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Passive Investment Opportunity Along Hwy 67 5620 Warden Rd

11,000 SF Retail Building North Little Rock, AR 72116 $1,900,000 ($173/SF) 5.18% Cap Rate

Investment Highlights

  • Strategic location along corridor w/ minimal availability
  • Well below replacement value
  • Warden Road frontage
  • Significant upside in rental income
  • Exposure to HWY 67 / 167

Executive Summary

This stretch of Warden Road has historically been challenging to penetrate, specifically as a landowner. Most of the real estate wealth along Warden Road has not been interested in letting go of such meaningful real estate.
We are offering a rare opportunity for an investor to own a property along Warden Road, which has a significant
upside trajectory for income. This 2.9 acres has an 11,000 SF block building and is currently rented for less
than $9/SF. The current tenant is in their first option period with approximately four years remaining. For the
passive investor looking topark money and later take advantage of significant upside in rents, this the deal.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Auto Repair
Building Size
11,000 SF
Building Class
C
Year Built
1997
Price
$1,900,000
Price Per SF
$173
Cap Rate
5.18%
NOI
$98,420
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
2.90 AC
Zoning
C-4
Parking
24 Spaces (2.18 Spaces per 1,000 SF Leased)
Frontage
195 FT on Warden Rd

Amenities

  • Freeway Visibility
  • Pylon Sign
  • Signage

MAJOR TENANTS Click Here to Access

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease End
  • Toys For Trucks
  • -
  • 99,999 SF
  • -
  • -
Tenant Industry SF OCCUPIED RENT/SF Lease End
Toys For Trucks - 99,999 SF - -

Nearby Major Retailers

Chuy's
CrossFit
Buffalo Wild Wings
Sunbelt Rentals
Golden Corral
Outback Steakhouse
IHOP
Old Chicago Pizza
On The Border Mexican Grill
Saltgrass Steak House

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
23S-057-14-002-00
Land Assessment
$77,805
Improvements Assessment
$203,607
Total Assessment
$281,412
  • Listing ID: 29821792

  • Date on Market: 10/18/2023

  • Last Updated:

  • Address: 5620 Warden Rd, North Little Rock, AR 72116

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