loader
Join Free
Views: 61 Updated: 07.15.24 Posted: 07.15.24 Status: Inactive 09.25.24

Summary

Price $4,407,000
Built/Renov 1996
Tenant Walgreens
Cap Rate 5.90%
Lease Type NN+
Guarantor Corp T and Rated
Size/SF 13,905
Lease Start 12-09-2014
#Units 13,532
Price/SF $316.94
Expiration 12-31-2074
Tenant Type Pharmacy
NOI $260,024
R. Term 50.1
Ownership Fee Simple
Rent/SF $18.70
Increases 0.0%/0/yrs
Pop 5Mi 205,333
Lot/AC 2.00
Options 0/0yrs
AHHI 5Mi $58,620

Lease Highlights

  • Walgreens has 50+ year remaining on the current lease term with no options remaining
  • The lease features termination options every 5 years beginning in 2029
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guarantee | Investment grade tenant

Location Description

Walgreens is strategically located at the signalized, hard corner intersection of S Lancaster Rd and E Ledbetter Drive, with access to a combined daily traffic count of 47,266 vehicles. The property is conveniently situated 0.8 miles from the North Texas Health Care Veterans Hospital and is surrounded by well-known national tenants such as O’Reilly Auto Parts, Burger King, Chase Bank,...

...

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...


...

Demographics

  1 Miles 3 Miles 5 Miles
2029 Total Population : 9,633 93,922 205,517
2024 Total Population : 9,561 94,819 205,275
2024 Employed Civilian Pop : 3,978 36,042 87,581
2024 Total Businesses : 212 1,683 4,718
2024 Average Household Income : $ 54,641 $ 53,282 $ 63,810
2024 Total Consumer Spending : $ 160 M $ 1495 M $ 3889 M
2024 Median Age : 38 35 35
2024 Total Households : 3,247 30,985 67,688
2024 Pop Age 25+: Bachelor's Degree : 559 5,760 14,727
2024 Average Home Value : $ 188,003 $ 232,633 $ 279,062
*ESRI data is presented for informational purposes only

Listing Broker

Loading...
Disclaimer & Confidentiality
All information, content, data, and other materials on this Platform (“Content”) is made available to you on an “AS IS” basis without warranties of any kind, express or implied. All such Content is made available for informational purposes only and should not be relied on by you for any purpose. Content may contain errors, may be inaccurate or incomplete and/or, due to changing circumstances or other causes, may change or ultimately prove to be inaccurate or incomplete. Other than as set forth in our Terms of Service we do not have any control over your use of our Services or any Content. You should not use any such Services or any Content without validating the results through independent research, obtaining up-to-date information, and considering all relevant facts and circumstances, including your specific situation (financial or otherwise). We do not recommend, guarantee, or represent that the Services or any Content will predict the future performance of real estate assets or other assets of any kind. Moreover, we do not warrant the performance or results that may be obtained by using any of the foregoing. WE ARE NOT ENGAGED IN RENDERING TAX, LEGAL, INVESTMENT, FINANCIAL OR RISK MANAGEMENT ADVICE, AND THE RESULTS OF USE OF OUR SERVICES AND ANY CONTENT MUST NOT BE REGARDED OR REPRESENTED AS CONSTITUTING SUCH ADVICE. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY OF ANY CONTENT AND/OR PROJECTIONS GENERATED BY THE SERVICES OR ANY CONTENT

GET IN TOUCH

my activity