Hot Springs, AR

Price:
NOI: $ 252,000
Lease Term Remaining Before Options: 14 Years
Download Offering Memorandum
Investment Highlights
**CONTACT BROKER FOR PRICING**
  • Only national chain drugstore in a 4-mile radius and only drugstore serving the area west of the Ouachita River.
  • Walgreens has a 15+ year operating history at this location.
  • Situated with frontage on Airport Road (26,000 VPD) leading to thermal hot springs which draw ±2.6 million tourists annually.
  • 430 multi-housing units within a 1-mile radius of the Property spread throughout multiple complexes.
  • There are over 14 years of lease term remaining with 10 (5 year) options to follow
  • Amazon recently announced a new 35K SF facility in Hot Springs.
Offering Summary

We are pleased to market for sale the Walgreens property located at 1800 Airport Road in Hot Springs, Arkansas ("The Property"). Walgreens has been successfully operating at this location for 15+ years and recently agreed to a new 15 year extension, demonstrating Walgreens commitment to the location.

 

This investment opportunity allows investors to purchase a long term Walgreens lease, with an established operating history, in a highly trafficked tourism destination. Hot Springs, Arkansas is renowned for its thermal springs. Hot Springs National Park, its hiking trails and bathing facilities draws over 2.6 million visitors annually.

 

The Property is within a 1-mile radius of several multi-housing complexes totaling over 430 dwelling units. In addition, the Property benefits from its frontage on Airport Rd (26,000 vehicles per day) providing direct access to Hot Springs National Park (5.5 miles northeast) and high visibility to the 2.6 million annual visitors.

 

One of the largest employers in the city, CHI St. Vincent Hospital (1,258 employees, 280 beds) is only 5 miles east and has a satellite primary care clinic just blocks from the subject Property. In addition, Amazon recently announced a new ‘last-mile facility’ in Hot Springs that will begin construction later this year. This 35,000 square foot facility, located 6 miles east of the Property, will better serve customers in Hot Springs and the surrounding area and shows national retailers commitment to the region.

 

 

Listed in association with Brian Brockman, Bang Realty, 513.898.1551, [email protected], AR DRE Lic. PB00082359
Price:
NOI: $ 252,000
Lease Term Remaining Before Options: 14 Years
Download Offering Memorandum