1325 Main St Cabot, AR 72023-2458

Property Details for 1325 Main St

Lot size

0.88 lot acres

Property size

2,640 SF

Property type

Commercial land

APN

723-70493-000

APU

72370493000

Description

This exceptional investment opportunity presents a fee-simple, single-tenant Walgreens located at 1325 W Main St, Cabot, AR 72023. The 13,386 square foot property, built in 2007, sits on a 1.59-acre lot and boasts 50 parking spaces. The property benefits from a highly visible, signalized corner location on Main Street, a key thoroughfare in Cabot, a suburb of Little Rock. Its strategic placement within two miles of five schools (over 5,000 students and faculty) and across from a Kroger grocery store (675,000 annual visits) ensures high traffic and strong consumer base. The property is the only major corporate drugstore in its immediate trade area. The Walgreens lease is an Absolute NNN, providing a corporate guarantee and approximately eight years remaining on the lease term. The property's strong financials include a $3,879,000 asking price, an 8.25% cap rate, and a net operating income (NOI) of $320,000. The building is a single-story structure with 100% occupancy. This is a stabilized investment with a proven track record, offering a compelling return on investment in a desirable location. The property's location and tenant strength make it an ideal addition to any portfolio. The Lonoke County location is further enhanced by its proximity to multiple hotels. The property's APN is 723-70495-000.