SARC | Pine Bluff, AR

Property Information

Tenant:  Surgical Ambulatory Regional Center

Location:  7200 S. Hazel St., Pine Bluff, AR

Property Type:  Freestanding, Medical, Hospital

Building Size:  24,050 Square Feet

Purchase Price:  $13,108,192

Cap Rate:  6.25%

This 24,050 SF facility houses multiple clinical practices and a state-of-the-art surgery center. Originally built as a community hospital, this facility houses both the Arkansas Cancer Institute and the Vascular and Cardiac Institute. The facility is master leased by Advance Care Medical and was upgraded to a Surgery Center in 2020.

About Tenants-In-Common

Tenants-in-Common or TIC ownership allows multiple buyers to purchase an undivided percentage of a single piece of property. Each buyer receives his own deed to the property and benefits from all of the income, tax shelters and appreciation it provides. This Millcreek Commercial property has the following characteristics:

  • Property is offered debt-free
  • Long-term, corporate-guaranteed lease
  • Satisfies IRS requirements for 1031 exchanges
Millcreek Commercial pleasant grove office building

Office | 801.899.1943

Advance Care Medical Pine Bluff AR

Lease Information

Lease Guarantor:  HSI Group

Initial Lease Term:  20 years

Rent Increases:  2% increases every year

Renewal Options:  Two 5-year options

20 Yr. Avg. Return:  7.59%

Property Overview
Property Offering Memorandum
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