Little Rock Walgreens

This Walgreens Leasehold (building is being sold, not the dirt) property is strategically positioned along John F. Kennedy Boulevard, a primary north–south arterial serving the Lakewood neighborhood of North Little Rock. The corridor provides direct connectivity to the region’s dominant retail concentration along McCain Boulevard, while benefiting from strong surrounding residential density and consistent daily commuter traffic patterns. This is both a strong store for Walgreens as evidenced by all its performance metrics, as well as a strategic location. Reinforcing its sales levels, this location is one of very few across the country, still open til midnite. Situated just north of the McCain retail hub, the corner captures both neighborhood demand and overflow traffic and a is truly a daily necessity corridor, not just a retail convenience destination. The site offers excellent visibility and access, making it a highly convenient stop for pharmacy, healthcare, and daily needs retail. This location represents a fundamentally sound Walgreens site, combining infill suburban density, arterial frontage, and proximity to a dominant retail node—key drivers of long-term store performance and real estate value. Additionally it is both dense as well as relatively affluent - featuring strong demographics for Little Rock. Walgreens just recently exercised its option to extend for another five years, which is no surprise given the performance of the store and its importance in their portfolio. The rents in place are effectively at market and this site also benefits from the #1 Reasors's in the country across the street.Walgreens has been in operation at this store for over 30 years and appears poised to continue that run of successful occupancy. Built in 1995, with an initial twenty year firm term, this Walgreens has seen three options exercised (at this in-place rent) over the last fifteen years. Most recently, Walgreens exercised its option in 2025, demonstrating its commitment to the site as well as the success of the store. The ranking data on the following page, highlights its position in Walgreens portfolio as one of the best stores in the country...at a hard to find, low annual rent. Investors may view the potential for a 2030 renewal as supported by a rare combination of objective factors: more than 30 years of continuous occupancy, three consecutive option exercises, below-market rent, exceptional store performance, top performing foot-traffic rankings , and a premier infill location at a dominant retail intersection. While no lease renewal can ever be guaranteed, these characteristics collectively suggest this location is well positioned to remain an important part of Walgreens' long-term operating portfolio.