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Walgreens

$6,000,000

8815 Stagecoach Road, Little Rock, AR 72210

Active
Last Updated: 08/24/2021

5.75

Cap Rate

15,000 sqft

Building Size

Details:
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:    15,000
Construction Status:    Masonry - New Construction
Parking Ratio:    5.671
Lease Expire Year:    09/30/2087
Investment Strategy:    Core
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
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).

Map:
Documents:
Title
Walgreens_Little_Rock_OM.pdf
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Location
Gallery