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29526193
29526194

115 Commons Dr, Maumelle, AR 72113

TF
CA CA 02137435
Matthews
CS
CA CA 02128480
Matthews
Listed by Matthews
$4,887,500
125 days on market
Updated 47 days ago

Walgreens

Details
Property Type Retail
Sub Type Pharmacy/Drug
Square Footage 14,820
Cap Rate 8.01%
Occupancy 100%
Tenancy Single
Brand/Tenant Walgreens
Lease Type Absolute NNN
Remaining Term 9
Year Built 2009
Acreage 1.730
Investment Type Net Lease

Retail | 8.01% CAP | 14,820 SqFt

Investment highlights

  • Long-Term Corporate Lease – Lease Is Signed by Walgreens Co., Which Was Recently Acquired by Sycamore Partners and Taken Private. The Lease Has Over 8.5 Years of Remaining Primary Term, Plus Multiple Extension Options Totaling Up to 50 Additional Years.

  • Absolute NNN Lease Structure – The Lease Provides Zero Landlord Responsibilities, Making It an Ideal Passive Investment With Predictable Cash Flow and Minimal Management Requirements.

  • Strong Visibility & Traffic Counts – The Property Is Positioned on a Hard Corner at Odom Blvd and Maumelle Blvd, Offering Excellent Visibility and Exposure to Approximately ±38,000 Vehicles per Day (Combined).

  • Kroger-Anchored Retail Synergy – The Walgreens Is Outparceled to a Kroger Grocery and Fuel Station and Benefits From Adjacency to Strong National Tenants Including Chick-fil-A, Sonic, Starbucks, U.S. Bank, Arby’s, Wendy’s, Zaxby’s, and Additional Local and Regional Retailers.

  • Limited Competition – This Location Is the Only National Drugstore Within the Immediate Trade Area. The Nearest Walgreens Is More Than ±10 Miles Away, Reinforcing Strong Market Positioning.

  • Essential, Recession-Resilient Tenant – Walgreens Has Demonstrated Long-Term Resilience Through Economic Downturns and the COVID-19 Pandemic as a Necessity-Based, Essential Retailer.

  • Little Rock MSA Demographics – The Property Is Located Within the Little Rock–North Little Rock–Conway MSA, Which Has a Growing Metropolitan Population of almost 750,000 Residents.

  • Sales Reporting – Sales Figures Available Upon Request. Please Contact the Broker for Additional Details.

Listing Contacts

TF
CA CA 02137435
Matthews
CS
CA CA 02128480
Matthews
Listed by Matthews

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Additional Information

Name
Kyle Matthews
License
PB00084217 (AR)
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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