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Kroger Building 16105 Chenal Pky 25,699 SF of Retail Space Available in Little Rock, AR 72223
HIGHLIGHTS
- RARE space available in some of the best real estate in West Little Rock
- Inline space formerly occupied by HOWSE
- Brand new COSTCO located across the street
- Professionally managed property
- Area retailers include Homegoods, Kohl's, Home Depot, Target, Walmart, Whole Foods, Apple Store, & Academy Sports
- Surrounded by TOP producing restaurants
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 25,699 SF | Negotiable | $14.00 /SF/YR $1.17 /SF/MO $150.69 /m²/YR $12.56 /m²/MO $29,982 /MO $359,786 /YR | Triple Net (NNN) |
16105 Chenal Pky - 1st Floor
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Retail Space
- Located in-line with other retail
- Space is in Excellent Condition
- 1 Loading Dock
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
SELECT TENANTS AT KROGER BUILDING
- TENANT
- DESCRIPTION
- US LOCATIONS
- REACH
- Chuy's
- Accommodation and Food Services
- -
- -
- Five Below
- Dollar/Variety/Thrift
- 2,297
- National
- Kroger
- Supermarket
- 1,960
- National
- Marshalls
- Dept Store
- 1,457
- International
- Slim Chickens
- Accommodation and Food Services
- -
- -
- Starbucks
- Coffee
- 19,767
- International
| TENANT | DESCRIPTION | US LOCATIONS | REACH |
| Chuy's | Accommodation and Food Services | - | - |
| Five Below | Dollar/Variety/Thrift | 2,297 | National |
| Kroger | Supermarket | 1,960 | National |
| Marshalls | Dept Store | 1,457 | International |
| Slim Chickens | Accommodation and Food Services | - | - |
| Starbucks | Coffee | 19,767 | International |
PROPERTY FACTS
| Total Space Available | 25,699 SF | Frontage | 1,191’ on Chenal Pky |
| Center Type | Community Center | Gross Leasable Area | 319,912 SF |
| Parking | 698 Spaces | Total Land Area | 17.46 AC |
| Center Properties | 2 | Year Built | 2021 |
| Total Space Available | 25,699 SF |
| Center Type | Community Center |
| Parking | 698 Spaces |
| Center Properties | 2 |
| Frontage | 1,191’ on Chenal Pky |
| Gross Leasable Area | 319,912 SF |
| Total Land Area | 17.46 AC |
| Year Built | 2021 |
ABOUT THE PROPERTY
The Chenal Shopping Center is a 63,212 SF national tenant power center located in one of the fastest-growing corridors of Arkansas’ largest market. Situated near the state’s largest master-planned community, Chenal Valley, adjacent to a top-producing Kroger, and with the state’s first Costco right next door, the Chenal Shopping Center has solidified its hold as a focal point of retail traffic and easily ranks among the highest regional attractions in Little Rock--a market of over 1M people. With two prominent intersections on each end of the site that contribute to a traffic count of over 36,000 cars per day, this is arguably one of the best pieces of retail real estate in Arkansas. Some of the neighboring restaurants, businesses, and retailers include Chuy’s, Starbucks, Tide Dry Cleaners, Arvest Bank, Westrock Orthodontics, Dental Solutions, HomeGoods, Apple Store, Kohls, Home Depot, Target, Walmart, Whole Foods, and Academy Sports. The site also sits just South of The Promenade at Chenal, a high-end, open-air lifestyle center located in Chenal Valley. The Chenal Shopping Center houses a diverse group of tenants with long-term leases in place. The lineup includes Kroger Marketplace, Walk-On’s, and a pair of national credit tenants: 5 Below, one of the fastest-growing retailers in the country, and Marshalls, a popular retailer offering items from vendors around the world. The 21,007 square-foot inline space, formerly occupied by Howse, a national furniture franchise, is currently available for lease, as well as, an additional 4,692 SF bonus space, located at the rear of the building.
- Dedicated Turn Lane
- Pylon Sign
- Signalized Intersection
NEARBY MAJOR RETAILERS
Presented by
Kroger Building | 16105 Chenal Pky
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