12206 Markham StLittle Rock, AR 72211

Property Details for 12206 Markham St

Year built

2016

Lot size

0.77 AC

Property size (Sq ft)

5,270 SF

Property type

Retail properties

Property subtype

Turn key restaurants

APN

44L-062-16-002-02

APU

44L0621600202

Description

This exceptional investment opportunity presents a fully occupied, freestanding Class B retail building situated at 12206 W Markham St in Little Rock, Arkansas. The 10,000 square foot property, built in 1998 and renovated in 2003, sits on a 3-acre lot and boasts 175 parking spaces. Currently leased to Metro Wine & Spirits and Jimmy John's, this restaurant property benefits from high visibility due to its 218-foot frontage on W Markham Street, a major thoroughfare with 21,000 vehicles per day. The property's strategic location is further enhanced by its proximity to a dense concentration of national retailers, including Walmart, Sam's Club, Home Depot, Lowe's, Target, Whole Foods, Trader Joe's, Academy Sports + Outdoors, Hobby Lobby, Best Buy, Barnes & Noble, Ulta, Old Navy, Petco, PetSmart, Esporta, Chick-fil-a, and Chili's. The high traffic counts on W Markham St (21,000 VPD) and nearby Chenal Parkway (41,000 VPD) ensure significant exposure and potential for strong returns. The asking price is $2,800,000, representing a price per square foot of $280. This property offers a compelling combination of strong tenants, prime location, and high visibility, making it an ideal addition to any investment portfolio. The zip code is 72211, and the property is located in Pulaski County.

• CAP approach

  CAP return

  Valuation

  6%

  $1,231,383

  6.5%

  $1,136,661

  7%

  $1,055,471

• Comparable approach

  Method

  Valuation

  Relative Method

  $949,947

  Geo Method

  $949,947

• Alternative Use

  Use

  Valuation

  Residential

  $958,816

  Hospitality

  $878,270

  Educational

  $730,711

  Medical

  $755,841

  Retail

  $1,136,661

Location Insight

City

Little Rock

County

Pulaski

State

Arkansas

Latitude

34.7545

Longitude

-92.4112

CBSA code

30780

CBSA name

LITTLE ROCK-NORTH LITTLE ROCK, AR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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