Property profile

12206 W Markham St Little Rock, AR 72211

FOR SALE
Turn key restaurants
Property ID
US05-2197411
5,270 SF 0.77 ac lot Built 2016
Entity Owned 8-yr Hold ~ Est. High Equity
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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

Current use

Occupant on record · Public records
  • Take-out & Catering Catering Service
  • General Contractor

Location

12206 W Markham St Little Rock, AR 72211
Little Rock metro Census 4222 LITTLE ROCK-NORTH LITTLE ROCK, AR METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$430k
CAP Approach CAP
by Request
Comparable Approach Comparable
$759k
Blend (final) Blend
$430k

Owner & transaction history

since 2017
3 recorded transactions
2019
Price N/A
2017
Price N/A
1969
Price N/A

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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