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    2820 Lakewood Village Dr North Little Rock, AR 72116

    Sponsored
    For Lease
    $24 SF/Yr ($15,630 /Mo)

    7,815 SF Restaurant, North Little Rock

    Lot size:
    7,815 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 7,815-square-foot freestanding restaurant building, located at 2820 Lakewood Village Dr in North Little Rock, Arkansas, presents a unique investment opportunity. Classified as Class A, this single-tenant property boasts a prime location within the thriving Lakewood Village shopping center, a 365,000+ square foot lifestyle center. Built in 1986 and renovated in 2019, the building offers a spacious, one-story layout with no elevators. The property is situated in Pulaski County's McCain submarket, benefiting from high traffic volume on both McCain Boulevard (31,000 vehicles per day) and Highway 67 (87,000 vehicles per day). Lakewood Village enjoys exceptional visibility and accessibility, anchored by strong national and regional tenants including Esporta Fitness, Edwards Food Giant Grocery, ULTA, JOANN Fabrics, Black Bear Diner, Crumbl Cookie, Brewski's North Pub and Grill, Corky's BBQ, Olive Garden, and Oak Street Health. Data from April 2023 to April 2024 indicates over 3.6 million annual visits to Lakewood Village (pre-Edwards Food Giant opening). This property is ideally suited for a variety of restaurant concepts and offers significant potential for growth within a high-traffic, established retail environment. The zip code is 72116.

    Property Features for 2820 Lakewood Village Dr

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    7,815 SF
    Class
    A
    Total Rate
    15630

    Building Details

    Year Built/Renovated
    1986/2019
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Size
    7,815 SF
    Rate per SF
    $24

    HighLights

    • 7,815 SF freestanding Class A restaurant building in North Little Rock, AR.
    • Located in the Lakewood Village shopping center (365,000+ SF), near McCain Blvd entrance.
    • Second‑generation restaurant space with cross‑access parking.
    Property Profile Location Intelligence

    Current Use by Public Records

    TGI Fridays Restaurant

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    North Little Rock
    County
    Pulaski
    State
    Arkansas
    Longitude
    -92.231624975099
    Latitude
    34.795059407335

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    FAQs

    What type of property is this?
    Restaurant - 7,815 SF Restaurant, North Little Rock
    Where is this restaurant located?
    The property is located at 2820 Lakewood Village Dr North Little Rock, AR.
    What is the lease rate?
    The lease rate is $24 SF/Yr.
    What are key features of this property?
    This property features: 7,815 SF freestanding Class A restaurant building in North Little Rock, AR.; Located in the Lakewood Village shopping center (365,000+ SF), near McCain Blvd entrance.; Second-generation restaurant space with cross-access parking.
    Request Owner's contact information
    2820 Lakewood Village Dr North Little Rock, AR 72116
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2820 Lakewood Village Dr North Little Rock, AR 72116
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