10815 Colonel Glenn RdLittle Rock, AR 72204

For Sale
$6,500,000

Little Rock, AR Retail Investment

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional Class A shopping center, The Shoppes at Colonel Glenn, presents a compelling investment opportunity in Little Rock, Arkansas. The 17,899 square foot property, built in 2014, sits on a 3.21-acre lot at 10815 Colonel Glenn Rd, offering convenient access to I-430 and benefiting from high traffic volume in a rapidly expanding area. Currently boasting 100% occupancy with four tenants, including the University of Arkansas for Medical Sciences (UAMS) under a new 15-year lease, this multi-tenant retail center provides a stable income stream. The property features a single, one-story building with five units and generates a Net Operating Income (NOI) of $450,000, representing a 6.92% cap rate. The asking price is $6,500,000. Its prime location near car dealerships, entertainment venues, and major shopping centers, combined with the strong anchor tenant and high traffic counts (nearly 88,000 vehicles per day on I-430), makes this an attractive prospect for investors seeking a stable, high-performing asset. This opportunity is particularly well-suited for those participating in a 1031 exchange.

Highlights

  • Excellent 1031 Exchange Opportunity
  • University of Arkansas for Medical Sciences (UAMS) on a new 15-year lease.
  • Fully leased, three-tenant building.
  • Prime location in a high-growth area.
  • Convenient I-430 access.
  • High traffic count: nearly 88,000 vehicles per day on I-430.

Property Details for 10815 Colonel Glenn Rd

Property type
Lifestyle centers, Power centers
Square Feet
17,899 SF
Class
A
Year Built
2014
Buildings
1
Stories
1
Lot Size (sq. ft)
139,828 SF
Units
5

Location Insight

City
Little Rock
County
Pulaski
State
Arkansas
Latitude
34.7118261
Longitude
-92.3974857
10815 Colonel Glenn Rd, Little Rock, Arkansas

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10815 Colonel Glenn Rd
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