12206 Markham St Little Rock, AR 72211
- Turn key restaurants
- 5,270 SF
- 0.77 lot acres
Current Use by Public Records
- Jimmy John's / Delivery Restaurant / Takeout Restaurant
- Rowan Development, LLC / Contractor
Property Details for 12206 Markham St
- Year built
- 2016
- Lot size
- 0.77 lot acres
- Property size
- 5,270 SF
- Property type
- Turn key restaurants
- APN
- 44L-062-16-002-02
- APU
- 44L0621600202
Description
This exceptional investment opportunity presents a fully occupied, freestanding Class B retail building situated at 12206 W Markham St in Little Rock, Arkansas. The 10,000 square foot property, built in 1998 and renovated in 2003, sits on a 3-acre lot and boasts 175 parking spaces. Currently leased to Metro Wine & Spirits and Jimmy John's, this restaurant property benefits from high visibility due to its 218-foot frontage on W Markham Street, a major thoroughfare with 21,000 vehicles per day. The property's strategic location is further enhanced by its proximity to a dense concentration of national retailers, including Walmart, Sam's Club, Home Depot, Lowe's, Target, Whole Foods, Trader Joe's, Academy Sports + Outdoors, Hobby Lobby, Best Buy, Barnes & Noble, Ulta, Old Navy, Petco, PetSmart, Esporta, Chick-fil-a, and Chili's. The high traffic counts on W Markham St (21,000 VPD) and nearby Chenal Parkway (41,000 VPD) ensure significant exposure and potential for strong returns. The asking price is $2,800,000, representing a price per square foot of $280. This property offers a compelling combination of strong tenants, prime location, and high visibility, making it an ideal addition to any investment portfolio. The zip code is 72211, and the property is located in Pulaski County.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Little Rock
- County
- Pulaski
- State
- Arkansas
- Longitude
- -92.4112
- Latitude
- 34.7545
- CBSA code
- 30780
- CBSA name
- LITTLE ROCK-NORTH LITTLE ROCK, AR METROPOLITAN STATISTICAL AREA
