Limited Competition NNN Arkansas Walgreens 1601 Fayetteville Rd 14,181 SF Retail Building Van Buren, AR 72956 $4,371,766 CAD ($308.28 CAD/SF) 11% Cap Rate

Walgreens has been operating at the site for 22 years and has over 3 years of firm term remaining before the 10 (5-year) option periods. Walgreens operates under a absolute triple net lease, which provides for no landlord obligations whatsoever. Van Buren is the second largest city in the Forth Smith, Arkansas Oklahoma Metropolitan Statistical Area and is located just 5 miles to the North of Fort Smith.
The Property is situated adjacent to the Interstate 40 and Fayetteville Road interchange, connecting Oklahoma City to the east and Little Rock to the west, with over 60,000 combined vehicles daily. Strategically positioned as the only Walgreens property north of the Arkansas River, the Property serves the entire Van Buren market. Additionally, the Property benefits from being located in the central retail hub in Van Buren, with complimentary national retail tenants including Walmart Supercenter, Lowes, Aldi, and Tractor Supply.
Ideally located as the closest national chain drugstore to the recently constructed (2018) Baptist Health – Van Buren, the Property directly serves the 103-bed regional medical facility, which anchors healthcare for the broader Van Buren market. Additionally, the Property benefits from proximity to major local employers, including Bekaert Corporation (2 miles east) and Simmons Foods, Inc. (2 miles south), which combined have invested over $150 million in economic development and expansion, fueling job growth in the local economy.
Listed in conjunction with Brian Brockman, Bang Realty - Arkansas Inc, 513-898-1551, wg@bangrealty.com, AR DRE Lic. PB00082359.