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Views: 89 Updated: 07.12.24 Posted: 06.27.24 Status: Inactive 09.25.24

Summary

Price $6,152,000
Built/Renov 2004
Tenant Walgreens
Cap Rate 5.90%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 14,560
Lease Start 09-09-2003
#Units 13,532
Price/SF $422.53
Expiration 10-31-2074
Tenant Type Pharmacy
NOI $363,000
R. Term 49.12
Ownership Fee Simple
Rent/SF $24.93
Increases 0.0%/0/yrs
Pop 5Mi 281,282
Lot/AC 1.46
Options 0/0yrs
AHHI 5Mi $81,424

Lease Highlights

  • Walgreens has 55+ years remaining on the current lease term
  • The tenant has termination options every 5 years with 9 months’ notice beginning year 25
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guarantee | Investment grade tenant

Location Description

Walgreens is strategically located at the signalized, hard corner intersection of N Collins Street and Murray Street, with access to a combined daily traffic count of 34,492 vehicles. The property is directly adjacent AT&T Stadium, home of the Dallas Cowboys in the National Football League, and is just 1 mile from Globe Life Field, which hosts Major League Baseball’s Texas Rangers and serves...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Walgreens
  • Guarantor:Corp T and Rated
  • Company:Walgreens Boots Alliance
  • # Units:13,532
  • Tenant S&P: BBB-
  • Moody’s: Baa2
  • Stock: NASDAQ: WBA

About Tenant

Walgreens is an American company that operates the second-largest pharmacy store chain in the United States. It specializes in filling prescriptions, health and wellness products, health...


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Demographics

  1 Miles 3 Miles 5 Miles
2029 Total Population : 12,797 126,975 288,643
2024 Total Population : 12,132 127,127 282,424
2024 Employed Civilian Pop : 6,873 67,592 150,746
2024 Total Businesses : 913 5,693 12,598
2024 Average Household Income : $ 61,894 $ 78,308 $ 87,548
2024 Total Consumer Spending : $ 285 M $ 3512 M $ 8535 M
2024 Median Age : 33 32 33
2024 Total Households : 5,095 49,957 109,047
2024 Pop Age 25+: Bachelor's Degree : 1,058 16,015 39,624
2024 Average Home Value : $ 259,971 $ 312,832 $ 344,980
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
N Collins St Murray St 2005 24,615 0.04 mi
E Randol Mill Rd FM Rd157 2012 23,145 0.08 mi
E Randol Mill Rd FM Rd157 2004 15,060 0.17 mi
N Collins St Rd To Six Flags E 2009 22,760 0.27 mi
Rd To Six Flags E FM Rd157 2009 4,610 0.31 mi
Rd To Six Flags E New Haven St 2007 7,930 0.33 mi
N Center St Altman Dr 2012 8,106 0.37 mi
North Center Street Altman Dr 2020 7,391 0.40 mi
N Mesquite St N Center St 2000 4,837 0.41 mi
Rd To Six Flags E Rd To Six Flags W 2012 17,406 0.43 mi

Listing Broker

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