Little Rock, AR - Kohl's (Dark)

Description:

SRS Real Estate Partners, LLC is pleased to offer the opportunity to lease or acquire the fee simple interest (land & building ownership) in an 88,248 SF Kohl’s leased property located in Little Rock, AR. The tenant, Kohl’s, Inc., has closed this location as of March 2025 but is still responsible for paying rent of $53,317 per month through the end of their lease term which expires on January 31, 2026. Kohl’s will not be renewing their lease and this offering is an ideal investment for an owner/user or developer seeking to repurpose the asset. The Kohl’s building is 88,248 SF, was built in 2003, and is situated on a large 9.82 lot.

The Kohl’s is located near the signalized intersection Chenal Parkway and Parkway Place Drive with over 44,000 vehicles passing by the property on a daily basis. Chenal Parkway is the primary retail corridor serving the immediate trade area and neighborhoods. Directly east of the property within 2-miles are other major retailers such as The Home Depot, Sam’s Club, Walmart Supercenter, Target, Whole Foods, Hobby Lobby, Aldi, Best Buy, Lowe’s and more. Just West on Chenal Parkway are more retail developments most notably a new Costco recently opened on Chenal and Kirk Road, as well as The Promenade at Chenal (340,000 SF), an upscale outdoor shopping center with popular brands and an IMAX Theater. Combined, these retail and commercial developments put Kohl’s directly in the middle of this busy trade area, providing great crossover synergy and increasing consumer traffic to the property. The subject property has multiple points of ingress and egress making it easy for a potential new development to handle any increase in customer traffic. The 5-mile trade area is supported by a population of over 66,000 residents with an average household income exceeding $120,000.

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