Colliers International is pleased to present the sale of Shackleford Crossings, a 286,636-square-foot community retail center located in Little Rock, Arkansas. The Center is located just south of the Interstate 630 and Interstate 430 interchange within the rapidly expanding southwest submarket of Little Rock.
Shackleford Crossings is shadow anchored by a Walmart Supercenter and JC Penney’s and is currently only 44.6% leased to 17 tenants including Havertys Furniture, Jo-Ann’s Fabrics, Copeland’s, Edwin Watts, I Heart Media, Blue Cross Blue Shield, Sprint and Rainbow USA. Significant upside exists in leasing up the vacant 158,882 square feet of vacant space.
Shackleford Crossings is an exceptional opportunity to acquire a value-add retail investment for well below replacement cost with notable revenue coming in from the existing tenant base.
Conveniently located just south of the I-630 and I-430 interchange
Shadow anchored by a 180,000 SF Walmart Supercenter and a 104,000 SF single story JCPenney’s department store
Notable pad tenants including Cracker Barrell, Texas Roadhouse, BJ’s Restaurant, Longhorn Steakhouse, Arby’s and Chuck-E-Cheese
Significant upside exists in leasing up the vacant 158,882 SF of vacant space
Attractive projected average NOI growth rate of 17.4% annually over the next 10 years
- Property Type
Retail
- Total Acres
6.58
- Property ID
2118494
