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4109-4155 E Broadway St
North Little Rock, AR 72117
Rose City Shopping Center · Retail Property For Sale
Investment Highlights
- Mark-To-Market Opportunity | In-Place Rents Average $3.36/SF Versus Costar’s Submarket Average of $16.39/SF NNN, With Short-Term Leases Provides Clear
- Offered At Below Replacement Cost | Offered at $18.59 Per Square Foot, Well Below Replacement Cos
- Growing Trade Area Expansion | Population Within A Three-Mile Radius Is Projected To Hit Over 24,000 Residents, Up From The 20,000 Residents In 2020
- Recent Capital Improvements | Current Ownership has Invested Well Over $500k In Recent Upgrades To The Center
- Excellent Visibility & Access | Over 670 Feet of Frontage Along E Broadway St, With Prominent Pylon Signage
Executive Summary
Marcus and Millichap proudly presents an exceptional chance to acquire the Rose City Shopping
Center located in North Little Rock, Arkansas. Situated with direct frontage on E Broadway St.
boasting 15,776 VPD, and catering to a population of 127,699 within a 15-Min Drive, this property
holds immense potential. Featuring a diverse mix of national and regional tenants, Rose City
Shopping Center offers a synergistic tenant roster. Whether you're a seasoned investor or a
newcomer to the market, this asset is an attractive opportunity, being offered significantly below
replacement cost. There's immediate potential for value addition through leasing the vacant suite
and strategically repositioning the lease structure for remaining tenants.
Situated in the bustling cityscape of North Little Rock, Arkansas, this plaza offers a compelling
investment prospect. Boasting an impressive 70% occupancy rate, the plaza presents a unique
opportunity to enhance value through strategic adjustments to below-market rents. Investors have
the chance to capitalize on the value-add potential and drive towards an anticipated Year 3 cap
rate of 11.54%. As the economic heartbeat of the region, North Little Rock sets the stage for a
lucrative investment venture, promising substantial returns for savvy investors keen on leveraging
its untapped potential.
Center located in North Little Rock, Arkansas. Situated with direct frontage on E Broadway St.
boasting 15,776 VPD, and catering to a population of 127,699 within a 15-Min Drive, this property
holds immense potential. Featuring a diverse mix of national and regional tenants, Rose City
Shopping Center offers a synergistic tenant roster. Whether you're a seasoned investor or a
newcomer to the market, this asset is an attractive opportunity, being offered significantly below
replacement cost. There's immediate potential for value addition through leasing the vacant suite
and strategically repositioning the lease structure for remaining tenants.
Situated in the bustling cityscape of North Little Rock, Arkansas, this plaza offers a compelling
investment prospect. Boasting an impressive 70% occupancy rate, the plaza presents a unique
opportunity to enhance value through strategic adjustments to below-market rents. Investors have
the chance to capitalize on the value-add potential and drive towards an anticipated Year 3 cap
rate of 11.54%. As the economic heartbeat of the region, North Little Rock sets the stage for a
lucrative investment venture, promising substantial returns for savvy investors keen on leveraging
its untapped potential.
Property Facts
Sale Type
Investment
Property Type
Building Size
71,031 SF
Building Class
C
Year Built
1973
Price
$2,041,755 CAD
Price Per SF
$28.74 CAD
Cap Rate
5.61%
NOI
$114,484 CAD
Percent Leased
80%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.16
Lot Size
10.00 AC
Zoning
C-3
Parking
400 Spaces (5.63 Spaces per 1,000 SF Leased)
Frontage
678’ on Broadway Ave
Amenities
- Pylon Sign
- Signage
Property Taxes
| Parcel Number | 23N-057-00-005-00 | Improvements Assessment | $411,790 CAD |
| Land Assessment | $77,766 CAD | Total Assessment | $489,556 CAD |
Property Taxes
Parcel Number
23N-057-00-005-00
Land Assessment
$77,766 CAD
Improvements Assessment
$411,790 CAD
Total Assessment
$489,556 CAD
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