10815 Colonel Glenn RdLittle Rock, AR 72204

Property Details for 10815 Colonel Glenn Rd

Year built

2014

Lot size

3.21 AC

Property size (Sq ft)

18,116 SF

Property type

Retail properties

Property subtype

Strip malls

APN

44L-143-09-002-00

APU

44L1430900200

Description

This exceptional Class A shopping center, The Shoppes at Colonel Glenn, presents a compelling investment opportunity in Little Rock, Arkansas. The 17,899 square foot property, built in 2014, sits on a 3.21-acre lot at 10815 Colonel Glenn Rd, offering convenient access to I-430 and benefiting from high traffic volume in a rapidly expanding area. Currently boasting 100% occupancy with four tenants, including the University of Arkansas for Medical Sciences (UAMS) under a new 15-year lease, this multi-tenant retail center provides a stable income stream. The property features a single, one-story building with five units and generates a Net Operating Income (NOI) of $450,000, representing a 6.92% cap rate. The asking price is $6,500,000. Its prime location near car dealerships, entertainment venues, and major shopping centers, combined with the strong anchor tenant and high traffic counts (nearly 88,000 vehicles per day on I-430), makes this an attractive prospect for investors seeking a stable, high-performing asset. This opportunity is particularly well-suited for those participating in a 1031 exchange.

• CAP approach

  CAP return

  Valuation

  6%

  $4,334,224

  6.5%

  $4,000,822

  7%

  $3,715,049

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,265,510

  Geo Method

  $3,265,510

• Alternative Use

  Use

  Valuation

  Residential

  $3,374,843

  Hospitality

  $3,091,338

  Educational

  $2,571,957

  Medical

  $2,660,410

  Retail

  $4,000,822

Location Insight

City

Little Rock

County

Pulaski

State

Arkansas

Latitude

34.712

Longitude

-92.3974

CBSA code

30780

CBSA name

LITTLE ROCK-NORTH LITTLE ROCK, AR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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