Colliers | Arkansas is pleased to offer investors a rare opportunity to purchase the Markham Square Shopping Center, a 100% occupied, 13 tenant, net-leased retail asset at 9801-9825 W. Markham Street in Little Rock, AR.
The 31,273 square-foot retail/office center is situated on a 2.31-acre parcel in the heart of west Little Rock’s primary retail corridor. The diverse tenant mix includes restaurants, a barber shop, culinary incubator, a 100+ year old family hardware store, a new meal prep facility for a local private school serving over 2,200 students, as well as other retail service and office concepts, many of which have been staples in serving the community for decades. All leases except one are on a triple net (NNN) basis providing the investor with consistent, stable cash flow. The weighted average lease term is approximately 4.5 years, providing stable performance for many years. In addition to the favorable lease structures, several leases are below market giving the investor potential upside at lease renewals.