Marshalls Power Center Adjoining Kroger
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16105 Chenal Parkway
Little Rock, AR 72223
Price:
Contact Broker for Price
Cap Rate:
7.50%
Building Size:
63,212 SF
Lot Size:
5.72 AC
Year Built:
1999
Broker(s):
Joshua Brown
Greg Haag
Highlights
  • Best Real Estate in West Little Rock
  • Adjoining Top Producing Kroger Supermarket
  • (2) National Credit Tenants: 5 Below & Marshalls
  • Exposure to 28,000 CPD
  • Easy Signalized Ingress/Egress to Site
  • Arkansas' First Costco Coming Next Door in 2021
  • Includes Bonus Room for Expansion
  • Area is Experiencing Rapid Retail and Restaurant Growth
Property Description
The Chenal Shopping Center, a 63,212 SF national tenant power center located in the fastest growing corridor in Arkansas’ largest market, is now for sale. Situated near the state’s largest master-planned community, adjacent to a top producing Kroger AND with the state’s first Costco currently under development next door, the Chenal Shopping Center will strengthen its hold as a focal point of retail traffic, easily becoming the number one regional attraction in Little Rock, a market of over 1M people.

With two prominent intersections on each end of the site, this is arguably the best retail real estate in Arkansas. Some of the neighboring restaurants, businesses, and retailers include Mellow Mushroom, Chuy’s, Starbucks, Tide Dry Cleaners, Arvest Bank, Westrock Orthodontics, Dental Solutions, HomeGoods, Apple Store, Kohls, Home Depot, Target, Walmart, Whole Foods, and Academy Sports.

Housing a diverse group of tenants with long-term leases in place, the Chenal Shopping Center is poised for a solid return on investment for years to come. The lineup includes a pair of national credit tenants: 5 Below, one of the fastest growing retailers in the country, and Marshalls, a popular retailer offering items from vendors around the world. The center is also home to a locally owned fitness studio, Fit Factory. An additional bonus space, located at the rear of the building, is currently being utilized by the gym but could serve for future expansion for any of the 3 tenants. Rents collected on this space are not reflected in the net income.

Priced well below replacement cost, with a myriad of surrounding restaurants and banks, the Chenal Shopping Center represents a safe, secure investment, in one of the most prominent and affluent regions in Little Rock.