Skip to Content

Walgreens

Little Rock, Arkansas

Map View

Street View

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

Key Details

Price:
$1,650,000
Cap Rate:
10.89%
Annual Rent:
$179,820
Address:
5525 West 12th Street, Little Rock, Arkansas 72204
Property Type:
Net Leased Drug Store
Lease Type:
Double Net (NN)

Original Lease Term:
20 Years
Lease Commencement:
January 1, 1995
Lease Expiration:
September 30, 2025
Lease Term Remaining:
+/- 2.5 Years
Lot Size:
1.10 Acres
Building Size:
13,500 SF
Year Built:
1995
Tenant:
Walgreens

Talk to the pros

Glen Kunofsky

License: 49KU1129178

Russell Wachtler

License: 10401294048

Adam Friedlander

License: 10301213841

Edward DeMatteis

Broker of record

Brian Brockman

Bang Realty-Arkansas, Inc

License: PB00082359


Similar Properties

available

Red Lobster

3941 William Penn Highway, Little Rock, Arkansas, 15146

available

Red Lobster

1690 Westbrook Plaza Dr, Little Rock, Arkansas, 27103

available

Red Lobster

755 Zane Street , Little Rock, Arkansas, 43701

available

Burger King

26383 Main St, Little Rock, Arkansas, 38449