1800 Airport Rd - Drug Store FOR SALE
Hot Springs, AR 71913 |
$3,251,700 USD
404-504-7900
1800 Airport Rd
Hot Springs, AR 71913
HIGHLIGHTS
- Absolute NNN Lease | Recently-Extended Through 2038 | Eleven, 5-Year Renewal Options
- Hard-Corner Signalized Intersection of Airport Road (34,000 VPD) and Kinsey/Marion Anderson Road (4,100 VPD)
- Immediately Adjacent to Lost Creek Grill, Rafter R Farm Supply, Paradise Donuts and Wolf Nutrition
- 5.3 MSF Retail, 1.0 MSF of Office, 1.9 MSF of Industrial and 3,622 Multifamily Units within 5-Miles
- Major Retailers Surrounding the Site Include: Dollar Tree, AutoZone Auto Parts, McDonald's, Taco Bell, Walmart Neighborhood Market, etc.
- 6 Miles Southwest of Downtown Hot Springs | MSA Population: 100,000+
OVERVIEW
CBRE is pleased to offer for sale the 14,422-square-foot Walgreens positioned on 2.73 acres in Hot Springs, AR (MSA Population: 100,000+). Originally set to expire in 2034, Walgreens’ absolute NNN lease was extended through 2038 and now features ±12.3 years of primary term remaining with eleven, 5-year options to renew.
FOR SALE DETAILS
PRICE
$3,251,700 USD
PRICE/SF
$225 USD /SF
CAP RATE
7.75%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Walgreens: Hot Springs, AR
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Drug Store
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2009
SPRINKLERS
-
PARKING SPACES
61
LAND DETAILS
LAND ACRES
2.73 AC
LAND SF
118,919 SF
ZONING
C-2
APN/PARCEL ID
-
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