Little Rock, AR

Price: $ 5,775,466
CAP Rate: 9.00%
NOI: $ 43,317
Lease Term Remaining Before Options: 8 Years 3 Months
Investment Highlights
  • In the past 5 years, 691 multi-family units, including the 331-unit 'Fitzroy Promenade', have been built in the immediate 2- mile radius. In addition, the 34-acre 'Crossroads at Chenal' mixed-use development is set to be completed this year.
  • There is 2.7 million square feet of retail space in a 2-mile radius. Located 1 mile north of the subject property is the Promenade at Chenal, a 306,000 sf open-air lifestyle center which is home to popular retailers such as Apple, Lululemon, DSW, and Homegoods.
  • Frontage on Chenal Parkway (39,000 VPD) and Wellington Hills Road (5,905 VPD).
  • Subject property is located in a dense affluent area with average household income of over $121,000 and a population of more than 45,000 residents in a 3-mile radius.
  • Within a 4-mile radius there are three major hospitals with a combined bed count of over 1,066 beds.
Offering Summary
Price: $ 5,775,466
CAP Rate: 9.00%
NOI: $ 43,317
Lease Term Remaining Before Options: 8 Years 3 Months