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| 346 W Broadway |
| West Memphis, AR 72301 |
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| List Price |
$2,440,384 |
| Price Per GLA |
|
| CAP |
6.50 % |
|
| Building S.F. |
13,472 |
| Percent Occupied |
100.00 % |
|
| Cross Street |
North Avalon Street |
Tax Parcel Number |
392034000000 |
| Market |
Arkansas |
Sub Market |
Memphis MSA |
| Year Built |
1994 |
No. of Buildings |
1 |
|
Property Description |
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| This property is close in proximity to Mid South Community College, across the street from West Memphis High School, and is two blocks from Crittenden Memorial Hospital. The property is 100% leased to Walgreens under a 50 year lease, with 38 years remaining. Founded in 1901, Walgreens (NYSE: WAG) is the largest drug store Company in the United States ranked by sales. The Company operates nearly 5,294 stores in 46 states and Puerto Rico, and has three mail order facilities. As of the latest three months ended May 31, 2006, Walgreens has revenues of more than more than $12 billion, a net income of more than $469 million, a net worth of approximately $9.8 billion and a Standard and Poor's Rating of A+. |
Area Description |
|
| West Memphis has 30,000 people and is part of the Memphis MSA which consists of 1,261,492 people. It is directly across the Mississippi River from downtown Memphis. Just across the Mississippi River Bridge are the attractions of downtown Memphis, including the home of Southland Greyhound Park. |
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