The Shoppes at Colonel Glenn
17,899 SF | 100% Leased | 4-Star Retail Building | Little Rock, AR 72204 | $7,500,000 ($419/SF) | 6% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $7,500,000
- Property Type
-
Retail
- Square Feet
- 17,899 SF
- Price / Square Foot
- $419
Listing Contacts
Drew Laning
Verified Profile
Daryl Peeples
Verified Profile
Henry Kelley
Verified Profile
- Property Info
Property Overview
The Shoppes at Colonel Glenn presents an investment opportunity for investors looking to participate in a 1031 Exchange. This 17,899 square foot shopping center is situated on a 3.21-acre lot and is located at 10815 Colonel Glenn Road, which is conveniently located just off I-430. The property is 100 percent leased with the University of Arkansas for Medical Sciences (UAMS) occupying 83 percent of the square footage for a 15-year lease term. Situated in a rapidly expanding area of West Little Rock, the surrounding area features a mix of car dealerships, entertainment venues, and major shopping centers, which contribute to the high traffic volume in the area. With a prime location, the property is well-positioned to provide investors with a stable source of income and potential for long-term appreciation.
Property Details
- Class
- A
- Year Built
- 2014
- Stories
- 1
- Property Subtype
- Storefront
- Lot Size (sq. ft)
- 139,828 SF
Highlights
- UAMS on new 15-year lease term
- 100% leased building (three tenants)
- Located in high growth corridor
- Easy access to I-430
- Nearly 88,000 VPD on I-430
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