Walgreens

8815 Stagecoach Road, Little Rock, AR

   SOLD!   

$6,000,000

Price

5.75%

Cap Rate

15,000 sqft

Building Size

Gallery
Street
Map
Overview
Cap Rate
5.75%
Building Size
15,000 sqft
Lot Area
1.88 sqft
Occupancy
100%
Class
A
Lease Type
Absolute Net
Year Built
2012
Price Per Sqft
$400
Zoning
Commercial
Tenancy
Single
Parking Spots
85
Year Last Renovated
2012
Gross Leaseable Area
15000
Construction Status
Masonry - New Construction
Parking Ratio
5.671
Lease Expire Year
09/30/2087
Investment Strategy
Core
Description

TD Commercial Group is pleased to present an excellent opportunity is acquire a Long Term Absolute NNN Walgreens in the Little Rock, Arkansas. 17.25+ Years Remaining on the Absolute NNN Lease with Zero Landlord Responsibilities. Corporate Guaranty by Investment Grade Tenant Walgreens Corporation. This is a Proven Location with Strong Consistent Population Growth. Strong Traffic Counts of over 63,930+ Vehicles Per Day. The property is the only Pharmacy in the surrounding area and sits on a Hard Corner Signalized Location. Surrounded by National Tenants Including Bass Pro Shops, Dave & Buster's, Harley Davidson, Dollar General, Subway, Auto Zone, Valero, Domino's Pizza, Sonic, McDonald's, O'Reilly Auto Parts, Citgo.

This opportunity consists of the fee simple ownership interest in a 15,000 square foot store situated on 1.88 acres and subject to an absolute NNN lease expiring in 2087 (17.25 Years Remaining before Renewal Option Periods).

Highlights
  • 17.25+ Years Remaining on Absolute NNN Lease | Zero Landlord Responsibilities
  • 63,930+ Vehicles Per Day | Double Drive Thru Location
  • Corporate Guaranty by Walgreens Corporation
  • Surrounded By National Retailers | Only Pharmacy in Immediate Trade Area
  • Surrounded by High-End Residential Communities with Ideal Demographics for a Drugstore
  • Hard Corner Signalized Location with Excellent Ingress / Egress
Documents
Title
Walgreens_Little_Rock_OM.pdf
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Location
Gallery