10321 Colonel Glenn RdLittle Rock, AR 72204

Property Details for 10321 Colonel Glenn Rd

Year built

2019

Lot size

1.54 AC

Property size (Sq ft)

4,200 SF

Property type

Grocery and convenience stores

APN

44L-144-09-001-00

APU

44L1440900100

Description

This exceptional investment opportunity presents a 4,200 square foot Circle K convenience store located at 10321 Colonel Glenn Rd, Little Rock, AR 72204. Situated on approximately 1.54 acres of commercially zoned land (APN: 44L1440900100), this property boasts a prime location in a rapidly developing area of Little Rock, near major auto dealerships and the new Top Golf facility. The building, constructed in February 2019, is currently under a single-tenant, absolute NNN lease with Gas Express LLC, the largest Circle K franchisee in the United States, with over 200 locations nationwide. The lease, commencing February 15, 2019, and expiring August 31, 2040, has a remaining term of approximately 15.8 years. The lease includes a 10% rent escalation every five years, ensuring consistent income growth. The property generates a substantial net operating income (NOI) of $268,012, resulting in a 6.00% cap rate. The asking price is $4,466,878, translating to $1,063.54 per square foot. This investment benefits from IRS Section 1250 accelerated depreciation for retail motor fuel outlets. The property's strategic location within a high-density, growing multi-family residential area and its proximity to major retail brands ensures strong visibility and consistent customer traffic. This is a rare opportunity to acquire a high-performing, low-maintenance asset with significant long-term growth potential.

Location Insight

City

Little Rock

County

Pulaski

State

Arkansas

Latitude

34.7118

Longitude

-92.391

CBSA code

30780

CBSA name

LITTLE ROCK-NORTH LITTLE ROCK, AR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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