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1601 Main St
Little Rock, AR 72206
Walgreens · Retail Property For Sale
Investment Highlights
- 13+ Years of Absolute NNN Income Backed by One of America’s Most Recognized Pharmacy Brands
- Major Citywide Revitalization and Infrastructure Investment
- Proximity to Clinton National Airport Driving Year Round Demand
- Infill Urban Location Anchored in Downtown Little Rock
- Expanding Private Sector Development Momentum
- Residual Land Value Optionality | Resilient Demographics Supporting Core Trade Area Stability
Executive Summary
Northmarq is pleased to offer for sale to qualified investors the opportunity to purchase a single tenant Walgreens located at 1601 Main Street in Little Rock, Arkansas. The Property consists of a 15,225 square foot building situated on a rare 2.07 acre parcel that occupies a full city block along the Main Street corridor, providing exceptional site control and long term residual land value potential in the path of downtown expansion.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
15,225 SF
Building Class
B
Year Built
2011
Price
$6,472,200 CAD
Price Per SF
$425.10 CAD
Cap Rate
7.50%
NOI
$485,415 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
2.07 AC
Opportunity Zone
Yes
Zoning
C-4
Parking
80 Spaces (5.25 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Signalized Intersection
- Drive Thru
Property Taxes
| Parcel Number | 34L-020-01-113-00 | Improvements Assessment | $455,671 CAD |
| Land Assessment | $236,376 CAD | Total Assessment | $692,047 CAD |
Property Taxes
Parcel Number
34L-020-01-113-00
Land Assessment
$236,376 CAD
Improvements Assessment
$455,671 CAD
Total Assessment
$692,047 CAD
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