10321 Colonel Glenn Rd Little Rock, AR 72204-8146

Property Details for 10321 Colonel Glenn Rd

Year built

2019

Lot size

1.54 lot acres

Property size

4,200 SF

Property type

Grocery and convenience stores

APN

44L-144-09-001-00

APU

44L1440900100

Description

This exceptional investment opportunity presents a 4,200 square foot Circle K convenience store located at 10321 Colonel Glenn Rd, Little Rock, AR 72204. Situated on approximately 1.54 acres of commercially zoned land (APN: 44L1440900100), this property boasts a prime location in a rapidly developing area of Little Rock, near major auto dealerships and the new Top Golf facility. The building, constructed in February 2019, is currently under a single-tenant, absolute NNN lease with Gas Express LLC, the largest Circle K franchisee in the United States, with over 200 locations nationwide. The lease, commencing February 15, 2019, and expiring August 31, 2040, has a remaining term of approximately 15.8 years. The lease includes a 10% rent escalation every five years, ensuring consistent income growth. The property generates a substantial net operating income (NOI) of $268,012, resulting in a 6.00% cap rate. The asking price is $4,466,878, translating to $1,063.54 per square foot. This investment benefits from IRS Section 1250 accelerated depreciation for retail motor fuel outlets. The property's strategic location within a high-density, growing multi-family residential area and its proximity to major retail brands ensures strong visibility and consistent customer traffic. This is a rare opportunity to acquire a high-performing, low-maintenance asset with significant long-term growth potential.

Location Insight

City

Little Rock

County

Pulaski

State

Arkansas

Longitude

-92.391

Latitude

34.7118

CBSA code

30780

CBSA name

LITTLE ROCK-NORTH LITTLE ROCK, AR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments