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Shopping Strip

Sleep Number & Panda Express w/ Drive-Thru | College Town | High Quality Construction

811 E Oak St, Conway (Little Rock MSA), AR 72032

Listing Price: $4,202,380

Cap Rate
5.43%
Gross SF
4,700
Rentable SF
4,700
Price/Gross SF
$894.12
Lot Size
0.67 acres
Year Built
2019

Investment Overview

Conway is a city in the U.S. state of Arkansas and the county seat of Faulkner County, located in the state's most populous Metropolitan Statistical Area, Central Arkansas. Although considered a suburb of Little Rock, Conway is unusual in that the majority of its residents do not commute out of the city to work. The city also serves as a regional shopping, educational, work, healthcare, sports, and cultural hub for Faulkner County and surrounding areas. Conway's growth can be attributed to its jobs in technology and higher education; among its largest employers being Acxiom, the University of Central Arkansas, Hendrix College, Insight Enterprises, and many technology start up companies. Conway is home to three post-secondary educational institutions, earning it the nickname "The City of Colleges". As of the 2010 census, the city proper had a total population of 58,908, making Conway the eighth-largest city in Arkansas. Central Arkansas, the Little Rock–North Little Rock–Conway, AR Metropolitan Statistical Area, is ranked 75th largest in the United States with 734,622 people in 2016. Conway is part of the larger Little Rock–North Little Rock, AR Combined Statistical Area, which in 2016 had a population of 905,847, and ranked the country's 60th largest CSA.

Investment Highlights

  • 100% Occupied 2-Tenant Strip Featuring NNN Leases with 10% Rental Increases Every 5 Years Throughout the Initial Term and Options. Corporate Synergistic Tenant Mix. Rare Panda Express Leased Asset.
  • Immediately Adjacent to the Signalized Intersection and Easily Accessible to Traffic moving in Both Directions on East Oak Street and Traffic coming from the Interstate 40 Offramp.
  • The Surrounding Area's Population increases during the Day, with more than 7k Daytime Employees working within one Mile of the Property.
  • Strategically Located at Conway's Busiest Intersection, the Interchange of East Oak Street and Interstate 40. Outpositions other Retailers at the Intersection.
  • Located in Conway's Densest Retail Corridor. Near Numerous National Retailers including Walmart Supercenter, Lowe's, Kroger, Hobby Lobby, Big Lots, Tractor Supply, CVS, Walgreens and many more.
  • Close to Central Landing - a 151-Acre Mixed-Use Redevelopment that will include a $70M 339-Unit Luxury Apartment Complex and a Large Retail Center.
  • Walking Distance from Conway Commons - a 654k+ SF Regional Shopping Hub featuring more than 43 Stores Anchored by Home Depot, Target, Kohl's, PetSmart, Best Buy, Dick's Sporting Goods and many more. Minutes from University of Central Arkansas - The University is of the oldest in Arkansas. It has 12k+ Graduate and Undergraduate Students, making it one of the Largest Universities in the State.
  • Booming Conway Market - Ranked by CNN Among Top 25 Cities for Job Growth, 14th Best City for Young Professionals by Forbes, 100 Leading Locations: Nearly 41% Growth Since 2000.

Exclusively Listed By

Broker of Record

  • Anne Williams

    First Vice President Investments

    (901) 486-4376

    License(s) AR: PB00066390

    Arkansas

Shopping Strip

Sleep Number & Panda Express w/ Drive-Thru | College Town | High Quality Construction

Listing Price: $4,202,380

Cap Rate
5.43%
Gross SF
4,700
Rentable SF
4,700
Price/Gross SF
$894.12
Lot Size
0.67 acres
Year Built
2019

Investment Highlights

  • 100% Occupied 2-Tenant Strip Featuring NNN Leases with 10% Rental Increases Every 5 Years Throughout the Initial Term and Options. Corporate Synergistic Tenant Mix. Rare Panda Express Leased Asset.
  • Immediately Adjacent to the Signalized Intersection and Easily Accessible to Traffic moving in Both Directions on East Oak Street and Traffic coming from the Interstate 40 Offramp.
  • The Surrounding Area's Population increases during the Day, with more than 7k Daytime Employees working within one Mile of the Property.
  • Strategically Located at Conway's Busiest Intersection, the Interchange of East Oak Street and Interstate 40. Outpositions other Retailers at the Intersection.
  • Located in Conway's Densest Retail Corridor. Near Numerous National Retailers including Walmart Supercenter, Lowe's, Kroger, Hobby Lobby, Big Lots, Tractor Supply, CVS, Walgreens and many more.
  • Close to Central Landing - a 151-Acre Mixed-Use Redevelopment that will include a $70M 339-Unit Luxury Apartment Complex and a Large Retail Center.
  • Walking Distance from Conway Commons - a 654k+ SF Regional Shopping Hub featuring more than 43 Stores Anchored by Home Depot, Target, Kohl's, PetSmart, Best Buy, Dick's Sporting Goods and many more. Minutes from University of Central Arkansas - The University is of the oldest in Arkansas. It has 12k+ Graduate and Undergraduate Students, making it one of the Largest Universities in the State.
  • Booming Conway Market - Ranked by CNN Among Top 25 Cities for Job Growth, 14th Best City for Young Professionals by Forbes, 100 Leading Locations: Nearly 41% Growth Since 2000.

Investment Overview

Conway is a city in the U.S. state of Arkansas and the county seat of Faulkner County, located in the state's most populous Metropolitan Statistical Area, Central Arkansas. Although considered a suburb of Little Rock, Conway is unusual in that the majority of its residents do not commute out of the city to work. The city also serves as a regional shopping, educational, work, healthcare, sports, and cultural hub for Faulkner County and surrounding areas. Conway's growth can be attributed to its jobs in technology and higher education; among its largest employers being Acxiom, the University of Central Arkansas, Hendrix College, Insight Enterprises, and many technology start up companies. Conway is home to three post-secondary educational institutions, earning it the nickname "The City of Colleges". As of the 2010 census, the city proper had a total population of 58,908, making Conway the eighth-largest city in Arkansas. Central Arkansas, the Little Rock–North Little Rock–Conway, AR Metropolitan Statistical Area, is ranked 75th largest in the United States with 734,622 people in 2016. Conway is part of the larger Little Rock–North Little Rock, AR Combined Statistical Area, which in 2016 had a population of 905,847, and ranked the country's 60th largest CSA.

Exclusively Listed By

Broker of Record

  • Anne Williams

    First Vice President Investments

    (901) 486-4376

    License(s): AR: PB00066390

    Arkansas

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