3234 E Robinson Ave - Drug Store FOR SALE
Springdale, AR 72764 |
$4,588,000 USD
949-777-5984
3234 E Robinson Ave
Springdale, AR 72764
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.
- PASSIVE OWNERSHIP – Absolute NNN lease structure, with no landlord responsibilities.
- 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
- ECONOMIC DEVELOPMENTS – Multiple new homes currently in the process of being constructed directly next to the subject property along E Robinson Ave.
- STRONG COMMUNITY SYNERGY – Surrounded by multiple national retailers such as Walmart, Tractor Supply, Dollar General, etc
- CORPORATE GUARANTEE – Lease is corporately guaranteed by Walgreens (NASDAQ: WBA).
FOR SALE DETAILS
PRICE
$4,588,000 USD
PRICE/SF
$320 USD /SF
CAP RATE
8.5%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Walgreens
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Drug Store
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2008
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
-
APN/PARCEL ID
815-30507-000
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949-777-5984
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949-777-5984
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