New Retail Development Near Rental Property -- Little Rock, AR

[Account Closed]

I have a rental property in Little Rock, AR less than half a mile from this new retail development in Little Rock, AR.  Raising Cane's, Uncle Julio's, Chili's and Starbucks are just a few brands planning to occupy space here.   For those of you familiar with this market, how do you think this will effect appreciation/rent?  What have you experienced with your rentals near a major retail development?  Any other thoughts in general?

The District at Midtown -- https://www.arcgis.com/apps/Cascade/index.html?appid=e719042c045b448cb55a72b60bd48045

[Mark Rogers]

I like the location for rentals and think the addition will help.  We've tried to buy in that area a few times but have not yet been able to make the numbers work for both us and the seller.  We'll keep trying.  Theft has been a bit of an issue close to the development.  Not sure whether the new development will help with that. Still, I think you'll see more appreciation than many surrounding areas.  You probably also saw that the City tentatively plans on closing the War Memorial Golf Course across the street from the new development and convert it to other park-like uses.  That could also help.  You're in a good location that will likely only get better over the next few years.