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Walgreens 8815 Stagecoach Rd 14,880 SF 4-Star Retail Building Little Rock, AR 72209 $3,415,842 ($229.56/SF) 10.10% Cap Rate



INVESTMENT HIGHLIGHTS
- 12 Years remaining on initial lease term
- Walgreens was recently acquired by financially stable private equity firm
- True NNN with tenant responsible for CAM, taxes and insurance
- Assumable loan at 3.89% due in approxamately 6 years
EXECUTIVE SUMMARY
PRICE REDUCED to 10.1% CAP. Submit all offers - This Walgreens property is backed by an absolute NNN lease, providing investors with zero landlord responsibilities.
The lease includes over 12 years remaining on the original term, and while the site recently closed, it continues to generate full rent There is also potential for a substantial lease buyout by Walgreens, presenting a unique opportunity for value realization.
The tenant is responsible for all property maintenance, taxes, insurance, and operating expenses, further reinforcing the passive nature of the investment. There is an assumable 3.89% loan due in 6 years.
Strategically positioned at the signalized intersection of State Route 5 and State Route 338, the site benefits from excellent visibility and high traffic counts, with approximately 28,000 vehicles per day.
In a significant corporate development, Walgreens was recently acquired by Sycamore Partners, a well-capitalized private equity firm with plans to aggressively revitalize the chain’s pharmacy operations.
The lease includes over 12 years remaining on the original term, and while the site recently closed, it continues to generate full rent There is also potential for a substantial lease buyout by Walgreens, presenting a unique opportunity for value realization.
The tenant is responsible for all property maintenance, taxes, insurance, and operating expenses, further reinforcing the passive nature of the investment. There is an assumable 3.89% loan due in 6 years.
Strategically positioned at the signalized intersection of State Route 5 and State Route 338, the site benefits from excellent visibility and high traffic counts, with approximately 28,000 vehicles per day.
In a significant corporate development, Walgreens was recently acquired by Sycamore Partners, a well-capitalized private equity firm with plans to aggressively revitalize the chain’s pharmacy operations.
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Drug Store
Building Size
14,880 SF
Building Class
B
LoopNet Rating
4 Star
Year Built
2010
Price
$3,415,842
Price Per SF
$229.56
Cap Rate
10.10%
NOI
$345,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Lot Size
1.87 AC
Zoning
C-4 - Commercial
Parking
85 Spaces (5.71 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Signalized Intersection
- Drive Thru
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 44L-189-02-001-00 | Improvements Assessment | $367,552 |
| Land Assessment | $114,548 | Total Assessment | $482,100 |
PROPERTY TAXES
Parcel Number
44L-189-02-001-00
Land Assessment
$114,548
Improvements Assessment
$367,552
Total Assessment
$482,100
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Presented by
Corcoran Group of California
Walgreens | 8815 Stagecoach Rd
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