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Miscellaneous

Sherwin Williams | Prime West Little Rock | Recent Option Exercised | 40 Year Historical Occupancy

106 Markham Park Dr, Little Rock, AR 72211

Listing Price: $1,537,536

Cap Rate
6.25%
Tenant Name
Sherwin Williams
Years Remaining On Lease
5.2
Gross SF
5,689
Guarantor
Corporate Guarantee
Rentable SF
5,689
Price/Gross SF
$270.26
Lease Type
Double Net
Rent Per Square Feet
$16.89

Investment Overview

Little Rock, the capital and largest city in Arkansas, serves as the state’s commercial, medical, and cultural hub. With a population exceeding 200,000 in the city and more than 750,000 in the metropolitan area, Little Rock offers a balanced mix of economic stability, strong demographics, and long-term growth drivers. The metro is home to major employers in healthcare, government, education, and logistics, supporting steady demand for retail, housing, and services.

The property is located in West Little Rock, one of the city’s most affluent and rapidly growing submarkets. The surrounding trade area boasts median household incomes well above the metro average and a dense residential base anchored by established neighborhoods such as Chenal Valley, Pleasant Valley, and Rock Creek. The area is recognized for its high quality of life, strong homeownership rates, and ongoing housing turnover that consistently fuels renovation and home improvement spending.

Markham Street and Bowman Road, the primary retail corridors serving West Little Rock, feature a diverse mix of national tenants including Kroger, Home Depot, Lowe’s, Walmart, and Sam’s Club. Recent city-backed infrastructure investments, including the Markham Street “Road Diet” project, will enhance the corridor with improved sidewalks, landscaping, and pedestrian access, further solidifying the trade area as a premier retail destination.

The site also benefits from its proximity to major medical centers such as Baptist Health and Arkansas Heart Hospital, as well as the University of Arkansas at Little Rock, which continues to grow enrollment. These drivers, combined with excellent highway access via I-430 and I-630, ensure long-term traffic and sustained demand for retail.

Investment Highlights

  • Recent Option Exercised and Near 40 Year Historical Occupancy Demonstrating Strong Commitment to the Location. Lease Features a 10% Rental Increase at the First Option.
  • Sherwin Williams (NYSE: SHW) features Investment Grade Credit Rating "BBB" by S&P's & Annual Revenue Exceeding $23.1B (Largest Coatings Company in the World by Revenue).
  • Prime Location in West Little Rock Trade Area - Strategically Positioned along Markham Park Drive. This Site benefits from High Visibility and Strong Vehicular Traffic.
  • Immediate Access to Both I-630, Little Rock's Primary East–West Corridor, and I-430, the City's North–Aouth Loop, ensuring Excellent Connectivity for Customers, Contractors, and Suppliers Across the Metropolitan Area and Surrounding Arkansas Submarkets.
  • West Little Rock Employment and Commercial Hub - The Area is a Core Employment Center with Nearby Medical Offices, Professional Services, and Retail Employment, drawing Thousands of Workers Daily and Providing Supplemental Daytime Demand.
  • Densely Populated and Affluent Area: Features an Average Household Income of more than $94k within a 3-Mile Radius and over 124k People Residing within a 5-Mile Radius.
  • The Site Benefits from its Close Proximity to Downtown Little Rock - Home to a Variety of Museums, Theaters, Music Venues, and Restaurants, Providing Residents and Visitors with a Wide Range of Activities to Enjoy.
  • Minutes from Baptist Health Medical Center Little Rock - Arkansas' Largest Hospital, with 843 Inpatient Beds. It is the Flagship Hospital Campus of health system Baptist Health. Within an Academy Sports, Michaels and Planet Fitness Retail Center and near to Numerous other National Retailers including Target, Home Depot, Hobby Lobby, Walmart Supercenter, Sam's Club and many more.

Exclusively Listed By

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3184

    Email Alvin

    License(s): CA: 01391653, TX: 0606255

    San Diego Downtown

  • Jon Talia

    Managing Director Investments

    (858) 373-3186

    Email Jon

    License(s): CA: 02031343

    San Diego Downtown

Broker of Record

  • Steve Greer

    Senior Director Investments

    (225) 376-6729

    License(s) AR: PB00098133

    Arkansas

Miscellaneous

Sherwin Williams | Prime West Little Rock | Recent Option Exercised | 40 Year Historical Occupancy

Listing Price: $1,537,536

Cap Rate
6.25%
Tenant Name
Sherwin Williams
Years Remaining On Lease
5.2
Gross SF
5,689
Guarantor
Corporate Guarantee
Rentable SF
5,689
Price/Gross SF
$270.26
Lease Type
Double Net
Rent Per Square Feet
$16.89

Investment Highlights

  • Recent Option Exercised and Near 40 Year Historical Occupancy Demonstrating Strong Commitment to the Location. Lease Features a 10% Rental Increase at the First Option.
  • Sherwin Williams (NYSE: SHW) features Investment Grade Credit Rating "BBB" by S&P's & Annual Revenue Exceeding $23.1B (Largest Coatings Company in the World by Revenue).
  • Prime Location in West Little Rock Trade Area - Strategically Positioned along Markham Park Drive. This Site benefits from High Visibility and Strong Vehicular Traffic.
  • Immediate Access to Both I-630, Little Rock's Primary East–West Corridor, and I-430, the City's North–Aouth Loop, ensuring Excellent Connectivity for Customers, Contractors, and Suppliers Across the Metropolitan Area and Surrounding Arkansas Submarkets.
  • West Little Rock Employment and Commercial Hub - The Area is a Core Employment Center with Nearby Medical Offices, Professional Services, and Retail Employment, drawing Thousands of Workers Daily and Providing Supplemental Daytime Demand.
  • Densely Populated and Affluent Area: Features an Average Household Income of more than $94k within a 3-Mile Radius and over 124k People Residing within a 5-Mile Radius.
  • The Site Benefits from its Close Proximity to Downtown Little Rock - Home to a Variety of Museums, Theaters, Music Venues, and Restaurants, Providing Residents and Visitors with a Wide Range of Activities to Enjoy.
  • Minutes from Baptist Health Medical Center Little Rock - Arkansas' Largest Hospital, with 843 Inpatient Beds. It is the Flagship Hospital Campus of health system Baptist Health. Within an Academy Sports, Michaels and Planet Fitness Retail Center and near to Numerous other National Retailers including Target, Home Depot, Hobby Lobby, Walmart Supercenter, Sam's Club and many more.

Investment Overview

Little Rock, the capital and largest city in Arkansas, serves as the state’s commercial, medical, and cultural hub. With a population exceeding 200,000 in the city and more than 750,000 in the metropolitan area, Little Rock offers a balanced mix of economic stability, strong demographics, and long-term growth drivers. The metro is home to major employers in healthcare, government, education, and logistics, supporting steady demand for retail, housing, and services. The property is located in West Little Rock, one of the city’s most affluent and rapidly growing submarkets. The surrounding trade area boasts median household incomes well above the metro average and a dense residential base anchored by established neighborhoods such as Chenal Valley, Pleasant Valley, and Rock Creek. The area is recognized for its high quality of life, strong homeownership rates, and ongoing housing turnover that consistently fuels renovation and home improvement spending. Markham Street and Bowman Road, the primary retail corridors serving West Little Rock, feature a diverse mix of national tenants including Kroger, Home Depot, Lowe’s, Walmart, and Sam’s Club. Recent city-backed infrastructure investments, including the Markham Street “Road Diet” project, will enhance the corridor with improved sidewalks, landscaping, and pedestrian access, further solidifying the trade area as a premier retail destination. The site also benefits from its proximity to major medical centers such as Baptist Health and Arkansas Heart Hospital, as well as the University of Arkansas at Little Rock, which continues to grow enrollment. These drivers, combined with excellent highway access via I-430 and I-630, ensure long-term traffic and sustained demand for retail.

Exclusively Listed By

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3184

    Email Alvin

    License(s): CA: 01391653, TX: 0606255

    San Diego Downtown

  • Jon Talia

    Managing Director Investments

    (858) 373-3186

    Email Jon

    License(s): CA: 02031343

    San Diego Downtown

Broker of Record

  • Steve Greer

    Senior Director Investments

    (225) 376-6729

    License(s): AR: PB00098133

    Arkansas

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