Walgreens Pharmacy
Single-Tenant Offerings
Walgreens Pharmacy
Dollarway Rd. & N. Lane St.
Pine Bluff (South of Little Rock), AR
- Price:
- $2,164,000
- Cap Rate:
- 5.40%
- NOI:
- $116,850
- Rentable SQFT:
- 2,501 SF
- Year Built:
- 2022
- Lot Size:
- 0.45 +/- Acres
- Lease Type:
- Absolute NNN
- Status:
- Under Contract
Investment Highlights
- New 10-Year Absolute NNN Lease with No Early Termination
- Relocation of High-Performing Store Down the Street
- Corporate Guaranty (NASDAQ: WBA), Investment Grade Credit Rated ‘BBB’ by S&P
- 5% Increases Every 5 Years Beginning in Each Option Period
- Brand New High-Quality Construction with a Drive-Thru
- Smaller “Cooper” Prototype Building Offers a Full Pharmacy
- Essential Retailer, Walgreens Remained Open Nationwide
- DoorDash Partnership with Walgreens, Delivers Over the Counter Medicine and Other Products from Walgreens
- Serving Over 52,800 Residents in Established Trade Area
- Lack of Competition, Only National Drugstore within a 5-Mile Radius
- Hard Corner Location Along Major Artery with Direct Access to Whitehall and Downtown Little Rock
- Strategic Location, Minutes to the Jefferson Regional Medical Center with 1,575 Employees
- Close Proximity to the University of Arkansas at Pine Bluff with 2,500 Students
- Just West of the New $350 Million Saracen Casino Resort
- Adjacent to Super 1 Foods Grocery Store
- Strong Daytime Population with Over 19,000 Employees
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