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Chenal Medical Pavilion Two 16115 Saint Vincent Way 42,636 SF 68% Leased Office Building Little Rock, AR 72223 $14,818,875 CAD ($347.57 CAD/SF)



INVESTMENT HIGHLIGHTS
- Offering is for the sale of the leasehold interest only (ground lease in place).
- Surrounded by Class A medical, retail, multifamily, and office users.
- Chenal Valley has an annual growth rate of 2.69%.
- 68.26% occupied Class A medical office building in West Little Rock.
- Adjacent to The Promenade at Chenal, a premier open-air shopping center, and surrounded by top tier businesses, medical hubs, and upscale living.
EXECUTIVE SUMMARY
The ±42,636 square foot property is surrounded by other Class A medical, retail, and office users and is anchored by a strong roster of healthcare tenants, including St. Vincent Breast & Mammography Screening Center, St. Vincent Imaging, Pinnacle Dermatology, Arkansas Pediatrics, and Edwards Family Dentistry.
The property is strategically positioned just off Chenal Parkway, which sees approximately 36,000 vehicles per day, and is less than five miles from Interstate 430. Additionally, the site is immediately adjacent to The Promenade at Chenal, one of Central Arkansas’ premier retail destinations, further supporting tenant demand and long-term occupancy.
PROPERTY FACTS
AMENITIES
- Signage
- Wheelchair Accessible
- Monument Signage
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
Arkansas Pediatric Clinic is a privately held pediatric healthcare practice founded to offer comprehensive medical services to children from infancy through adolescence across Little Rock, North Little Rock, and Bryant, Arkansas. The group delivers a robust spectrum of pediatric care including well-child and sports physicals, ADHD management, newborn and sick-child visits. With a clinical focus on coordinated patient care, the practice supports families through routine and urgent needs, utilizing in-house laboratory testing and a multidisciplinary team of physicians and support staff. The organization is independently owned, operates under a partnership model, and employs between 51 and 200 individuals. It maintains a single primary location in Little Rock and does not appear to have a parent company. Its leadership and licensing structure are based on in-practice partnerships.
- St. Vincent Breast Center & Mammography Screening
- Health Care and Social Assistance
- -
- $35.63 CAD
- Triple Net
- Oct 2035
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
|
Health Care and Social Assistance | - | - | Modified Gross | Feb 2019 | |
| St. Vincent Breast Center & Mammography Screening | Health Care and Social Assistance | - | $35.63 CAD | Triple Net | Oct 2035 |
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
2nd generation pharmacy with a drive-through
Move-in ready 2nd generation dental clinic
Shell Condition; generous tenant improvement allowance available
| Space | Size | Space Use | Condition | Available |
| 1st Floor | 2,746 SF | Retail | Full Build-Out | Now |
| 1st Floor | 2,198 SF | Medical | Full Build-Out | Sep 2026 |
| 2nd Floor | 10,452 SF | Office/Medical | Shell Space | Now |
| 3rd Floor | 8,041 SF | Medical | Full Build-Out | Now |
1st Floor
| Size |
| 2,746 SF |
| Space Use |
| Retail |
| Condition |
| Full Build-Out |
| Available |
| Now |
1st Floor
| Size |
| 2,198 SF |
| Space Use |
| Medical |
| Condition |
| Full Build-Out |
| Available |
| Sep 2026 |
2nd Floor
| Size |
| 10,452 SF |
| Space Use |
| Office/Medical |
| Condition |
| Shell Space |
| Available |
| Now |
3rd Floor
| Size |
| 8,041 SF |
| Space Use |
| Medical |
| Condition |
| Full Build-Out |
| Available |
| Now |
1st Floor
| Size | 2,746 SF |
| Space Use | Retail |
| Condition | Full Build-Out |
| Available | Now |
2nd generation pharmacy with a drive-through
1st Floor
| Size | 2,198 SF |
| Space Use | Medical |
| Condition | Full Build-Out |
| Available | Sep 2026 |
Move-in ready 2nd generation dental clinic
2nd Floor
| Size | 10,452 SF |
| Space Use | Office/Medical |
| Condition | Shell Space |
| Available | Now |
Shell Condition; generous tenant improvement allowance available
3rd Floor
| Size | 8,041 SF |
| Space Use | Medical |
| Condition | Full Build-Out |
| Available | Now |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $1,878,895 CAD | |
| Land Assessment | $749,187 CAD | Total Assessment | $2,628,083 CAD |
PROPERTY TAXES
Presented by
Chenal Medical Pavilion Two | 16115 Saint Vincent Way
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