8824 Geyer Springs Rd | Little Rock, AR 72209
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8824 Geyer Springs Rd
Little Rock, AR 72209
Colony South Shopping Center · Retail Property For Sale
Investment Highlights
- Prime signalized corner location at a high traffic intersection
- Personal service needs well represented in rent roll
- Grocer anchored for 30+ years and center is 98.5% occupied
- Kroger Fuel Center on site (included in sale) with additional outparcel opportunities
- Recent capital improvements
- Call agent for pricing
Executive Summary
Colony South is a neighborhood center located at Baseline Road and Geyer Springs Road in the southwest Little Rock submarket. Anchored by Kroger since 1992, this 133,304 SF center sits on 9.24 acres at the signalized corner of the busiest intersection in the submarket. The property benefits from long term tenant commitments, with average tenancy of almost thirteen years among the current rent roll.
Kroger is the dominant grocer in the central Arkansas market, and well established in this location. A recent remodel of the store interior demonstrates their commitment to the center and location. Recent capital improvements to the property include: a section of the center being re-roofed, parking lot light conversion to LED, parking lot reseal/striping, and new awnings and exterior paint.
Kroger is the dominant grocer in the central Arkansas market, and well established in this location. A recent remodel of the store interior demonstrates their commitment to the center and location. Recent capital improvements to the property include: a section of the center being re-roofed, parking lot light conversion to LED, parking lot reseal/striping, and new awnings and exterior paint.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Supermarket
Building Size
133,304 SF
Building Class
B
Year Built
1973
Percent Leased
99%
Tenancy
Multiple
Number of Floors
1
Loading Docks
3 Exterior
Building FAR
0.33
Lot Size
9.24 AC
Zoning
C-3
Parking
300 Spaces (2.25 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Dedicated Turn Lane
- Pylon Sign
- Signage
- Signalised Intersection
PROPERTY TAXES
| Parcel Number | 44L-218-00-001-02 | Improvements Assessment | £31,091 |
| Land Assessment | £0 | Total Assessment | £31,091 |
PROPERTY TAXES
Parcel Number
44L-218-00-001-02
Land Assessment
£0
Improvements Assessment
£31,091
Total Assessment
£31,091
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