Property profile

2820 Lakewood Village Dr North Little Rock, AR 72116

OFF-MARKET
Retail properties & Spaces
7,815 SF Built 1986
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Property summary

AI-generated overview

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 profile

Verified
Property type Retail properties & Spaces
Year built 1986
Total area 7,815 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant

Location

2820 Lakewood Village Dr North Little Rock, AR 72116
North Little Rock metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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