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    FOR SALE
    Turn key restaurants

    12206 W Markham St, Little Rock, AR 72211

    5,270 SF 0.77 ac lot Built 2016
    Entity Owned 8-yr Hold ~ Est. High Equity
    Property ID
    US05-2197411
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Turn key restaurants
    Use group RESTAURANT
    Year built 2016
    Total area 5,270 SF
    Lot 0.77 ac (33,541 SF)
    APN 44L-062-16-002-02
    UPID US05-2197411
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Jimmy John's Take-out & Catering Catering Service
    • Rowan Development, LLC General Contractor
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $430k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $759k
    Blend (final) Blend
    $595k
    Owner & transaction history
    Rock Creek Crossing LLC · 8 yrs held
    Rock Creek Crossing LLC
    since 2017
    3 recorded transactions
    2019
    2017
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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