SRS Investment Properties Group is pleased to present the rare opportunity to acquire the Shoppes at Colonel Glenn, an 18,009 square foot, four tenant retail center located in Little Rock, AR. UAMS Ortho Clinic occupies over 70% of the GLA and recently signed a 10-year lease with options to extend. The site also features Domino’s, State Farm, and AR Donuts w/drive-thru. All tenants feature rental increases throughout the base terms and option periods, offering security to an investor and hedging against inflation. All tenants reimburse for property taxes, insurance and CAM, limiting expense leakage for a new investor.
The subject property is ideally located at the hard corner intersection of Colonel Glenn Road and Colonel Glenn Centre Drive (16,000 cars per day) with prominent monument signage. The Shoppes at Colonel Glenn benefits from being on the hard corner, in a highly visible and easily accessible site. Immediately surrounding properties include Tractor Supply Co., Wendy’s, Iberia Bank, Holiday Inn Express & Suites (84 rooms), and Lumber 1 Home Center (coming soon), who will occupy 110,000-120,000 of retail space, with a drive and indoor lumber year. The site offers direct on/off ramp access via Interstate 430 (80,000 cars per day), located directly west of the subject property. Interstate 430 is a commuter route to and from Little Rock and the surrounding area. National tenants within the trade area include Walmart Supercenter (24 hour location), Bass Pro Shop, Cinemark JCPenney, Havertys, Jo-Ann Fabric, Autozone, Dollar General, Texas Roadhouse, Cracker Barrel and more. The 5-mile trade area features a population over 135,000 with more than 130,000 employees. The average household income in the trade area is more than $66,000.