Prominent Frontage | Bustling I-57 Corridor | 4600 E McCain Blvd
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Prominent Frontage | Bustling I-57 Corridor 4600 E McCain Blvd
13,686 SF Vacant Office Building Online Auction Sale North Little Rock, AR 72117
Investment Highlights
- Ideal 13,686-SF brick office building established over a spacious expansive ±3.06-acre lot with a secured parking lot in North Little Rock, Arkansas.
- Prime owner/user or value-add opportunity in the North Little Rock office submarket seeing rental increases paired with zero supply-side pressures.
- Sought-after connectivity to the premier Springhill medical corridor, optimally situated 1 mile to Baptist Health Medical Center – North Little Rock.
- Excellently situated with desirable visibility, positioned less than a mile from I-57 within the booming retail corridor, drawing demand to the area.
- Delivered to the market as a vacant asset that previously served as the headquarters for one of North America’s largest transportation companies.
- Immediate 1-mile commute from reputable retailers and eateries, including Target, Barnes & Noble, Best Buy, Walmart, McDonald’s, Wendy’s, and more.
Executive Summary
Avison Young Capital Markets Group, as exclusive advisor, is pleased to offer the opportunity to acquire 4600 E McCain Boulevard, North Little Rock, Arkansas. Built in 1995, the masonry-constructed office building consists of 13,686 square feet beneficially situated over an expansive ±3.06-acre lot. The property previously served as the headquarters for one of North America’s largest transportation companies. The current site consists of one single-story office building with an attached parking garage and a secured parking lot, providing ample parking options for tenants and visitors.
4600 E McCain Boulevard is preferably located along E McCain Boulevard, and just minutes away from North Little Rock’s most commercialized retail area. Conveniently surrounding the property within an immediate 1-mile commute are noteworthy retailers and eateries, including Walmart Supercenter, Target, Barnes & Noble, Best Buy, Chipotle, Wendy’s, Taco Bell, McDonald’s, Chick-fil-A, Outback Steakhouse, Texas Roadhouse. The highly rated enclosed shopping center McCain Mall, anchored by Dillard’s and JCPenney, is also nearby.
This property features seamless connectivity throughout Little Rock as it is ideally situated less than 10 minutes from downtown and provides quick connectivity to major thoroughfares Interstates 30, 40, and 57. The building also boasts easy access to the Springhill medical corridor and is 1 mile to Baptist Health Medical Center – North Little Rock, a 225-licensed bed hospital equipped with a Level III trauma center.
4600 E McCain Boulevard will be delivered vacant and serves as an excellent owner/user or value-add investment opportunity in the North Little Rock office submarket, which sees positive year-after-year rental increases paired with zero supply-side pressures. This dynamic acquisition is suitable for adaptive reuse, which could be repositioned for medical purposes with primed positioning encircled by medical businesses. A new owner can acquire this asset with multiple business opportunities within this growing area of Arkansas.
Property tours are available by appointment only. Please contact the broker to schedule.
4600 E McCain Boulevard is preferably located along E McCain Boulevard, and just minutes away from North Little Rock’s most commercialized retail area. Conveniently surrounding the property within an immediate 1-mile commute are noteworthy retailers and eateries, including Walmart Supercenter, Target, Barnes & Noble, Best Buy, Chipotle, Wendy’s, Taco Bell, McDonald’s, Chick-fil-A, Outback Steakhouse, Texas Roadhouse. The highly rated enclosed shopping center McCain Mall, anchored by Dillard’s and JCPenney, is also nearby.
This property features seamless connectivity throughout Little Rock as it is ideally situated less than 10 minutes from downtown and provides quick connectivity to major thoroughfares Interstates 30, 40, and 57. The building also boasts easy access to the Springhill medical corridor and is 1 mile to Baptist Health Medical Center – North Little Rock, a 225-licensed bed hospital equipped with a Level III trauma center.
4600 E McCain Boulevard will be delivered vacant and serves as an excellent owner/user or value-add investment opportunity in the North Little Rock office submarket, which sees positive year-after-year rental increases paired with zero supply-side pressures. This dynamic acquisition is suitable for adaptive reuse, which could be repositioned for medical purposes with primed positioning encircled by medical businesses. A new owner can acquire this asset with multiple business opportunities within this growing area of Arkansas.
Property tours are available by appointment only. Please contact the broker to schedule.
Data Room Click Here to Access
- Operating and Financials
- Purchase Agreement
- Title and Insurance
Market Analytics Click Here to Access
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Market Sale Price per SF
Little Rock - AR USA
Market Cap Rate
Little Rock - AR USA
Market Sale Price per SF by Star Rating
1 - 2 Star
3 Star
4 - 5 Star
Market Cap Rate by Star Rating
1 - 2 Star
3 Star
4 - 5 Star
Market Sale Price per SF Distribution
Market Cap Rate Distribution
Property Facts
Sale Type
Investment
Sale Condition
Auction Sale
Property Type
Building Size
13,686 SF
Building Class
C
Year Built
1995
Tenancy
Single
Building Height
1 Story
Typical Floor Size
13,686 SF
Building FAR
0.10
Lot Size
3.06 AC
Zoning
C3 - General Commercial District
Parking
110 Spaces (8.04 Spaces per 1,000 SF Leased)
Amenities
- Security System
- Signage
- Air Conditioning
DEMOGRAPHICS
Demographics
1 Mile
3 Mile
5 Mile
2024 Population
2,293
37,962
93,660
2020 Population
2,184
37,801
92,012
2029 Population
2,318
38,060
94,148
2024-2029 Projected Population Growth
1.1%
0.3%
0.5%
Daytime Employees
10,204
25,495
84,523
Total Businesses
1,072
3,068
7,685
Average Household Income
$73,492
$76,016
$70,831
Median Household Income
$49,526
$53,182
$48,053
Total Consumer Spending
$25.9M
$453.1M
$1.1B
Median Age
39.5
40.4
39.4
2024 Households
1,015
16,802
41,837
Percent College Degree or Above
21%
19%
17%
Average Home Value
$183,843
$187,924
$189,399
zoning
Zoning Code | C3 (General Commercial District) |
C3 (General Commercial District) |
PROPERTY TAXES
Parcel Number | 23N-011-01-001-00 | Improvements Assessment | $0 |
Land Assessment | $0 | Total Assessment | $291,000 |
PROPERTY TAXES
Parcel Number
23N-011-01-001-00
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$291,000
Sale Advisor
Jacob Biddle, Principal
(901) 231-1404
Contact
Jacob Biddle is a Principal in Avison Young’s Memphis office. Jacob Biddle has over 16 years of experience in all aspects of commercial real estate. Since co-founding the Avison Young office in 2016, Biddle has been involved in over $500 million in transactions throughout the Southeast, serving a range of clients including public and private REITs, pension funds, private equity firms, and high net worth individuals.
Prior to forming Avison Young’s office in Memphis, Biddle was a Vice President at Cushman & Wakefield, where he was part of the Capital Markets Group. While there, he focused on investment sales, special asset services, and debt and equity finance while advising clients on maximizing the value of their real estate holdings by applying advanced financial strategies. Previous experience also includes roles at DRA Advisors, LLC, a New-York based institutional real estate investment firm. During his time at DRA, he acquired institutional experience in acquisitions and dispositions, lease structure, financial modeling, and portfolio management. An active member of the community, Biddle is currently a trustee of The Children’s Museum of Memphis and serves on the executive committee of the Captain’s Club for WGC-FedEx St. Jude Invitational. Biddle is a licensed Principal Broker in Tennessee, Arkansas, and Mississippi.
Prior to forming Avison Young’s office in Memphis, Biddle was a Vice President at Cushman & Wakefield, where he was part of the Capital Markets Group. While there, he focused on investment sales, special asset services, and debt and equity finance while advising clients on maximizing the value of their real estate holdings by applying advanced financial strategies. Previous experience also includes roles at DRA Advisors, LLC, a New-York based institutional real estate investment firm. During his time at DRA, he acquired institutional experience in acquisitions and dispositions, lease structure, financial modeling, and portfolio management. An active member of the community, Biddle is currently a trustee of The Children’s Museum of Memphis and serves on the executive committee of the Captain’s Club for WGC-FedEx St. Jude Invitational. Biddle is a licensed Principal Broker in Tennessee, Arkansas, and Mississippi.
About the Auction Platform
Ten-X Commercial is the leading end-to-end digital transaction platform for commercial real estate. With over $26bn sold, Ten-X’s platform empowers brokers, sellers and buyers with data-driven technology and comprehensive marketing tools to expand market visibility and decrease time to close. Ten-X consistently yields trade rates at two times the industry average. Ten-X expedites the entire CRE transaction timeline by enabling brokers and sellers to tap into a digital platform that makes it easy to onboard properties, evaluate the success of complimentary omnichannel marketing campaigns and follow up on the strongest pre-qualified leads. Buyers are precision-matched with properties aligned with their investment goals, with unprecedented access to market analysis and due diligence documents to help them securely acquire properties online, with confidence.
Read More
Auction Contact
Emily Walper
Contact
Auctioneer License:
Ten-X Samantha Corbat RE RE Brkr PB00094557 Samantha Corbat Auctioneer IREC03020
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3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Transaction Fee Schedule
Based on Percentage of Winning Bid Amount.
Winning Bid Amount
Transaction Fee
$0m to < $1m
5.00% ($20,000 min)
$1m to < $3m
3.00%
$3m to < $5m
2.50%
$5m to < $10m
2.25%
$10m to < $15m
2.00%
$15m to < $25m
1.75%
$25m to < $35m
1.50%
$35M to < $45M
1.00%
$45M to < $55M
0.75%
$55M and Up
0.50%
Example Calculation
Winning Bid Amount
$4,000,000
Transaction Fee
$100,000 (2.5%)
Total Purchase Price
$4,100,000
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Prominent Frontage | Bustling I-57 Corridor | 4600 E McCain Blvd
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