3234 E Robinson Ave
Springdale, AR 72764
Walgreens · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- LONG TERM LEASE – An original 25 year lease, with ±8 years currently remaining. There are an additional 50 years of option periods starting in 2033.
- This location has a local population of nearly 13,000 residents in a one-mile radius surrounding the property with a growth of 4.6% in the last 5 year
- STRONG COMMUNITY SYNERGY – Surrounded by multiple national retailers such as Walmart, Tractor Supply, Dollar General, etc
- PASSIVE OWNERSHIP – Absolute NNN lease structure, with no landlord responsibilities.
- ECONOMIC DEVELOPMENTS – Multiple new homes currently in the process of being constructed directly next to the subject property along E Robinson Ave.
- CORPORATE GUARANTEE – Lease is corporately guaranteed by Walgreens (NASDAQ: WBA).
EXECUTIVE SUMMARY
Broker of Record
Kyle Matthews
License No. PB00084217 (AR)
Kyle Matthews
License No. PB00084217 (AR)
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Drug Store
Building Size
14,550 SF
Building Class
B
Year Built
2008
Price
$4,588,000
Price Per SF
$315.33
Cap Rate
8.50%
NOI
$389,980
Tenancy
Single
Building Height
1 Story
Opportunity Zone
Yes
PROPERTY TAXES
| Parcel Number | 815-30507-000 | Improvements Assessment | $287,540 |
| Land Assessment | $58,740 | Total Assessment | $346,280 |
