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Arbors Independent Living Community
697 Bradley Cove Road, Russellville, AR 72802, USA
Behold This Exceptional Retail Opportunity in Russellville, AR, Boasting a Sprawling 74,932 SF Building Primed For Success. This Expansive Property Offers a Versatile Layout, Ideal For Diverse Retail or Street Retail Applications. Its Strategic Location Ensures High Visibility and Accessibility, Attracting Steady Foot Traffic and Maximizing Exposure For Any Retail Venture. With Abundant Space For Displays, Ample Parking, and Potential For Customization, This Property Presents Endless Possibilities For Retail Investors Seeking a Prime Location to Establish or Expand Their Business. Embrace the Potential of This Substantial Property and Envision the Possibilities For Your Retail Investment in Russellville.
- The Arbors of Russellville is an Upscale, Resort-Style Independent Living Facility That is Fully Licensed, Permitted and Built Out to Be an Assisted Living Facility; Located at 697 Bradley Cove Road in Russellville, Arkansas, the Property Sits on 20 Serene Acres and Offers a Variety of Living Options. In Addition to the 75 Newly Developed Apartments Within the Main Facility, the Arbors Includes Eight 1,400-Square-Foot Garden Homes Each Featuring a Spacious Kitchen, Large Family Room, Two Bedrooms, Two Full Bathrooms, and a Two-Car Garage
- The Arbors Was Originally Built, Licensed, and Permitted as an Assisted Living Facility in 2020, and All Necessary Infrastructure and Permits Remain in Place Today; the Facility Opened Just One Month Before the Onset of COVID-19, Prompting the Ownership to Temporarily Operate as an Independent Living Facility, With Intentions to Resume Assisted Living Services in the Following Years. However, Due to Previous Mismanagement—Which Has Since Been Corrected—the Transition Back to Assisted Living Was Never Completed
- Assisted Living Facilities Typically Generate 25%–35% More Revenue Per Unit Than Independent Living, Presenting a Clear Value-Add Opportunity For a New Operator to Unlock This Upside By Returning the Facility to its Originally Intended Use
- The Facility is Conveniently Located 1 Mile From I-40 and Half a Mile From Russellville City Limits, Providing Easy Access For Visitors and Residents Alike
- The Arbors Offers Restaurant-Style Dining With 3 Prepared Meals Daily, a Beauty Shop, Exercise and Game Rooms, Housekeeping, Transportation
Services Along With Having All Utilities Paid For; Residents Can Enjoy Covered Patios, an Outdoor Fireplace With Seating, Beautiful Courtyards, a Bocce Ball Court, and Much More - Russellville is Home to a Full-Service Hospital and Several Specialized Medical Centers Ensuring That Residents Have Quick Access to Quality Healthcare Services
- Nearby Attractions: Lake Dardanelle State Park: Approximately 5 Miles From The Arbors, This State Park Offers Fishing, Boating, and Scenic Views of Lake Dardanelle; Bona Dea Trails & Sanctuary: Located About 4 Miles Away, This Area Provides Walking Trails and Opportunities For Bird Watching in a Serene Environment; Tucker Coliseum: Located Within Russellville, Tucker Coliseum Hosts Various Sporting Events and Concerts, Providing Entertainment Options For All Age Groups
In Cooperation With Sands Investment Group Arkansas, LLC – Lic. #PB00085157 BoR: Andrew Ackerman – Lic. AR#PB00085157
Arbors Independent Living Community
697 Bradley Cove Road, Russellville, AR 72802, USA
ARBORS INDEPENDENT LIVING COMMUNITY
The Arbors Independent Living Community is a resort-style senior living facility located on a picturesque 20-acre property in Russellville, Arkansas. The community offers both independent and assisted living options, catering to individuals aged 55 and older. Residents can choose from 400-square-foot apartments that include a bedroom, bathroom, living room, and kitchenette equipped with a refrigerator. Each unit features a call system, individual climate control, fire sprinkler system, ceiling fans, blinds, and smoke detectors. The community emphasizes a vibrant and engaging atmosphere, encouraging social interaction and participation in diverse activities.
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Sands Investment Group (“Broker”) is presenting for sale the Subject Property (“Property”) referenced above, by the Property’s owner (the “Owner”). Our agreement with the Owner requires that we obtain a Non-Disclosure before disclosing the name and location of his/her location of his/her business. The undersigned (“Recipients”) hereby acknowledge and agree that certain confidential information that has been or may be disclosed is intended solely for Recipients’ limited use in considering whether to pursue negotiations to acquire the Property.
Neither the Owner of the Property nor Broker or any of their respective officers, employees or agents, make any representation or warranty, expressed or implied, as to the accuracy or completeness of this confidential information and no legal liability is assumed or shall be implied with respect thereto. Information provided has been or will be gathered from sources that are deemed reliable; however, neither Owner nor Broker warrants or represents that the information is true or correct. Recipients are advised to verify information independently. Owner and/or Broker reserve(s) the right to change the Property’s purchase price, or any Property or market information provided, or to withdraw the Property from the market at any time without notice.
Recipients agree that the information provided by Broker is confidential and as such, agrees to hold and treat such information in the strictest of confidence. In addition, Recipients agree not to disclose, directly or indirectly, or permit anyone else to disclose this information to any person, firm or entity without prior written authorization of Owner or Broker and not use, or permit to be used this information in any fashion or manner detrimental to the interests of Owner or Broker. Photocopying or other duplication of such confidential information is strictly prohibited. Recipients agree not to contact the Property’s tenant(s), leasing brokers, or property management staff in connection with Recipients’ review of the Property or confidential information. IN ADDITION, THE CONFIDENTIAL INFORMATION SHALL NOT BE DEEMED AS REPRESENTATIVE OF THE STATE OF AFFAIRS OF THE PROPERTY OR CONSTITUTE AN INDICATION THAT THERE HAS BEEN NO CHANGE IN THE BUSINESS OR AFFAIRS OF THE PROPERTY SINCE THE DATE OR PREPARATION OF THE OFFERING MEMORANDUM.
While Owner and/or Broker may discuss the purchase and sale of the Property with Recipients, either Owner or Broker, in our sole and absolute discretion, may terminate sale discussions at any time and for any reason. Recipients acknowledge that neither Owner nor Broker has any obligation to discuss or agree to the sale of the Property. The acquisition discussions may be lengthy and complex. Notwithstanding that the parties may reach one or more oral understandings or agreements on one or more issues, neither of the parties shall be bound by any oral agreement of any kind, and no rights, claims, obligations or liabilities of any kind, either expressed or implied, shall arise or exist in favor of or be binding upon either Owner or Broker except to the extent expressly set out in a written agreement signed by both Owner and Broker.
This letter will further confirm that Recipients understand that Broker is presenting the information on the above-referenced Property and that Recipients agree that all initial correspondence and agreements pertaining to the opportunities and subsequent purchase shall be submitted through Agent. Prospective Buyer shall not contact the Owner directly unless given written permission by Agent or act either directly, indirectly, through any third parties including affiliates, other clients or other brokers to circumvent the purpose of this Agreement.
The term of this Agreement is for one (1) year from the date below, which shall be automatically extended through any ongoing negotiations, escrow periods or closing of any purchase and sales transaction(s) for the opportunity entered into by Prospective Buyer or its affiliates during the term hereof.
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