208 Morrow Street S, Mena, AR

Office for Sale - $715,000 - 4,284 Sq. Ft.


Agent Info

Ashley Habiger

Property Info

CIMLS#1189743
Location
  208 Morrow Street S
  Mena AR 71953
UpdatedApril 3rd, 2026
TypeOffice
Price$715,000
Building4,284 Sq. Ft.

Property Description

Excellent opportunity to acquire a healthcare real estate investment property fully occupied by MyEyeDr. Backed by Goldman Sacs, MyEyeDr. has grown to become one of the largest operators of eye care services nationwide. Healthcare real estate offers the opportunity for stable returns and growth. This property provides both: the tenant just renewed its lease for another 7-year term, and the lease includes an option to renew with a rental increase upon renewal. Landlord responsibility is limited to property insurance, structural and exterior repairs. The property underwent a major renovation and expansion in 2016 and is in excellent condition. Mena is a regional trade and service center for the surrounding cities and counties and is experiencing economic momentum, evidenced by recent and planned government and corporate investments.


Financials

Total Rental Income: $56,133

Reimbursement Income: $1,823 (Tax)

Effective Gross Income: $57,956

Expenses: $5,583

Net Operating Income: $52,373

Cap Rate: 7.32%