Opportunity: Pegasus Investments is pleased to offer a single tenant absolute triple net leased corporate Walgreens store located in Springdale, Arkansas (the “Property”). The Walgreens corporate backed 25 year lease commenced in 2009 and has 17 years of firm term remaining. The landlord favorable lease is 100% absolute triple net requiring the tenant to be responsible for all aspects of maintenance, payment of insurance and real estate property taxes.
Location: Prominently situated at one of the busiest signalized intersections in east Springdale, the Property is located adjacent to two supermarkets (Harp’s & a newly constructed Walmart Neighborhood Market), an urgent care facility and eleven (11) public schools within a 3-mile radius. Springdale is located in Northwest Arkansas, a fast growing MSA that is home to major multinational companies such as Walmart, Tyson Foods, Cargill and JB Hunt. The area has experienced tremendous population growth, up 133% within 1 mile over the last 10-years, and has been consistently rated as one of the best places to live in the country.
