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Walgreens 3234 E Robinson Ave

14,550 SF Retail Building Springdale, AR 72764 $6,605,436 CAD ($454 CAD/SF) 8.50% Cap Rate

Drug Stores Arkansas Springdale 3234 E Robinson Ave, Springdale, AR 72764

INVESTMENT 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.
  • 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
  • STRONG COMMUNITY SYNERGY – Surrounded by multiple national retailers such as Walmart, Tractor Supply, Dollar General, etc
  • PASSIVE OWNERSHIP – Absolute NNN lease structure, with no landlord responsibilities.
  • ECONOMIC DEVELOPMENTS – Multiple new homes currently in the process of being constructed directly next to the subject property along E Robinson Ave.
  • CORPORATE GUARANTEE – Lease is corporately guaranteed by Walgreens (NASDAQ: WBA).

EXECUTIVE SUMMARY

Broker of Record
Kyle Matthews
License No. PB00084217 (AR)

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Drug Store
Building Size
14,550 SF
Building Class
B
Year Built
2008
Price
$6,605,436 CAD
Price Per SF
$454 CAD
Cap Rate
8.50%
NOI
$561,462 CAD
Tenancy
Single
Building Height
1 Story
Opportunity Zone
Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

LINKS

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NEARBY MAJOR RETAILERS

Walmart Neighborhood Market
Freddy's
Harps Food
First Horizon Bank

PROPERTY TAXES

Parcel Number 815-30507-000 Improvements Assessment $411,211 CAD
Land Assessment $84,004 CAD Total Assessment $495,215 CAD

PROPERTY TAXES

Parcel Number
815-30507-000
Land Assessment
$84,004 CAD
Improvements Assessment
$411,211 CAD
Total Assessment
$495,215 CAD
(949) 777-5984

CONTACT

  • Listing ID: 34962406

  • Date on Market: 2025-02-27

  • Last Updated:

  • Address: 3234 E Robinson Ave, Springdale, AR 72764

The Retail Property at 3234 E Robinson Ave, Springdale, AR 72764 is currently available for sale. Contact Matthews Real Estate Investment Services for more information.

NEARBY LISTINGS

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Walgreens | 3234 E Robinson Ave
(949) 777-5984 x

Walgreens | 3234 E Robinson Ave

Brandon Perez

(949) 777-5984

(949) 777-5984

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