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Single-Tenant Office Medical

Cardinal Health (NYSE: CAH) - Global Manufacturer and Distributor of Medical Products | Little Rock

215 Markham Center Dr, Little Rock, AR 72205

Listing Price: $1,318,000

Cap Rate
7.00%
Tenant Name
Cardinal Health (NYSE: CAH)
Years Remaining On Lease
10.0
Gross SF
4,505
Guarantor
Corporate Guarantee
Rentable SF
4,505
Price/Gross SF
$292.56
Lease Type
Double Net
Rent Per Square Feet
$20.48

Investment Overview

Little Rock serves as the capital and largest city of Arkansas, anchoring the Little Rock–North Little Rock–Conway Metropolitan Statistical Area, home to approximately 770,000 residents and a total metro employment base that recently reached a record 380,000 jobs — up nearly 40,000 from 2020. The Federal Reserve Bank of St. Louis ranks the Little Rock metro second among peer cities — including Nashville, Memphis, Birmingham, and Kansas City — in five-year GDP growth, reflecting a broad-based economic expansion that spans healthcare, government, finance, logistics, and corporate services.

As the seat of state government, Little Rock benefits from an inherently stable public-sector employment base, with state government comprising the single largest employment sector in the metro. This is reinforced by one of the most concentrated healthcare ecosystems in the American South. UAMS, the state's largest public employer with over 12,000 employees, generates several billion dollars in annual economic impact, and anchors a medical corridor that also includes Baptist Health, CHI St. Vincent Infirmary, Arkansas Children's Hospital, and the Central Arkansas Veterans Healthcare System — all within the same 72205 zip code or immediately adjacent to it.

The corporate sector adds further depth. Several well-known companies headquartered in Little Rock include Fortune 500 retailer Dillard's, Windstream Communications, and Stephens Inc., one of the largest privately held investment banks in the United States. Forty percent of the nation's population and buying power falls within a 550-mile radius of Little Rock, and the city sits at the convergence of Interstates 30 and 40, providing unmatched regional distribution and accessibility. Together, these fundamentals establish Little Rock as one of the most economically resilient and institutionally anchored markets in the Mid-South.

Investment Highlights

  • 10 Year Lease Featuring 2% Annual Rental Increases throughout the Initial Term & Options. Cardinal Health has Occupied the Facility since 1994, Signifying Dedication to the Property for over 30 Years.
  • The Area Enjoys the Densest Daytime Population in the State thanks to four Hospitals, more than 1 Million Sq.ft. of Retail and more than 500k Sq.ft. of Medical Office Space all within 4 miles.
  • Investment-Grade Tenant and Exceptional Credit & Corporate Stature - Cardinal Health (NYSE: CAH), a Fortune 500 company generating $223 billion in revenue, holds investment-grade BBB credit ratings.
  • Epicenter of Arkansas's Premier Medical District - Strategically Positioned within the 72205 Zip Code, the Single Most Hospital-Dense Zip Code in Arkansas, Placing the Property at the Heart of the State's Dominant Healthcare Ecosystem and Referral Network.
  • Approximately 2.6 Miles from UAMS - Arkansas's Only Academic Health Sciences University and Largest Public Employer. UAMS Employs over 12,000 People and Generates Several Billion Dollars in Annual Statewide Economic Impact.
  • Down the Street from Baptist Health Medical Center - Little Rock's Largest Private, Not-for-Profit, Faith-Based Hospital, Operating 827 Licensed Beds, and Serving as the Flagship of the Baptist Health System with a Level II Trauma Center.
  • Minutes from CHI St. Vincent Infirmary Medical Center - a 600-Bed, 6,000+ Employees Acute-Care Hospital and Facility dedicated in High Quality, Compassionate Care Serving the Health Care needs of Arkansans, including Patients from all 75 Counties.
  • On-Corridor with the Central Arkansas Veterans Healthcare System - One of the Country's Largest and Busiest VA Medical Centers, CAVHS Operates Two Main Hospitals and Supports over 1,500 Students and Residents across 65 Educational Programs. Densely Populated and Affluent Area: Features an Average Household Income of $100k+ within a 3-Mile Radius and over 134k People Residing within a 5-Mile Radius. Metro Little Rock Total Employment Exceeds 385k with Continued Job Growth Projected.

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

Single-Tenant Office Medical

Cardinal Health (NYSE: CAH) - Global Manufacturer and Distributor of Medical Products | Little Rock

Listing Price: $1,318,000

Cap Rate
7.00%
Tenant Name
Cardinal Health (NYSE: CAH)
Years Remaining On Lease
10.0
Gross SF
4,505
Guarantor
Corporate Guarantee
Rentable SF
4,505
Price/Gross SF
$292.56
Lease Type
Double Net
Rent Per Square Feet
$20.48

Investment Highlights

  • 10 Year Lease Featuring 2% Annual Rental Increases throughout the Initial Term & Options. Cardinal Health has Occupied the Facility since 1994, Signifying Dedication to the Property for over 30 Years.
  • The Area Enjoys the Densest Daytime Population in the State thanks to four Hospitals, more than 1 Million Sq.ft. of Retail and more than 500k Sq.ft. of Medical Office Space all within 4 miles.
  • Investment-Grade Tenant and Exceptional Credit & Corporate Stature - Cardinal Health (NYSE: CAH), a Fortune 500 company generating $223 billion in revenue, holds investment-grade BBB credit ratings.
  • Epicenter of Arkansas's Premier Medical District - Strategically Positioned within the 72205 Zip Code, the Single Most Hospital-Dense Zip Code in Arkansas, Placing the Property at the Heart of the State's Dominant Healthcare Ecosystem and Referral Network.
  • Approximately 2.6 Miles from UAMS - Arkansas's Only Academic Health Sciences University and Largest Public Employer. UAMS Employs over 12,000 People and Generates Several Billion Dollars in Annual Statewide Economic Impact.
  • Down the Street from Baptist Health Medical Center - Little Rock's Largest Private, Not-for-Profit, Faith-Based Hospital, Operating 827 Licensed Beds, and Serving as the Flagship of the Baptist Health System with a Level II Trauma Center.
  • Minutes from CHI St. Vincent Infirmary Medical Center - a 600-Bed, 6,000+ Employees Acute-Care Hospital and Facility dedicated in High Quality, Compassionate Care Serving the Health Care needs of Arkansans, including Patients from all 75 Counties.
  • On-Corridor with the Central Arkansas Veterans Healthcare System - One of the Country's Largest and Busiest VA Medical Centers, CAVHS Operates Two Main Hospitals and Supports over 1,500 Students and Residents across 65 Educational Programs. Densely Populated and Affluent Area: Features an Average Household Income of $100k+ within a 3-Mile Radius and over 134k People Residing within a 5-Mile Radius. Metro Little Rock Total Employment Exceeds 385k with Continued Job Growth Projected.

Investment Overview

Little Rock serves as the capital and largest city of Arkansas, anchoring the Little Rock–North Little Rock–Conway Metropolitan Statistical Area, home to approximately 770,000 residents and a total metro employment base that recently reached a record 380,000 jobs — up nearly 40,000 from 2020. The Federal Reserve Bank of St. Louis ranks the Little Rock metro second among peer cities — including Nashville, Memphis, Birmingham, and Kansas City — in five-year GDP growth, reflecting a broad-based economic expansion that spans healthcare, government, finance, logistics, and corporate services. As the seat of state government, Little Rock benefits from an inherently stable public-sector employment base, with state government comprising the single largest employment sector in the metro. This is reinforced by one of the most concentrated healthcare ecosystems in the American South. UAMS, the state's largest public employer with over 12,000 employees, generates several billion dollars in annual economic impact, and anchors a medical corridor that also includes Baptist Health, CHI St. Vincent Infirmary, Arkansas Children's Hospital, and the Central Arkansas Veterans Healthcare System — all within the same 72205 zip code or immediately adjacent to it. The corporate sector adds further depth. Several well-known companies headquartered in Little Rock include Fortune 500 retailer Dillard's, Windstream Communications, and Stephens Inc., one of the largest privately held investment banks in the United States. Forty percent of the nation's population and buying power falls within a 550-mile radius of Little Rock, and the city sits at the convergence of Interstates 30 and 40, providing unmatched regional distribution and accessibility. Together, these fundamentals establish Little Rock as one of the most economically resilient and institutionally anchored markets in the Mid-South.

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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