Listed by Marcus & Millichap - San Diego, Colliers - Little Rock, Arkansas
$6,930,667
WALGREENS | NNN LEASE | 17+ YEAR HISTORICAL OCCUPANCY
Details
APN 44L-075.04-003.00
Property Type Retail
Sub Type Convenience Store, Grocery Store
Square Footage 14,820
Units 1
Cap Rate 7.5%
NOI $519,800
Tenancy Single
Brand/Tenant Walgreens, CVS Pharmacy
Lease Type NNN
Lease Expiration 06/29/2033
Remaining Term 7
Class A
Year Built 2008
Stories 1
Acreage 1.670
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Ground Lease No
Retail | 7.50% CAP | 14,820 SqFt
Marketing description
PLEASE VISIT THE PROPERTY WEBSITE TO DOWNLOAD FULL MARKETING PACKAGE:
Investment highlights
- NNN Lease. 17+ Year Historical Occupancy Demonstrating Strong Commitment to the Location. This Location Serves Beer & Wine, and Features a Drive-Thru Pharmacy.
- Prime Chenal Parkway Signalized Hard Corner Location - Located Along Chenal Parkway, one of Little Rock’s most Affluent and Heavily Trafficked Retail Corridors.
- Densely Populated and Affluent Area: Features an Average Household Income of more than $121k within a 3-Mile Radius and over 90k People Residing within a 5-Mile Radius.
- Walgreens is a Leading U.S. Retail Pharmacy with over 8,000 Stores Currently Operating throughout the U.S. and Puerto Rico. In August 2025, Walgreens Boots Alliance was Acquired Privately by Sycamore Partners, a New York-based Private Equity Firm.
- Near the Chenal Valley Master Planned Community - a Highly Desirable Master Planned Community known for Luxury Residential Neighborhoods, Golf Course Estates, and Consistent Long Term Population Growth.
- Minutes from The Promenade At Chenal - an Open Air Lifestyle Center featuring Apple, Nike, Dillard’s, Anthropologie, and High Performing National Retailers Driving Significant Consumer Traffic.
- Strong West Little Rock Population Growth Trends - West Little Rock Continues to Capture Residential Growth as new Housing Developments Expand along Chenal Parkway and Highway 10 Corridors.
- In Close Proximity to Numerous National Retailers including Costco, Kroger, Target, The Home Depot, Walmart Supercenter, Sam's Club, Whole Foods, Trader Joe's, Lowe's, At Home, Best Buy, Hobby Lobby, Marshalls and many more. Direct Access to Interstate 430 - Minutes from Interstate 430, providing Direct Connectivity to Interstate 630 and Interstate 30, offering Regional Access throughout Little Rock and the Greater Central Arkansas Market.
Listing Contacts
Listed by Marcus & Millichap - San Diego, Colliers - Little Rock, Arkansas
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$519,800.00
$43,316.67/mo
Valuation Metrics
0
DSCR
7.5%
Cap Rate
7.5%
ROI
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