Retail Space - For Sale
3929 McCain Boulevard North Little Rock, AR 72116
Details & Description
Call for Pricing
  • Property Type Retail for Sale
  • Lot Size Acres 5.040
  • Building Sq Ft 160,950
  • Land Sq Ft 219,542
SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a vacant 160,950 SF former Sears building with a multi-tenant pad (16,650 SF) occupied by Longhorn Steakhouse (6,350 SF), situated on a 15.04 acre parcel in North Little Rock, Arkansas. Rare Hospitality Internation, Inc. dba Longhorn Steakhouse (Ground Lease), has over 9 years remaining on their initial lease term with 4 (5-Year) option periods to extend. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period. The property is zoned as Commercial Zone (C-3) - Community Shopping District, providing for a wide range of uses and opportunities for a new owner.Buyer will be responsible for any capital expenditures, demising costs, tenant improvements, leasing commissions, and all other re-tenanting costs.The subject property is located near the signalized, hard corner intersection of McCain Blvd and U.S. Highway 67 (combined 112,000 VPD). In addition, Interstate 40 (112,000 VPD) is located just 0.6 miles south of the site with convenient on/off ramp access. The building is part of McCain Mall (793,700 SF, owned and operated by Simon Property Group) which is anchored by Dillard’s, JCPenney, and Regal Cinemas. The immediate trade area features notable national/credit tenants including a Walmart Supercenter, Lowe’s Home Improvement, Target, Sam’s Club, Kroger, The Home Depot, and Barnes & Noble, which increases consumer traffic and promotes crossover shopping to the site. Moreover, the asset is adjacent to two power centers, McCain Plaza (a 300,000 SF power center anchored by TJ Maxx, Michael’s PetSmart, Bed Bath and Beyond, and Dick’s Sporting Goods) and Lakewood Village Shopping Center (a 360,000 SF center anchored by SteinMart, JoAnn Fabrics, and LA Fitness), further increasing consumer traffic to the trade area. The 5-mile trade area is supported by a population of over 98,600 residents, and within the 1-mile immediate trade area surrounding the site, the average household income is $106,200.
Listing Agents
Matthew Mousavi

O: 949-698-1116
M: 714-404-8849
matthew.mousavi@srsre.com
While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

3929 McCain Boulevard

North Little Rock, AR 72116

Listing ID: 255895
Call for Pricing
For Sale
  • Property Type Retail for Sale
  • Lot Size Acres 5.040
  • Building Sq Ft 160,950
  • Land Sq Ft 219,542
  • 3929 McCain Boulevard North Little Rock, AR 72116 | for Sale | Photo 1
  • 3929 McCain Boulevard North Little Rock, AR 72116 | for Sale | Photo 2
  • 3929 McCain Boulevard North Little Rock, AR 72116 | for Sale | Photo 3
3929 McCain Boulevard | for Sale | Thumbnail 1
3929 McCain Boulevard | for Sale | Thumbnail 2
3929 McCain Boulevard | for Sale | Thumbnail 3
Description

SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a vacant 160,950 SF former Sears building with a multi-tenant pad (16,650 SF) occupied by Longhorn Steakhouse (6,350 SF), situated on a 15.04 acre parcel in North Little Rock, Arkansas. Rare Hospitality Internation, Inc. dba Longhorn Steakhouse (Ground Lease), has over 9 years remaining on their initial lease term with 4 (5-Year) option periods to extend. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period. The property is zoned as Commercial Zone (C-3) - Community Shopping District, providing for a wide range of uses and opportunities for a new owner.

Buyer will be responsible for any capital expenditures, demising costs, tenant improvements, leasing commissions, and all other re-tenanting costs.

The subject property is located near the signalized, hard corner intersection of McCain Blvd and U.S. Highway 67 (combined 112,000 VPD). In addition, Interstate 40 (112,000 VPD) is located just 0.6 miles south of the site with convenient on/off ramp access. The building is part of McCain Mall (793,700 SF, owned and operated by Simon Property Group) which is anchored by Dillard’s, JCPenney, and Regal Cinemas. The immediate trade area features notable national/credit tenants including a Walmart Supercenter, Lowe’s Home Improvement, Target, Sam’s Club, Kroger, The Home Depot, and Barnes & Noble, which increases consumer traffic and promotes crossover shopping to the site. Moreover, the asset is adjacent to two power centers, McCain Plaza (a 300,000 SF power center anchored by TJ Maxx, Michael’s PetSmart, Bed Bath and Beyond, and Dick’s Sporting Goods) and Lakewood Village Shopping Center (a 360,000 SF center anchored by SteinMart, JoAnn Fabrics, and LA Fitness), further increasing consumer traffic to the trade area. The 5-mile trade area is supported by a population of over 98,600 residents, and within the 1-mile immediate trade area surrounding the site, the average household income is $106,200.

Points of Interest & Demographic Radii
Points of Interest
Demographic Radii
POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.
 
Little Rock History of Retail Space for Sale

North Little Rock Area Market Trends

Listing Demographics for 3929 McCain Boulevard North Little Rock, AR 72116

All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

1-Mile 3-Miles 5-Miles
Total Population5,16953,08196,990
Population Median Age433838
Population by Age0-9 Yrs528 (10%)7674 (14%)13111 (13%)
10-19 Yrs421 (8%)6268 (11%)11273 (11%)
20-29 Yrs820 (15%)7500 (14%)14147 (14%)
30-39 Yrs612 (11%)7343 (13%)13647 (14%)
40-49 Yrs539 (10%)5966 (11%)11170 (11%)
50-59 Yrs838 (16%)6297 (11%)12200 (12%)
60-69 Yrs565 (10%)6381 (12%)11462 (11%)
70+ Yrs845 (16%)5653 (10%)9980 (10%)
Median HH Income$68,454$50,353$47,336
Total Household Income< 24K265 (11%)5682 (27%)11279 (27%)
25-49K493 (21%)4746 (22%)9882 (24%)
50-74K455 (20%)3644 (17%)6867 (17%)
75-99K249 (10%)2250 (10%)4277 (10%)
100-199K589 (25%)3762 (17%)6399 (15%)
200K+219 (9%)882 (4%)1650 (4%)
Highest Education LevelNo Diploma18041627334
Diploma or GED8131003818575
Some College880822315601
Assoc. Degree19425164837
Bachelors Degree1058708812676
Higher Degree65535796886
Total Housing Units2,50124,12948,147
--Owner-Occupied1,34812,22121,615
--Renter-Occupied9218,74518,739
Owner-Occupied Values< 100K6731886140
100-199K64061869967
200-299K37218753580
300-399K105502951
400-499K69188331
500K+94282646
Total Working Age Population4,35941,50377,087
In Work Force2,90124,50646,778
Not In Work Force1,45816,99730,308
Workforce Employed2,61322,56543,335
Workforce Unemployed1651,5872,662
Civlian Workforce2,77824,15145,997
Military Workforce123354782
Total Households2,26920,96640,354
Family Households1,33713,01023,109
Non-Family Households9327,95517,245
Married Couple1,1197,70113,756
Other Family2195,3109,354
Married w/Child4092,6924,824
Single Male w/Child406471,052
Single Female w/Child742,0853,874

Population Change Last Two Decades - Plus Projection

2000%2010%2020%2030
Arkansas2,673,400+92,915,918+53,072,430+63,271,344
Faulkner County86,014+32113,237+13128,027+10140,505
Pulaski County361,474+6382,748+7409,626+7438,011
Saline County83,529+28107,118+24132,720+23163,898

Total Working Age Population:

Total Households:

Total Working Age Population:

Total Households:

Total Working Age Population:

Total Households:

No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

Closest Commercial Airports
Airport Distance (mi)
Bill & Hillary Clinton National Airport/Adams Field (LIT) 4
Fort Smith Regional Airport (FSM) 127
Memphis International Airport (MEM) 129