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BANK OF AMERICA | ABSOLUTE NET | STRONG DEMOS 11315 N Rodney Parham Rd 6,184 SF Retail Building Little Rock, AR 72212 $2,530,000 ($409.12/SF) 6.36% Cap Rate
Investment Highlights
- High-Traffic Corridor: The Property Fronts N. Rodney Parham Rd, One of West Little Rock's Busier Retail Corridors.
- Established Retail Submarket - the Property Sits within Close Proximity To the Broader Pleasant Valley and West Village Retail District.
- Corporate Backed Absolute Net Lease (Zero Landlord Responsibilities) Feat. Above Average 15% Rental Increases Every 5 Years throughout the Options.
- Immediate Access to/from Interstate-430 - the Site is Minutes from I-430, Providing Direct Regional Connectivity To I-630, I-40, and I-30.
- Densely Populated and Affluent Area: Features An Average Household Income Of more than $106k within a 3-Mile Radius.
Executive Summary
Arkansas Broker of Record: Steve Greer | 10527 Kentshire Court, Suite B Baton Rouge, LA 70810 | P: (225) 376-6729 | Lic #: PB00098133 | Steve.Greer@MarcusMillichap.com
Property Facts
Amenities
- Pylon Sign
- Drive Thru
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Finance and Insurance
- 6,184 SF
- -
- Triple Net
- Mar 2032
Bank of America was formed in 1998 through the merger of NationsBank and BankAmerica, while parts of the company's heritage extend back many generations. Bank of America serves individual consumers, small and middle-market businesses, large corporations, governments, and institutions with banking, investing, asset management, and risk management services. Bank of America also operates in wealth management, corporate and investment banking, and trading, with additional support for small business clients through digital and other service channels. The company maintains a broad market presence across the United States and in international markets, reflecting a business that combines retail banking, commercial banking, and institutional financial services.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Finance and Insurance | 6,184 SF | - | Triple Net | Mar 2032 |
Nearby Major Retailers
Property Taxes
| Parcel Number | 43L-112-00-004-00 | Improvements Assessment | $149,999 |
| Land Assessment | $155,246 | Total Assessment | $305,245 |
Property Taxes
