This property is Off-Market

900 W Pershing Boulevard
North Little Rock, AR 72114 ·

33,268 SF · Retail For Sale

N/A

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KROGER / Little Rock / 10+ CAP

Price N/A Commission Split 2%
Building Size 33,268 SF Cap Rate 10.11%
Property Type Retail Occupancy 100%
Property Sub-type
Anchor
More...
  • Free Standing Bldg
Tenancy Single
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

Description

Investment Summary

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 .

Highlights
Hard Corner
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.
Corporate Guaranteed

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.

Highlights

  • 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.

Research

900 W Pershing Boulevard, North Little Rock, AR 72114 (Pulaski County)

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