2851 Lakewood Village Dr, North Little Rock, AR 72116
For Lease
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Lakewood Village Shopping Center, a prominent 357,641 square foot, single-story shopping center in North Little Rock's LR - North Little Rock submarket, presents a unique investment opportunity. Built in 2000, this multi-tenant property sits on 40.35 acres and offers ample parking via cross-access. Currently, 43,165 square feet of retail space is available, divisible into units ranging from 1,500 to 24,222 contiguous square feet. The center boasts a strong tenant mix including Esporta Fitness, Edwards Food Giant Grocery, ULTA, JOANN Fabrics, Black Bear Diner, Crumbl Cookie, Brewski's North Pub and Grill, Corky's BBQ, Olive Garden, and Oak Street Health. High traffic counts are a key feature, with McCain Boulevard seeing over 31,000 vehicles per day and Highway 67 exceeding 87,000 vehicles per day. Placer AI data from April 2023 to April 2024 (pre-Edwards Food Giant opening) indicated over 3.6 million annual visits. A 7,815 square foot former TGI Friday's space is available near the McCain Boulevard entrance, ideal for restaurant or retail use. Various sizes of office, retail, and restaurant spaces are available to suit diverse business needs.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.