For Sale
$3,389,000

819 Main StJacksonville, AR 72076

Arkansas Pharmacy - High ROI

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional investment opportunity presents a 14,560 square foot Walgreens pharmacy in Jacksonville, Arkansas. Built in 2004, this absolute NNN leased property boasts a drive-thru, high-image store prototype, and a prime location on a hard corner at a signalized intersection. The lease, with a corporate guarantee, has approximately five years remaining, with ten, five-year renewal options. The property sits on 1.63 acres and benefits from excellent visibility and accessibility. The current lease commenced January 1, 2004, and expires November 30, 2029. The asking price is $3,389,000, representing a 9.00% cap rate and a price per square foot of $232.76. The property generates a net operating income (NOI) of $305,000 annually. This is a strong investment opportunity anchored by Walgreens, the second largest pharmacy chain in the United States, in a suburban Little Rock location with nearby national tenants including Subway, McDonald's, Wendy's, Dollar General, and Popeyes. The property features rent bumps and is 100% occupied. This is a rare opportunity to acquire a well-performing, low-maintenance, net-leased property with a strong tenant and significant remaining lease term.

Highlights

  • Absolute NNN lease; no landlord responsibilities.
  • 2004 Walgreens build-to-suit; drive-thru, high-image prototype.
  • Hard corner, signalized intersection; excellent visibility and access.
  • Five-year lease remaining; ten, five-year renewal options.
  • 14,560 SF building on 1.63 acres.
  • Walgreens, second-largest US pharmacy chain.

Property Details for 819 Main St

Property type
Retail properties, Drug stores
Square Feet
14,560 SF
Year Built
2004
Lot Size (sq. ft)
71,003 SF

Location Insight

City
Jacksonville
County
Pulaski
State
Arkansas
Latitude
34.867205560458
Longitude
-92.118310217511
819 Main St, Jacksonville, Arkansas

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819 Main St
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