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Department Store

Kohls Department Store

13909 Chenal Pkwy, Little Rock, AR 72211

Listing Price: $8,885,000

Cap Rate
7.20%
Tenant Name
Kohl's Department Stores, Inc.
Years Remaining On Lease
2.0
Guarantor
Corporate Guarantee
Rentable SF
88,248
Lease Type
Absolute Net
Rent Per Square Feet
$7.25

Investment Overview

Marcus & Millichap is pleased to present this Kohl’s department store located at 13909 Chenal Parkway in Little Rock, Arkansas. The triple-net (NNN) lease has just under three years remaining with six, five-year option periods. The subject property was built in 2003 and is 88,248 square feet. It is situated on a 9.82 acre corner of Chenal Parkway and Oak Meadow Drive with ±60,000 vehicles per day. The Kohl’s in Little Rock is located right off Interstate-430, which is traveled by more than 85,000 vehicles per day. The subject property is in the center of a busy retail area with surrounding national retailers that include Home Depot, Bed Bath & Beyond, Kroger, Target, Walmart, Sam’s Club, Walgreens, Best Buy, Romano’s Macaroni Grill, Applebee’s, Outback Steakhouse, Toys R Us, Barnes & Noble and many, many more. Within close proximately is The Promenade at Chenal, which offers a variety of upscale national, regional and local merchants. Little Rock is the capital and most populous city in the state of Arkansas and is the county seat of Pulaski County. Little Rock is a major cultural, economic, government and transportation center within Arkansas.

Investment Highlights

  • Absolute Triple-Net (NNN) – Zero Landlord Responsibilities
  • Just Under Three Years Remaining on the Lease
  • Six, Five-Year Options with Increases
  • Strong Corporate Guarantor – "BBB-" Standard & Poor's Rating
  • Strong Demographics - High Number of Affluent Households
  • Over ±85,000 Vehicles per Day on Nearby Interstate-430
  • Located in Dense Shopping Center Region

Exclusively Listed By

Broker of Record

  • Anne Williams

    First Vice President Investments

    (901) 486-4376

    License(s) AR: PB00066390

    Arkansas

Department Store

Kohls Department Store

Listing Price: $8,885,000

Cap Rate
7.20%
Tenant Name
Kohl's Department Stores, Inc.
Years Remaining On Lease
2.0
Guarantor
Corporate Guarantee
Rentable SF
88,248
Lease Type
Absolute Net
Rent Per Square Feet
$7.25

Investment Highlights

  • Absolute Triple-Net (NNN) – Zero Landlord Responsibilities
  • Just Under Three Years Remaining on the Lease
  • Six, Five-Year Options with Increases
  • Strong Corporate Guarantor – "BBB-" Standard & Poor's Rating
  • Strong Demographics - High Number of Affluent Households
  • Over ±85,000 Vehicles per Day on Nearby Interstate-430
  • Located in Dense Shopping Center Region

Investment Overview

Marcus & Millichap is pleased to present this Kohl’s department store located at 13909 Chenal Parkway in Little Rock, Arkansas. The triple-net (NNN) lease has just under three years remaining with six, five-year option periods. The subject property was built in 2003 and is 88,248 square feet. It is situated on a 9.82 acre corner of Chenal Parkway and Oak Meadow Drive with ±60,000 vehicles per day. The Kohl’s in Little Rock is located right off Interstate-430, which is traveled by more than 85,000 vehicles per day. The subject property is in the center of a busy retail area with surrounding national retailers that include Home Depot, Bed Bath & Beyond, Kroger, Target, Walmart, Sam’s Club, Walgreens, Best Buy, Romano’s Macaroni Grill, Applebee’s, Outback Steakhouse, Toys R Us, Barnes & Noble and many, many more. Within close proximately is The Promenade at Chenal, which offers a variety of upscale national, regional and local merchants. Little Rock is the capital and most populous city in the state of Arkansas and is the county seat of Pulaski County. Little Rock is a major cultural, economic, government and transportation center within Arkansas.

Exclusively Listed By

Broker of Record

  • Anne Williams

    First Vice President Investments

    (901) 486-4376

    License(s): AR: PB00066390

    Arkansas

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