12700 Chenal Parkway
Little Rock, AR
Price:
$2400000
Cap Rate:
5.00%
NOI:
$120,000
Building Size:
Approx. 3060 Sq. Ft.
Lot Size:
Approx. 0.98 Acres
Type:
Single-Tenant / Retail
Sub Category:
Casual Dining
Year Built:
2015
Investment Overview
- New Construction | 3,060 SF building on .98+ acres
- 15-Yr Corp Sale-Leaseback, Absolute NNN w/ 10% Rent Bumps Every 5-Yrs
- Located along Chenal Parkway (34,000 Cars / Day), just W of W Markham St (21,000 Car / Day)
- Outpad to Target | Near Home Depot, Walmart, Sam’s Club, LA Fitness, Chick-Fil-A, Burger King, Kroger, & Starbucks
- 8 Miles W of The Promenade at Chenal (Upscale Lifestyle Center) | 4.5-Miles E of Park Plaza Mall (562,400 SF)
- Major Employers: State of Arkansas (32,200 Empl.), University of Arkansas for Medical Sciences (8,500 Empl.)
- Baptist Health (7,000 Empl.), Little Rock Air Force Base (4,500 Empl.), Acxiom (4,380 Empl.), Entergy Arkansas (2,740 Empl.)
- 5-Mile 2015 Estimated Population 113,807 | 3-Mile Average Household Income: $65,106
- Little Rock – North Little Rock – Conway (CSA): 15th Largest MSA in the south | Population: 902,443