900 W Pershing Boulevard
North Little Rock, AR 72114 ·
33,268 SF · Retail For Sale
KROGER / Little Rock / 10+ CAP
|Building Size||33,268 SF||Cap Rate||10.11%|
|Property Use Type||Net Lease Investment with 6 years left on lease||Lot Size||2.27 AC|
|Listing ID: 16675674||Date Created: 05/06/2010||Last Updated: 03/03/2011|
Cap Rate: 10.11%** Effective Nov. 2010
Land Area: 2.27 acres.
Building Size: Free Standing 33,268 sq. ft.
NOI:Current NOI is $292,717.00 a year and will be increased to $305,000.00 in November 2015 and will again be increased to $305,076.00 in November 2015. Average NOI for the remainder of term is estimated at $295,000.00.
Lease Term: Triple Net lease is through February 28, 2017.
Options: Four-5-Year Options with CPI Increases.
Lease Type: Absolute NNN
Sales: Please download and sign Confidentiality Agreement. You may either email or fax it to .
Absolute NNN Lease with Zero LL Responsibilities.
Excellent Visibility & Access. The property is on a hard corner with high traffic counts, with a signalized intersection seconds from Interstate 40.
Excellent ingress and egress.
Kroger (ticker: KR) is the nation's largest grocer and operates more than 2,400 food stores. Kroger is ranked Number 2 of the Top 100 Retailers by Planet Retail, based upon annual revenues as reported in SEC filings
The location is seconds from Interstate 40 which has daily traffic counts approximately 18,000 cars per day on Pike and 14,000 on Pershing.
- CAP Rate 10.11%
- Free Standing 33,268 sq. ft. Building.
- Located at the southeast corner of Pershing and Pike, a signalized intersection seconds from Interstate 40. The property is on a hard corner with hig
- Current NOI is $292,717.00 a year and will be increased to $305,076.00 in November 2015.
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