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    FOR LEASE
    Strip malls

    3901 S University Ave, Little Rock, AR 72204

    152,350 SF 15.4 ac lot Built 1951
    Entity Owned 11-yr Hold Free & Clear
    Property ID
    US05-0618342
    Property summary
    AI-generated overview

    The Village Shopping Center, located at 3901 S University Ave in Little Rock, Arkansas (zip code 72204), offers a unique opportunity for businesses seeking flexible retail, industrial, or restaurant space. This multi-tenant property boasts a total of 153,508 square feet across three suites, situated on a 0.82-acre lot in Pulaski County. Currently, 8,100 square feet of space is available for lease. The minimum leasable space is 2,100 square feet, with a maximum contiguous space of 6,000 square feet. The property's flexible design caters to a variety of business needs. Its convenient location near the University of Arkansas at Little Rock (UALR) provides excellent visibility and accessibility. In addition to the main building, there is also a ±6,000 square foot outparcel building available, and a ±2,100 square foot outparcel is also available for ground lease. This presents a compelling opportunity for businesses seeking a prominent location in a thriving Little Rock area. The property's diverse space options and strategic location make it an ideal choice for businesses seeking growth and expansion. Interested parties should inquire about lease terms and availability.

    Property profile
    Verified
    Property type Strip malls
    Use group SHOPPING CENTER, STRIP CENTER
    Year built 1951
    Total area 152,350 SF
    Lot 15.4 ac (670,824 SF)
    APN 34L-298-01-001-00
    UPID US05-0618342
    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
    • dd's DISCOUNTS Clothing Store Department Store
    • Kontiki African Restaurant Restaurant
    • KRAFTASTIC KREATIONS (Bike/Boat/Book/etc) Store
    • Amazon Counter - Express Wireless Courier Service Postal Service
    • The Hair Trap Hair Salon
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $14.38M
    Owner & transaction history
    North Macarthur Invs LLC · 11 yrs held
    North Macarthur Invs LLC
    since 2014
    5 recorded transactions
    2020
    2014
    $3.0M
    1969
    1969
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Retail stores $23.3M +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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