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Drug Store

Walgreens

310 S Martin St, Warren, AR 71671

Listing Price: $3,541,616

Cap Rate
6.00%
Tenant Name
Walgreens
Years Remaining On Lease
10.0
Guarantor
Corporate Guarantee
Rentable SF
8,791
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$24.17

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Walgreens located at 310 S. Martin Street, Warren, AR 71671. The site consists of roughly 8,791 rentable square feet of building space on estimated 1.19-acre parcel of land. This Walgreens is subject to a ±10.2-year absolute triple-net (NNN) lease, which commenced September 17th, 2012. The current annual rent is $212,497. The tenant has 9 Options to terminate the lease until 09/30/2077. * Tenant retains the right to terminate lease with a six (6) months prior notice to possible lease termination dates (hereby referred to as “Options”)

Investment Highlights

  • Long-Term, ±10.2-Year Absolute Triple Net (NNN) Lease
  • Tenant Recently Exercised a 10-Year Term Extension –Showing a Commitment to the Site
  • Nine (9) –Five(5) Year Tenant Options to Terminate The Lease Beginning 10/01/2032 (Initial Option)

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

  • Judson Kauffman

    Licensed Real Estate Salesperson

    (212) 430-5204

    Email Judson

    License(s): NY: 40KA1034273, NY: 10401296108

    Manhattan

Broker of Record

  • Anne Williams

    First Vice President Investments

    (901) 620-3600

    License(s) AR: PB00066390

    Arkansas

Drug Store

Walgreens

Listing Price: $3,541,616

Cap Rate
6.00%
Tenant Name
Walgreens
Years Remaining On Lease
10.0
Guarantor
Corporate Guarantee
Rentable SF
8,791
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$24.17

Investment Highlights

  • Long-Term, ±10.2-Year Absolute Triple Net (NNN) Lease
  • Tenant Recently Exercised a 10-Year Term Extension –Showing a Commitment to the Site
  • Nine (9) –Five(5) Year Tenant Options to Terminate The Lease Beginning 10/01/2032 (Initial Option)

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Walgreens located at 310 S. Martin Street, Warren, AR 71671. The site consists of roughly 8,791 rentable square feet of building space on estimated 1.19-acre parcel of land. This Walgreens is subject to a ±10.2-year absolute triple-net (NNN) lease, which commenced September 17th, 2012. The current annual rent is $212,497. The tenant has 9 Options to terminate the lease until 09/30/2077. * Tenant retains the right to terminate lease with a six (6) months prior notice to possible lease termination dates (hereby referred to as “Options”)

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

  • Judson Kauffman

    Licensed Real Estate Salesperson

    (212) 430-5204

    Email Judson

    License(s): NY: 40KA1034273, NY: 10401296108

    Manhattan

Broker of Record

  • Anne Williams

    First Vice President Investments

    (901) 620-3600

    License(s): AR: PB00066390

    Arkansas

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