For Sale
$3,879,000

1325 Main St Cabot, AR 72023

High-yield Walgreens, Absolute NNN lease.

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional investment opportunity presents a fee-simple, single-tenant Walgreens located at 1325 W Main St, Cabot, AR 72023. The 13,386 square foot property, built in 2007, sits on a 1.59-acre lot and boasts 50 parking spaces. The property benefits from a highly visible, signalized corner location on Main Street, a key thoroughfare in Cabot, a suburb of Little Rock. Its strategic placement within two miles of five schools (over 5,000 students and faculty) and across from a Kroger grocery store (675,000 annual visits) ensures high traffic and strong consumer base. The property is the only major corporate drugstore in its immediate trade area. The Walgreens lease is an Absolute NNN, providing a corporate guarantee and approximately eight years remaining on the lease term. The property's strong financials include a $3,879,000 asking price, an 8.25% cap rate, and a net operating income (NOI) of $320,000. The building is a single-story structure with 100% occupancy. This is a stabilized investment with a proven track record, offering a compelling return on investment in a desirable location. The property's location and tenant strength make it an ideal addition to any portfolio. The Lonoke County location is further enhanced by its proximity to multiple hotels. The property's APN is 723-70495-000.

Highlights

  • $3,879,000 asking price, 8.25% cap rate, and $320,000 NOI.
  • Absolute NNN lease with Walgreens, a corporate guaranteed lease, with approximately eight years remaining.
  • 13,386 square foot, single-story building on a 1.59-acre lot with 50 parking spaces, built in 2007.
  • High-visibility, signalized corner location on Main Street in Cabot, AR (suburb of Little Rock).
  • Located within two miles of five schools (over 5,000 students and faculty) and across from a Kroger grocery store (675,000 annual visits). Only major corporate drugstore in the immediate trade area.

Property Details for 1325 Main St

Property type
Retail properties, Drug stores
Square Feet
13,386 SF
Year Built
2007
Buildings
1
Stories
1
Lot Size (sq. ft)
69,260 SF
Units
1

Location Insight

City
Cabot
County
Lonoke
State
Arkansas
Latitude
34.977915262228
Longitude
-92.028913046248

FAQs

What type of property is this?
Retail property - High-yield Walgreens, Absolute NNN lease.
Where is the retail property located?
The property is located at 1325 Main St Cabot, AR.
What is the asking price?
The asking price for this property is $3,879,000.
What are key features of this property?
This property features: $3,879,000 asking price, 8.25% cap rate, and $320,000 NOI.; Absolute NNN lease with Walgreens, a corporate guaranteed lease, with approximately eight years remaining.; 13,386 square foot, single-story building on a 1.59-acre lot with 50 parking spaces, built in 2007.
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1325 Main St
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