Description
SRS Real Estate Partners, Capital Markets has been exclusively retained to offer qualified investors the unique opportunity to acquire Westgate Shopping Center (or the “Property”), a 52,386 SF neighborhood retail center on 4.73 acres in the Midtown Submarket of Little Rock, Arkansas.
Westgate Shopping Center offers investors an opportunity to acquire a market-leading retail center with value-add optionality in the heart of Arkansas’ capitol city.
Westgate Shopping Center occupies a high-visibility corner at Cantrell Road and North Bryant Street, positioned along the primary thoroughfare linking Central Little Rock to its wealthiest western suburbs. The surrounding trade area — encompassing The Heights, Cammack Village, Hillcrest, Midtown, and Reservoir — boasts average household incomes above $127,000 within a one-mile radius.
The Property features a curated blend of national and local tenants, including 10 Fitness, Dollar Tree, Baptist Health Urgent Care, and Orange Theory Fitness. With challenging topography restricting development, new competition is limited in an already supply-constrained retail market.
The trade area benefits from consistent employment generators, anchored by the University of Arkansas for Medical Sciences, Baptist Health, and local and state government employment.