4109 E BROADWAY ST North Little Rock AR 72117-4120

Marcus and Millichap proudly presents an exceptional chance to acquire the Rose City Shopping Center located in North Little Rock, Arkansas. Situated with direct frontage on E Broadway St. boasting 15,776 VPD, and catering to a population of 127,699 within a 15-Min Drive, this property holds immense potential. Featuring a diverse mix of national and regional tenants, Rose City Shopping Center offers a synergistic tenant roster. Whether you're a seasoned investor or a newcomer to the market, this asset is an attractive opportunity, being offered significantly below replacement cost. There's immediate potential for value addition through leasing the vacant suite and strategically repositioning the lease structure for remaining tenants. Situated in the bustling cityscape of North Little Rock, Arkansas, this plaza offers a compelling investment prospect. Boasting an impressive 70% occupancy rate, the plaza presents a unique opportunity to enhance value through strategic adjustments to below-market rents. Investors have the chance to capitalize on the value-add potential and drive towards an anticipated Year 3 cap rate of 11.54%. As the economic heartbeat of the region, North Little Rock sets the stage for a lucrative investment venture, promising substantial returns for savvy investors keen on leveraging its untapped potential.

• Mark-To-Market Opportunity | In-Place Rents Average $3.36/SF Versus Costar’s Submarket Average of $16.39/SF NNN, With Short-Term Leases Provides Clear Path To Capture Rental Upside

• Recent Capital Improvements | Current Ownership has Invested Well Over $500k In Recent Upgrades To The Center

• Offered At Below Replacement Cost | Offered at $18.59 Per Square Foot, Well Below Replacement Cost

• Excellent Visibility & Access | Over 670 Feet of Frontage Along E Broadway St, With Prominent Pylon Signage

• Growing Trade Area Expansion | Population Within A Three-Mile Radius Is Projected To Hit Over 24,000 Residents, Up From The 20,000 Residents In 2020