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WALGREENS | NNN | 17+ YR HISTORICAL OCCUPANCY 15500 Chenal Pky 14,820 SF Retail Building Little Rock, AR 72211 $10,152,661 CAD ($685.06 CAD/SF) 7% Cap Rate
Investment Highlights
- NNN Lease. 17+ Year Historical Occupancy Demonstrating Strong Commitment to the Location. Serves Beer & Wine, and Features a Drive-Thru Pharmacy.
- Walgreens is a Leading U.S. Retail Pharmacy with over 8,000 Stores Currently Operating throughout the U.S. and Puerto Rico.
- Strong West Little Rock Population Growth Trends - West Little Rock Continues to Capture Residential Growth as new Housing Developments Expand.
- Prime Chenal Parkway Signalized Hard Corner Location - Along Chenal Parkway, one of Little Rock’s most Affluent & Heavily Trafficked Retail Corridors.
- Densely Populated and Affluent Area: Average Household Income of more than $121k w/in a 3-Mile Radius and 90k+ People Residing w/in 5 Miles.
- Direct Access to Interstate 430 - Minutes from Interstate 430, providing Direct Connectivity to Interstate 630 and Interstate 30.
Executive Summary
Walgreens | NNN Lease | Near Chenal Valley Master Planned Community | Signalized Hard Corner | Densely Populated & Affluent Area: $121k+ Avg. HHI | 17+ Year Historical Occupancy | Immediate Area Experiencing Major Growth | Convenient Access to Downtown Little Rock | Strong Retail Synergy Nearby | Direct Access to I- 430 | Minutes from The Promenade At Chenal Open Air Lifestyle 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
2008
Price
$10,152,661 CAD
Price Per SF
$685.06 CAD
Cap Rate
7%
NOI
$710,686 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.20
Lot Size
1.67 AC
Parking
52 Spaces (3.51 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Drive Thru
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Walgreens
- Retailer
- 14,820 SF
- -
- Triple Net
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Walgreens | Retailer | 14,820 SF | - | Triple Net | - |
Nearby Major Retailers
Property Taxes
| Parcel Number | 44L-075-04-003-00 | Improvements Assessment | $278,073 CAD |
| Land Assessment | $447,425 CAD | Total Assessment | $725,497 CAD |
Property Taxes
Parcel Number
44L-075-04-003-00
Land Assessment
$447,425 CAD
Improvements Assessment
$278,073 CAD
Total Assessment
$725,497 CAD
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WALGREENS | NNN | 17+ YR HISTORICAL OCCUPANCY | 15500 Chenal Pky
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