Walgreens: Hot Springs, AR
Retail | 7.75% CAP | 14,422 SqFt
Marketing description
CBRE is pleased to offer for sale the 14,422-square-foot Walgreens positioned on 2.73 acres in Hot Springs, AR (MSA Population: 100,000+). Originally set to expire in 2034, Walgreens’ absolute NNN lease was extended through 2038 and now features ±12.3 years of primary term remaining with eleven, 5-year options to renew.
Investment highlights
Originally set to expire in 2034, Walgreens’ absolute NNN lease was extended through 2038 and now features ±12.3 years of primary term remaining with eleven, 5-year options to renew.
Positioned approximately 52 miles southwest of Little Rock and 6 miles southwest of downtown Hot Springs, Walgreens is located at the hard-corner, signalized intersection of Airport Road (34,000 VPD) and Kinsey/Marion Anderson Road (4,100 VPD).
Walgreens is immediately adjacent to Lost Creek Grill, Rafter R Farm Supply, Paradise Donuts and Wolf Nutrition.
In total, there are 5.3 MSF of retail, 1 MSF of office, 1.9 MSF of industrial and 3,622 multifamily units within a 5-mile radius of the site. Major retailers proximate to the site include Dollar Tree, AutoZone Auto Parts, McDonald’s, Taco Bell, O’Reilly Auto Parts, Walmart Neighborhood Market, Sonic Drive-In and Dollar General Market.
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