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8824 Geyer Springs Rd 134,045 SF 100% Leased Retail Building Little Rock, AR 72209 $6,750,000 ($50.36/SF)
INVESTMENT HIGHLIGHTS
- On prime signalized corner at high traffic intersection
- Personal service needs well represented in rent roll
- Grocer anchored for 30+ years
- Kroger Fuel Center on site (included in sale)
- Recent capital improvements
- Outparcel opportunity
EXECUTIVE SUMMARY
Colony South Shopping Center is a neighborhood center located at the corner of Baseline and Geyer Springs Roads in the Southwest Little Rock submarket. Anchored by Kroger since 1992, this 134,045 SF center sits on 9.24 acres that includes a Kroger Fuel Center and is positioned at a signalized corner on the highest trafficked intersection in the submarket. The property benefits from long-term tenancy with average tenancy exceeding thirteen years for the current rent roll.
Kroger is the dominant grocer in the central Arkansas market, and well established in this location with over thirty-three years of occupancy. A recent lease term extension and interior remodel demonstrates their continued commitment to the center.
Recent capital improvements to the property include: a large section of the center being re-roofed, parking lot light conversion to LED, parking lot seal/ striping and new storefront awnings and exterior paint.
Kroger is the dominant grocer in the central Arkansas market, and well established in this location with over thirty-three years of occupancy. A recent lease term extension and interior remodel demonstrates their continued commitment to the center.
Recent capital improvements to the property include: a large section of the center being re-roofed, parking lot light conversion to LED, parking lot seal/ striping and new storefront awnings and exterior paint.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Fast Food
Building Size
134,045 SF
Building Class
C
Year Built
1973
Price
$6,750,000
Price Per SF
$50.36
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Zoning
C-3
Parking
36 Spaces (0.27 Spaces per 1,000 SF Leased)
Frontage
133’ on Geyer Springs Rd
AMENITIES
- Pylon Sign
- Signage
- Drive Thru
Walk Score®
Very Walkable (77)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 44L-218-00-001-02 | Improvements Assessment | $39,692 |
| Land Assessment | $0 | Total Assessment | $39,692 |
PROPERTY TAXES
Parcel Number
44L-218-00-001-02
Land Assessment
$0
Improvements Assessment
$39,692
Total Assessment
$39,692
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8824 Geyer Springs Rd
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