Walgreens
Little Rock, Arkansas
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NNN Pro Group is pleased to present the exclusive listing for a Walgreens located in Little Rock, Arkansas. The property consists of 13,500 square feet of building space and sits on 1.10 acres of land.
This Walgreens has roughly 2.5 years remaining on original 20-year double (NN) leases. The leases expire in 2025. The current annual net operating income is$179,820. Walgreens extended the leases for a firm 10 years in 2015, for a ten percent rent reduction. Walgreens has eight, five-year tenant renewal options.
About the Investment:
✓ Double-Net (NN) Lease with Approximately 2+ Years Remaining
✓ 10 Year Term Extension in 2015 at a 10% Rent Reduction
✓ Corporate Guarantee from Walgreens Co. (NYSE: WBA)
✓ Investment Grade Credit – S&P Rating: BBB