819 Main StJacksonville, AR 72076

Property Details for 819 Main St

Year built

2002

Lot size

1.81 AC

Property size (Sq ft)

14,460 SF

Property type

Retail properties

Property subtype

Retail space

APN

12J-082-00-001-00

APU

12J0820000100

Description

This exceptional investment opportunity presents a 14,560 square foot Walgreens pharmacy in Jacksonville, Arkansas. Built in 2004, this absolute NNN leased property boasts a drive-thru, high-image store prototype, and a prime location on a hard corner at a signalized intersection. The lease, with a corporate guarantee, has approximately five years remaining, with ten, five-year renewal options. The property sits on 1.63 acres and benefits from excellent visibility and accessibility. The current lease commenced January 1, 2004, and expires November 30, 2029. The asking price is $3,389,000, representing a 9.00% cap rate and a price per square foot of $232.76. The property generates a net operating income (NOI) of $305,000 annually. This is a strong investment opportunity anchored by Walgreens, the second largest pharmacy chain in the United States, in a suburban Little Rock location with nearby national tenants including Subway, McDonald's, Wendy's, Dollar General, and Popeyes. The property features rent bumps and is 100% occupied. This is a rare opportunity to acquire a well-performing, low-maintenance, net-leased property with a strong tenant and significant remaining lease term.

• CAP approach

  CAP return

  Valuation

  6%

  $3,298,604

  6.5%

  $3,044,866

  7%

  $2,827,375

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,606,496

  Geo Method

  $2,606,496

• Alternative Use

  Use

  Valuation

  Residential

  $2,568,458

  Hospitality

  $2,352,694

  Educational

  $1,957,414

  Medical

  $2,024,732

  Retail

  $3,044,866

Location Insight

City

Jacksonville

County

Pulaski

State

Arkansas

Latitude

34.8668

Longitude

-92.1179

CBSA code

30780

CBSA name

LITTLE ROCK-NORTH LITTLE ROCK, AR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at support@realmo.com and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at support@realmo.com.