Property profile

8824 Geyer Springs Rd Little Rock, AR 72209

OFF-MARKET
Lifestyle centers
133,304 SF 9.24 ac lot Built 1973
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Property summary

AI-generated overview

This exceptional investment opportunity presents the Colony South Shopping Center, a 133,304-square-foot retail property situated on a 9.24-acre lot in Little Rock, Arkansas. Located at the signalized intersection of Geyer Springs Road and Baseline Road, this prime location boasts high traffic counts within the southwest Little Rock submarket. The center is anchored by a Kroger grocery store, a long-term tenant since 1992, demonstrating strong commitment to the location, further evidenced by recent interior renovations. The property enjoys a remarkable 98.5% occupancy rate, supported by an average tenant lease term of nearly thirteen years. The diverse tenant mix includes personal service businesses, complementing the dominant grocer. Recent capital improvements enhance the property's appeal, including a partial roof replacement, LED parking lot lighting upgrades, parking lot resealing and striping, new awnings, and fresh exterior paint. The property also includes an on-site Kroger Fuel Center, adding to its value and presenting potential for additional outparcel development. The property's zoning is C-3, allowing for a variety of uses. Built in 1973, this single-story building presents a stable and profitable investment opportunity in a thriving market. The property is classified as a Core investment type with multi-tenant occupancy.

Property profile

Verified
Property type Lifestyle centers
Year built 1973
Total area 133,304 SF
Lot 9.24 ac (402,494 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
  • Discount Store
  • Bank Credit Union
  • Bank Credit Union
  • Physician
  • Clothing Store

Location

8824 Geyer Springs Rd Little Rock, AR 72209
Little Rock metro
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Value estimations

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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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