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Shopping Strip

The Shoppes at Colonel Glenn

10815 Colonel Glenn Rd, Little Rock, AR 72204

Listing Price: $6,435,000

Cap Rate
7.00%
Gross SF
17,889
Rentable SF
17,889
Price/Gross SF
$359.72
Lot Size
3.21 acres
Year Built
2014

Investment Overview

Marcus & Millichap, as exclusive advisor, is pleased to present the opportunity to acquire a 100% fee simple interest in the Shoppes at Colonel Glenn (“The Property”), 17,899 square-foot Class “A” “Medtail” center located in Little Rock, AR.

The multi-tenant medical and retail center features a long-term lease from the University of Arkansas Medical System (UAMS) which occupies 83% of the center, accompanied by Domino’s and AR Donuts.

Built in 2014, the property features a high-end brick & stone façade, carefully groomed landscaping, zero-deferred-maintenance, and 8-years remaining on the roof warranty. The investment also provides excellent stability with over 11 years of weighted average lease term remaining and contractual rent increases that will drive organic NOI growth for a new owner.

The Property is ideally positioned in West Little Rock, a dense and affluent demographic locale within the Little Rock suburbs. The Property boasts average household incomes north of $100,000 within a 1-mile radius and a population of more than 130,000 residents within 5-miles. Additionally, Baptist Health Medical, the largest hospital in Arkansas, is situated just 2 miles away from the Property.

Strategically situated off the exit of I-430, less than a 10-minute drive from downtown Little Rock, the center features direct frontage and convenient access along one of Little Rock’s fastest growing retail corridors, with immediate visibility to more than 16,000 VPD.

The immediate trade area is host to an ever-increasing plethora of investment grade and national retailers including Top Golf (Built 2023), Main Event (Built 2024), Walmart, JCPenney, Starbucks (Built 2022), Wendy’s, Popeye’s, Taco Bell (Built 2023), Sonic, and many others.

The Property is offered free and clear of debt at a 7.0% cap rate totaling $6,435,000.

Investment Highlights

  • AFFLUENT LITTLE ROCK SUBURBS
  • EXCELLENT ACCESS & VISIBILITY
  • TREMENDOUS AREA GROWTH
  • LONG STANDING CORPORATE GRADE TENANTS

Exclusively Listed By

  • Chris Garavaglia

    First Vice President Investments

    (314) 889-2552

    Email Chris

    License(s): MO: 2015042068, NE: 20240127

    St. Louis

  • Alex Perez

    First Vice President Investments

    (314) 889-2525

    Email Alex

    License(s): MO: 2000163389 , NE: 20230231, IL: 475199830, AL: 000164341 - 0

    St. Louis

Broker of Record

  • Steve Greer

    First Vice President Investments

    (225) 376-6729

    License(s) AR: PB00098133

    Arkansas

Shopping Strip

The Shoppes at Colonel Glenn

Listing Price: $6,435,000

Cap Rate
7.00%
Gross SF
17,889
Rentable SF
17,889
Price/Gross SF
$359.72
Lot Size
3.21 acres
Year Built
2014

Investment Highlights

  • AFFLUENT LITTLE ROCK SUBURBS
  • EXCELLENT ACCESS & VISIBILITY
  • TREMENDOUS AREA GROWTH
  • LONG STANDING CORPORATE GRADE TENANTS

Investment Overview

Marcus & Millichap, as exclusive advisor, is pleased to present the opportunity to acquire a 100% fee simple interest in the Shoppes at Colonel Glenn (“The Property”), 17,899 square-foot Class “A” “Medtail” center located in Little Rock, AR. The multi-tenant medical and retail center features a long-term lease from the University of Arkansas Medical System (UAMS) which occupies 83% of the center, accompanied by Domino’s and AR Donuts. Built in 2014, the property features a high-end brick & stone façade, carefully groomed landscaping, zero-deferred-maintenance, and 8-years remaining on the roof warranty. The investment also provides excellent stability with over 11 years of weighted average lease term remaining and contractual rent increases that will drive organic NOI growth for a new owner. The Property is ideally positioned in West Little Rock, a dense and affluent demographic locale within the Little Rock suburbs. The Property boasts average household incomes north of $100,000 within a 1-mile radius and a population of more than 130,000 residents within 5-miles. Additionally, Baptist Health Medical, the largest hospital in Arkansas, is situated just 2 miles away from the Property. Strategically situated off the exit of I-430, less than a 10-minute drive from downtown Little Rock, the center features direct frontage and convenient access along one of Little Rock’s fastest growing retail corridors, with immediate visibility to more than 16,000 VPD. The immediate trade area is host to an ever-increasing plethora of investment grade and national retailers including Top Golf (Built 2023), Main Event (Built 2024), Walmart, JCPenney, Starbucks (Built 2022), Wendy’s, Popeye’s, Taco Bell (Built 2023), Sonic, and many others. The Property is offered free and clear of debt at a 7.0% cap rate totaling $6,435,000.

Exclusively Listed By

  • Chris Garavaglia

    First Vice President Investments

    (314) 889-2552

    Email Chris

    License(s): MO: 2015042068, NE: 20240127

    St. Louis

  • Alex Perez

    First Vice President Investments

    (314) 889-2525

    Email Alex

    License(s): MO: 2000163389 , NE: 20230231, IL: 475199830, AL: 000164341 - 0

    St. Louis

Broker of Record

  • Steve Greer

    First Vice President Investments

    (225) 376-6729

    License(s): AR: PB00098133

    Arkansas

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