Walgreens

• Corporate Lease – Walgreens has operated at this location for over 17 years, demonstrating a long-standing commitment to the site. Walgreens Co., recently acquired by Sycamore Partners and taken private, guarantees the lease, which has just under seven years of remaining primary term plus multiple extension options.
• Absolute NNN Lease Structure – The absolute NNN lease structure provides zero landlord responsibilities, offering investors a passive ownership opportunity with predictable cash flow and minimal management requirements.
• Thriving Trade Area – Strategically positioned along Chenal Parkway, the primary retail thoroughfare serving West Little Rock, the property benefits from a growing surrounding population and a strong concentration of national retailers. Nearby tenants include Kroger Marketplace, Marshalls, Five Below, Starbucks, Chase Bank, Whataburger, Discount Tire, Taco Bell, Slim Chickens, Chuy’s, Walk-On’s, Club Car Wash, U.S. Bank, and numerous regional and local businesses.
• Newly Developed Costco + Gas – Located approximately 2,500 feet from Walgreens, Costco opened its first Arkansas warehouse and gas station in 2021, creating a significant regional retail and traffic driver along the corridor. The Costco development is further complemented by newly constructed Hideaway Pizza and Panda Express locations, strengthening the surrounding retail draw.
• Promenade At Chenal – A premium mall which is home to the first and only Apple Store in all of Arkansas. Other premium tenants include: AMC Theater, Lululemon, Sephora, Anthropologie, HomeGoods, Lovesac, Athleta, Urban Outfitters, J Jill, Bath & Body Works, CycleBar, GolfTec, Sleepnumber, and many more. There are also many popular national and regional dining options.
• Excellent Demographics – The average household income in the 3-mile radius exceeds $130,000 and is packed with close to 90,000 residents in the 5-mile radius.
• High-Visibility Hard Corner Location – The property is strategically positioned at the hard corner of Chenal Parkway and Wellington Hills Road, with exposure to approximately 33,000 vehicles per day. Multiple points of ingress and egress provide convenient access and strong visibility along this heavily traveled retail corridor.
• Esstential, Recession-Resilent Tenant – Walgreens operates as a necessity-based retailer providing pharmacy, healthcare, and everyday convenience products and services. The company has demonstrated long-term operating resilience through varying economic cycles, reinforcing the essential nature of its business and the stability of the location.