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WALGREENS | NNN | ADJACENT TO PROPOSED CFA 4015 W Wedington Dr 14,820 SF Retail Building Fayetteville, AR 72704 $5,437,500 ($366.90/SF) 8% Cap Rate
Investment Highlights
- NNN Lease. 11+ Year Historical Occupancy Demonstrating Strong Commitment to the Location. This Location Serves Beer, Wine, and Drive-Thru Pharmacy.
- Situated at a Highly Visible Signalized Intersection along West Wedington Drive, one of Fayetteville’s Major Commercial Arteries.
- Densely Populated and Affluent Area: Average Household Income of $87k+ within a 1-Mile Radius and 95k+ People Residing within 5 Miles.
- Ranked in the Top 26% in the Chain Nationwide and Top 18% in Arkansas per Placer.ai based on Foot Traffic.
- Walgreens is a Leading U.S. Retail Pharmacy with over 8,000 Stores Currently Operating throughout the U.S. and Puerto Rico.
- Minutes from University of Arkansas - the Largest University in the State with 32k+ Students Enrolled.
Executive Summary
Walgreens | NNN Lease | Signalized Hard Corner - Strong Daily Traffic Counts | Minutes from University of Arkansas | Densely Populated & Affluent Area | 11+ Yr Historical Occupancy | Immediate Area Experiencing Major Growth - Fayetteville is one of Fastest-Growing Cities in the United States | Direct Access to Interstate 49 | Near VA Medical Center
Arkansas Broker of Record: Steve Greer | 10527 Kentshire Court, Suite B Baton Rouge, LA 70810 | P: (225) 376-6729 | Lic #: PB00098133 | Steve.Greer@MarcusMillichap.com
Arkansas Broker of Record: Steve Greer | 10527 Kentshire Court, Suite B Baton Rouge, LA 70810 | P: (225) 376-6729 | Lic #: PB00098133 | Steve.Greer@MarcusMillichap.com
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
14,820 SF
Building Class
B
Year Built
2014
Price
$5,437,500
Price Per SF
$366.90
Cap Rate
8%
NOI
$435,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Lot Size
2.17 AC
Zoning
C1
Parking
54 Spaces (4.73 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Signage
- Signalized Intersection
- Drive Thru
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Walgreens
- Retailer
- 14,820 SF
- -
- Triple Net
- May 2034
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Walgreens | Retailer | 14,820 SF | - | Triple Net | May 2034 |
Somewhat walkable
30/100
Exceptionally drivable
100/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 765-22360-000 | Improvements Assessment | $304,790 |
| Land Assessment | $205,000 | Total Assessment | $509,790 |
Property Taxes
Parcel Number
765-22360-000
Land Assessment
$205,000
Improvements Assessment
$304,790
Total Assessment
$509,790
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WALGREENS | NNN | ADJACENT TO PROPOSED CFA | 4015 W Wedington Dr
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