El Dorado and just 2 blocks from the Union County courthouse and the Main Street El Dorado, the vibrant town square.
Regions Bank occupies 24%of the rentable area of the building and has been at tenant in the building since 2005 The current lease term, extended in 2018 expires in 2027. The lease reflects 2% annual increases.
The parent company of Regions Bank, Regions Financial Corporation (NYSE RF), is a
member of the S&P 500 Index and is one of the nation’s largest full service providers of
consumer and commercial banking, wealth management and mortgage products and
services Regions serves customers across the South, Midwest and Texas.
Lion Oil Company occupies 29 4 of the rentable area of the building with 2 0 annual rent increases The parent company of Lion Oil Company is Delek US Holdings, Inc. (NYSE DK).
The vacancy space of 6,136 square feet in 3 suites, with only a suite of 422 square feet being unfinished. The vacant space offers an investor strong upside with leasing potential for additional income.
Documents:
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Regions_Plaza_El_Dorado__AR_OM__2.21.22_.pdf
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Location
Gallery
