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Views: 171 DOM: 41 Updated: 08.06.24 Posted: 08.06.24 Status: Active

Summary

Price $5,072,000
Built/Renov 2004
Tenant Walgreens
Cap Rate 6.25%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 14,560
Lease Start 12-04-2004
#Units 13,532
Price/SF $348.35
Expiration 05-31-2034
Tenant Type Pharmacy
NOI $317,000
R. Term 9.8
Ownership Fee Simple
Rent/SF $21.77
Increases 0.0%/0/yrs
Pop 5Mi 219,276
Lot/AC 1.89
Options 10/5yrs
AHHI 5Mi $142,642

Lease Highlights

  • Walgreens has been operating in this location for over 20 years
  • The tenant has 9+ years remaining on the current lease term with 10 (5-year) options to extend
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guarantee | Investment grade tenant

Location Description

Walgreens is strategically located at the signalized, hard-corner intersection of W Round Grove Road and S Valley Parkway, with access to a combined daily traffic count of 42,275 vehicles. The property is situated next to two schools, Lewisville High School-Harmon and Parkway Elementary School, which have a combined enrollment of 5,000 students and 340 faculty members. Additionally, it is...

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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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Listing Broker

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