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Chenal Medical Pavilion Two 16115 Saint Vincent Way 42,636 SF 68% Leased Office Building Little Rock, AR 72223 $10,750,000 ($252.13/SF)

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INVESTMENT HIGHLIGHTS

  • Offering is for the sale of the leasehold interest only (ground lease in place).
  • Surrounded by Class A medical, retail, multifamily, and office users.
  • Chenal Valley has an annual growth rate of 2.69%.
  • 68.26% occupied Class A medical office building in West Little Rock.
  • Adjacent to The Promenade at Chenal, a premier open-air shopping center, and surrounded by top tier businesses, medical hubs, and upscale living.

EXECUTIVE SUMMARY

Cushman & Wakefield | Sage Partners is pleased to exclusively offer for sale a multi-tenant, Class A medical office building located in the heart of West Little Rock’s highly sought-after Chenal Valley submarket. The offering represents the sale of the leasehold interest in the improvements only, with the property subject to an existing ground lease. The investment provides a value-add opportunity to acquire a high-quality medical asset at or below replacement cost, through the lease-up of existing availabilities, with the added flexibility to accommodate an owner-user through occupancy of available space.
The ±42,636 square foot property is surrounded by other Class A medical, retail, and office users and is anchored by a strong roster of healthcare tenants, including St. Vincent Breast & Mammography Screening Center, St. Vincent Imaging, Pinnacle Dermatology, Arkansas Pediatrics, and Edwards Family Dentistry.
The property is strategically positioned just off Chenal Parkway, which sees approximately 36,000 vehicles per day, and is less than five miles from Interstate 430. Additionally, the site is immediately adjacent to The Promenade at Chenal, one of Central Arkansas’ premier retail destinations, further supporting tenant demand and long-term occupancy.

PROPERTY FACTS

Sale Type
Investment or Owner User
Sale Condition
Ground Lease (Leasehold)
Property Type
Office
Property Subtype
Medical
Building Size
42,636 SF
Building Class
A
Year Built
2014
Price
$10,750,000
Price Per SF
$252.13
Percent Leased
68%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
14,212 SF
Slab To Slab
10’
Building FAR
0.19
Lot Size
5.20 AC
Zoning
Commercial
Parking
150 Spaces (3.42 Spaces per 1,000 SF Leased)

AMENITIES

  • Signage
  • Wheelchair Accessible
  • Monument Signage

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE TYPE
  • LEASE END
  • Health Care and Social Assistance
  • -
  • -
  • Modified Gross
  • Feb 2019

Arkansas Pediatric Clinic is a privately held pediatric healthcare practice founded to offer comprehensive medical services to children from infancy through adolescence across Little Rock, North Little Rock, and Bryant, Arkansas. The group delivers a robust spectrum of pediatric care including well-child and sports physicals, ADHD management, newborn and sick-child visits. With a clinical focus on coordinated patient care, the practice supports families through routine and urgent needs, utilizing in-house laboratory testing and a multidisciplinary team of physicians and support staff. The organization is independently owned, operates under a partnership model, and employs between 51 and 200 individuals. It maintains a single primary location in Little Rock and does not appear to have a parent company. Its leadership and licensing structure are based on in-practice partnerships.

  • St. Vincent Breast Center & Mammography Screening
  • Health Care and Social Assistance
  • -
  • $25.85
  • Triple Net
  • Oct 2035
TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE TYPE LEASE END
Health Care and Social Assistance - - Modified Gross Feb 2019
St. Vincent Breast Center & Mammography Screening Health Care and Social Assistance - $25.85 Triple Net Oct 2035

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • SPACE USE
  • CONDITION
  • AVAILABLE
  • 1st Floor
  • 2,746 SF
  • Retail
  • Full Build-Out
  • Now

2nd generation pharmacy with a drive-through

  • 1st Floor
  • 2,198 SF
  • Medical
  • Full Build-Out
  • Sep 2026

Move-in ready 2nd generation dental clinic

  • 2nd Floor
  • 10,452 SF
  • Office/Medical
  • Shell Space
  • Now

Shell Condition; generous tenant improvement allowance available

  • 3rd Floor
  • 8,041 SF
  • Medical
  • Full Build-Out
  • Now
Space Size Space Use Condition Available
1st Floor 2,746 SF Retail Full Build-Out Now
1st Floor 2,198 SF Medical Full Build-Out Sep 2026
2nd Floor 10,452 SF Office/Medical Shell Space Now
3rd Floor 8,041 SF Medical Full Build-Out Now

1st Floor

Size
2,746 SF
Space Use
Retail
Condition
Full Build-Out
Available
Now

1st Floor

Size
2,198 SF
Space Use
Medical
Condition
Full Build-Out
Available
Sep 2026

2nd Floor

Size
10,452 SF
Space Use
Office/Medical
Condition
Shell Space
Available
Now

3rd Floor

Size
8,041 SF
Space Use
Medical
Condition
Full Build-Out
Available
Now

1st Floor

Size 2,746 SF
Space Use Retail
Condition Full Build-Out
Available Now

2nd generation pharmacy with a drive-through

1st Floor

Size 2,198 SF
Space Use Medical
Condition Full Build-Out
Available Sep 2026

Move-in ready 2nd generation dental clinic

2nd Floor

Size 10,452 SF
Space Use Office/Medical
Condition Shell Space
Available Now

Shell Condition; generous tenant improvement allowance available

3rd Floor

Size 8,041 SF
Space Use Medical
Condition Full Build-Out
Available Now

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 53L-036-07-005-01
  • 53L-036-07-005-02
Land Assessment
$543,480
Improvements Assessment
$1,363,000
Total Assessment
$1,906,480
  • Listing ID: 39194146

  • Date on Market: 1/23/2026

  • Last Updated:

  • Address: 16115 Saint Vincent Way, Little Rock, AR 72223

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