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    FOR LEASE
    Strip malls

    15104 Chenal Pkwy, Little Rock, AR 72211

    7,876 SF 1.07 ac lot Built 2019
    Entity Owned 7-yr Hold ~ Est. High Equity
    Property ID
    US05-1061416
    Property summary
    AI-generated overview

    This Little Rock, AR Class A commercial property, Chenal Park Centre III, offers versatile office and retail space. Built in 2020, this single-story building boasts 7,859 total square feet across six suites, situated on a 0.98-acre lot. The property features a convenient C-2 zoning designation and ample parking with 50 spaces. Currently, 2,264 square feet of space is available, divisible into units ranging from 1,095 to 1,169 contiguous square feet. The building's location within the Chenal Corridor provides excellent visibility and accessibility, with prominent frontage on Chenal Parkway. Nearby businesses include Walgreens, Kroger, Chuy's Mexican Restaurant, Goddard School, and a new Costco, ensuring high foot traffic and a strong commercial presence. Suite 7000 is already built out as open retail space. The property is ideal for a variety of businesses seeking a modern, well-located space in a thriving area. The building consists of three buildings in total. This property is perfect for medical, traditional, executive, or creative office users, as well as storefront retail tenants.

    Property profile
    Verified
    Property type Strip malls
    Use group SHOPPING CENTER, STRIP CENTER
    Year built 2019
    Total area 7,876 SF
    Lot 1.07 ac (46,609 SF)
    APN 44L-075-09-002-02
    UPID US05-1061416
    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
    • Skin Haven Medical Clinic Skin Care Clinic
    • Generator Supercenter of Little Rock Hardware & Home Improvement Building Supply
    • Dr. mictlantecuhtli M. onni, DDS Physician
    • Chenal Park Centre III Shopping Center & Mall
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $1.13M
    Blend (final) Blend
    $810k
    Owner & transaction history
    Llej X LLC · 7 yrs held
    Llej X LLC
    since 2019
    3 recorded transactions
    2020
    2019
    $1.3M
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Medical building $1.3M +25.8%
    Retail stores $1.2M +16.9%
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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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