Skip to main content

Drug Store

New Walgreens with Drive-Thru | Relocation Store

Dollarway Rd. & N. Lane St., Pine Bluff (South of Little Rock), AR 71602

Listing Price: $2,164,000

Cap Rate
5.40%
Tenant Name
Walgreens
Years Remaining On Lease
9.9
Guarantor
Corporate Guarantee
Rentable SF
2,501
Lease Type
Absolute Net
Rent Per Square Feet
$46.72

Investment Overview

Marcus & Millichap is pleased to present the Walgreens Phamarcy in Pine Bluff, AR.

Investment Highlights

  • New 10-Year Absolute NNN Lease with No Early Termination
  • Relocation of High-Performing Store Down the Street
  • Corporate Guaranty (NASDAQ: WBA), Investment Grade Credit Rated 'BBB' by S&P
  • 5% Increases Every 5 Years Beginning in Each Option Period
  • Brand New High-Quality Construction with a Drive-Thru
  • Smaller "Cooper" Prototype Building Offers a Full Pharmacy
  • Essential Retailer, Walgreens Remained Open Nationwide

Exclusively Listed By

Broker of Record

  • Anne Williams

    First Vice President Investments

    (901) 620-3600

    License(s) AR: PB00066390

    Arkansas

Financing By

Drug Store

New Walgreens with Drive-Thru | Relocation Store

Listing Price: $2,164,000

Cap Rate
5.40%
Tenant Name
Walgreens
Years Remaining On Lease
9.9
Guarantor
Corporate Guarantee
Rentable SF
2,501
Lease Type
Absolute Net
Rent Per Square Feet
$46.72

Investment Highlights

  • New 10-Year Absolute NNN Lease with No Early Termination
  • Relocation of High-Performing Store Down the Street
  • Corporate Guaranty (NASDAQ: WBA), Investment Grade Credit Rated 'BBB' by S&P
  • 5% Increases Every 5 Years Beginning in Each Option Period
  • Brand New High-Quality Construction with a Drive-Thru
  • Smaller "Cooper" Prototype Building Offers a Full Pharmacy
  • Essential Retailer, Walgreens Remained Open Nationwide

Investment Overview

Marcus & Millichap is pleased to present the Walgreens Phamarcy in Pine Bluff, AR.

Exclusively Listed By

Broker of Record

  • Anne Williams

    First Vice President Investments

    (901) 620-3600

    License(s): AR: PB00066390

    Arkansas

Financing By

MM Texture Background
MM Textured Background Lower