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1800 Airport Rd
Hot Springs, AR 71913
Walgreens · Retail Property For Sale
Investment Highlights
- Absolute NNN Lease | Recently-Extended Through 2038 | Eleven, 5-Year Renewal Options
- Immediately Adjacent to Lost Creek Grill, Rafter R Farm Supply, Paradise Donuts and Wolf Nutrition
- Major Retailers Surrounding the Site Include: Dollar Tree, AutoZone Auto Parts, McDonald's, Taco Bell, Walmart Neighborhood Market, etc.
- Hard-Corner Signalized Intersection of Airport Road (34,000 VPD) and Kinsey/Marion Anderson Road (4,100 VPD)
- 5.3 MSF Retail, 1.0 MSF of Office, 1.9 MSF of Industrial and 3,622 Multifamily Units within 5-Miles
- 6 Miles Southwest of Downtown Hot Springs | MSA Population: 100,000+
Executive Summary
CBRE is pleased to offer for sale the 14,422-square-foot Walgreens positioned on 2.73 acres in Hot Springs, AR (MSA Population: 100,000+). Originally set to expire in 2034, Walgreens’ absolute NNN lease was extended through 2038 and now features ±12.4 years of primary term remaining with eleven, 5-year options to renew.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
14,422 SF
Building Class
B
Year Built
2009
Price
$3,251,700
Price Per SF
$225.47
Cap Rate
7.75%
NOI
$252,002
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
2.73 AC
Zoning
C-2 - General Commercial Zone
Parking
61 Spaces (4.23 Spaces per 1,000 SF Leased)
Amenities
- Pylon Sign
- Signage
- Signalized Intersection
- Drive Thru
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