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KROGER / Little Rock / 10+ CAP
900 W Pershing Boulevard, North Little Rock, AR 72114
33,268 SF | Retail
Retail Property - Off Market
- Building Size:
- 33,268 SF
- Property Type:
- Property Sub-type:
- Additional Sub-types:
- Free Standing Bldg
- Property Use Type:
- Net Lease Investment with
- 6 years left on lease
- Commission Split:
- Cap Rate:
- Lot Size:
- 2.27 AC
- Listing ID
- Last Updated
- over 1 year ago
- 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.
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.
Map of 900 W Pershing Boulevard, North Little Rock, AR 72114 (Pulaski County)
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The information above has
been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified
it and make no guarantee, warranty or representation about it. It is your responsibility to independently
confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are
for example only and do not represent the current or future performance of the property. The value of
this transaction to you depends on tax and other factors which should be evaluated by your tax, financial,
and legal advisors. You and your advisors should conduct a careful, independent investigation of the
property to determine to your satisfaction the suitability of the property for your needs. TB-BSO