|
| Documents |
|
The following documents require registration with Stan Johnson Company before viewing. Click here to register.
|
|
| Property Description |
|
Founded in 1901, Walgreens (NYSE: WAG) is a national retail pharmacy chain considered to be the leader in innovative drugstore retailing. The company operates nearly 5,997 stores in 48 states and Puerto Rico and has three mail order facilities. Prescription drugs account for nearly 64% of sales; the rest comes from general merchandise, over-the-counter medications, cosmetics, and groceries.
As of February 29, 2008, Walgreen Co. had a net worth in excess of $12.0 billion and currently holds an A+ rating by Standard and Poor's, as well as a long term rating of Aa3 by Moody's.
|
|
|
| Location Description |
|
| The property is located in West Little Rock along Chenal Parkway. The Chenal Parkway corridor is the premier retail shopping destination in Little Rock. Chenal Parkway is also home to several corporate headquarters, executive office buildings, automotive dealerships and prestigous golf courses. |
|
|
| | Walgreens Pharmacy
15500 Chenal Pky.
Little Rock,
AR
72211
| |
General Info | | Property Type
Retail
Price
$7,758,000
Segment Type
Drug
Building Size
14,550 sqft
Land Area
1.65 Acres
|
Cap Rate
6.70%
Lease Type
1031 Exchange
Remaining Term
25 years
Current NOI
$519,800
Status
Sold
|
|
|
| Highlights |
|
-
NNN-zero landlord responsibilities
- Annual rent of $519,800
- Rent commences: June 2008
|
|
|
|
