5121 Warden Rd, N Little Rock, AR 72116-7015

This exceptional 15,000-square-foot, single-story retail and office building in North Little Rock, Arkansas presents a compelling investment opportunity. Boasting 100% occupancy with two tenants, the property features a strong anchor tenant, Octapharma Plasma, a national company with a long-term lease (9 years remaining, with two 5-year options and a 10% rent increase in 2029). Octapharma recently invested in significant interior improvements and extended their lease in 2023. The second tenant, Lucky's Pawn & Loan Shop, also enjoys a favorable lease with annual rent increases and renewal options, having completed interior renovations in 2024. The property benefits from a new roof (2020 with warranty) and a recently repaved parking lot (2021), further enhanced by three additional parking spaces added in 2024. Situated on a 1.19-acre lot with excellent visibility from Warden Road and US-67/US-167, the property enjoys high traffic counts (83,000+ vehicles daily on US-67 and 11,000 on Warden Road). The location offers convenient access to major thoroughfares, including Interstate-40 and downtown Little Rock (10 miles away), and is near numerous national retailers and CHI St. Vincent North Hospital (1.5 miles). The property's strong tenant base, favorable lease terms, recent improvements, and prime location make it an attractive investment with an 8% cap rate and a Net Operating Income (NOI) of $161,442. The property is zoned commercial and features multiple points of ingress and egress. APN: 23N-002-00-003-00. Asking price: $2,018,000.