3234 E Robinson Ave - Drug Store FOR SALE
Springdale, AR 72764 |
3234 E Robinson Ave
Springdale, AR 72764
HIGHLIGHTS
- LONG TERM LEASE – An original 25 year lease, with ±8 years currently remaining. There are an additional 50 years of option periods starting in 2033.
- PASSIVE OWNERSHIP – Absolute NNN lease structure, with no landlord responsibilities.
- This location has a local population of nearly 13,000 residents in a one-mile radius surrounding the property with a growth of 4.6% in the last 5 year
- ECONOMIC DEVELOPMENTS – Multiple new homes currently in the process of being constructed directly next to the subject property along E Robinson Ave.
- STRONG COMMUNITY SYNERGY – Surrounded by multiple national retailers such as Walmart, Tractor Supply, Dollar General, etc
- CORPORATE GUARANTEE – Lease is corporately guaranteed by Walgreens (NASDAQ: WBA).
FOR SALE DETAILS
PRICE
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CAP RATE
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% LEASED
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TENANCY
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BUILDING DETAILS
PROPERTY NAME
Walgreens
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Drug Store
TOTAL BUILDING SIZE
14550
STORIES
1
YEAR BUILT
2008
SPRINKLERS
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PARKING SPACES
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LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
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APN/PARCEL ID
815-30507-000
