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Shopping Neighborhood

Rose City Shopping Center

4109 E Broadway St, North Little Rock, AR 72117

Listing Price: $1,500,000

Cap Rate
5.61%
Gross SF
80,681
Rentable SF
80,681
Price/Gross SF
$18.59
Lot Size
8.79 acres
Year Built
1973

Investment Overview

Marcus and Millichap proudly presents an exceptional chance to acquire the Rose City Shopping Center located in North Little Rock, Arkansas. Situated with direct frontage on E BroadwaySt. boasting 14,000 VPD, and catering to a population of 127,664 within a 5-mile radius, this property holds immense potential. Featuring a diverse mix of national and regional tenants, Rose City Shopping Center offers a synergistic tenant roster. Whether you're a seasoned investor or a newcomer to the market, this asset is an attractive opportunity, being offered significantly below replacement cost. There's immediate potential for value addition through leasing the vacant suite and strategically repositioning the lease structure for remaining tenants.

Investment Highlights

  • Value-Add Opportunity With Below Market Rents
  • Ownership has Invested Over $500,000 In Recent Upgrades To The Center
  • Offered at $18.60 Per Square Foot | Well Below Replacement Cost
  • Short Term Lease Structure Allows For Immediate Upside Recognition

Exclusively Listed By

Broker of Record

  • Steve Greer

    Senior Director Investments

    (225) 376-6729

    License(s) AR: PB00098133

    Arkansas

Shopping Neighborhood

Rose City Shopping Center

Listing Price: $1,500,000

Cap Rate
5.61%
Gross SF
80,681
Rentable SF
80,681
Price/Gross SF
$18.59
Lot Size
8.79 acres
Year Built
1973

Investment Highlights

  • Value-Add Opportunity With Below Market Rents
  • Ownership has Invested Over $500,000 In Recent Upgrades To The Center
  • Offered at $18.60 Per Square Foot | Well Below Replacement Cost
  • Short Term Lease Structure Allows For Immediate Upside Recognition

Investment Overview

Marcus and Millichap proudly presents an exceptional chance to acquire the Rose City Shopping Center located in North Little Rock, Arkansas. Situated with direct frontage on E BroadwaySt. boasting 14,000 VPD, and catering to a population of 127,664 within a 5-mile radius, this property holds immense potential. Featuring a diverse mix of national and regional tenants, Rose City Shopping Center offers a synergistic tenant roster. Whether you're a seasoned investor or a newcomer to the market, this asset is an attractive opportunity, being offered significantly below replacement cost. There's immediate potential for value addition through leasing the vacant suite and strategically repositioning the lease structure for remaining tenants.

Exclusively Listed By

Broker of Record

  • Steve Greer

    Senior Director Investments

    (225) 376-6729

    License(s): AR: PB00098133

    Arkansas

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