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Views: 202 DOM: 107 Updated: 11.07.24 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 9.6
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

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 : 10,722 114,778 220,813
2024 Total Population : 11,055 114,938 219,276
2024 Employed Civilian Pop : 6,741 68,478 130,563
2024 Total Businesses : 215 4,505 8,988
2024 Average Household Income : $ 133,532 $ 127,135 $ 142,642
2024 Total Consumer Spending : $ 496 M $ 4945 M $ 10343 M
2024 Median Age : 38 36 37
2024 Total Households : 4,297 44,471 83,324
2024 Pop Age 25+: Bachelor's Degree : 2,911 25,992 52,688
2024 Average Home Value : $ 382,454 $ 475,836 $ 493,550
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
S Valley Pkwy W Round Grove Rd 2004 5,060 0.04 mi
South Valley Parkway W Round Grove Rd 2022 12,292 0.04 mi
W Round Grove Rd S Valley Pkwy 2009 34,166 0.15 mi
Cameo Dr Arena Dr 2009 100 0.27 mi
Ace Ln W Round Grove Rd 2004 3,620 0.30 mi
Vista Dr W Round Grove Rd 2009 1,340 0.34 mi
W Round Grove Rd Peachtree Ln 2009 27,210 0.41 mi
Cassion Dr Acorn Dr 2004 170 0.46 mi
Duncan Ln Cherokee Path 2009 2,210 0.46 mi
S Valley Pkwy Spring Creek Ln 2009 10,983 0.48 mi

Listing Broker

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