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Drug Store

Walgreens with VillageMD

2774 E Eldorado Pkwy, Little Elm, TX 75068

Listing Price: Request For Offer

Tenant Name
Walgreens
Years Remaining On Lease
9.7
Gross SF
14,830
Guarantor
Corporate Guarantee
Rentable SF
14,830
Lease Type
Absolute Net
Rent Per Square Feet
$37.36

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire an absolute net lease Walgreens in Little Elm, Texas. The property consists of a 14,830-square-foot, freestanding building that sits on approximately 1.40 acres of land. There are approximately 10 years remaining on the current lease term. The lease is guaranteed by Walgreens Co., which currently has a Standard & Poor’s rating of BBB and is a Fortune 500 company. The property is located at the signalized hard corner of East Eldorado Parkway and FM 423, where combined traffic counts exceed 45,034 vehicles per day. The area is extremely dense with more than 186,641 residents within a five-mile radius.

Investment Highlights

  • Absolute Net Lease with Approximately 10 Years Remaining
  • VillageMD Renovation in Progress - Walgreens Plans to Open 600 VillageMD Clinics in its Stores by 2025 and 1,000 by 2027
  • Signalized Hard Corner Location on East Eldorado Parkway and FM 423; Combined Traffic Counts Exceed 45,034 Vehicles per Day
  • Little Elm, and the Neighboring Cities of Denton and Frisco, are some of the Fastest-Growing Cities in Texas
  • The Population has Increased 852 Percent Since 2000 and is Projected to be 235,047 by 2027 (5-Mile Radius)
  • Highly Affluent Dallas Market - Average Household Income of $160,415 (Five-Mile Radius)
  • Investment Grade Credit Tenant (S&P: BBB)
  • Large 1.40 Acre Parcel with Ample Parking and Multiple Access Points

Exclusively Listed By

Financing By

Drug Store

Walgreens with VillageMD

Listing Price: Request For Offer

Tenant Name
Walgreens
Years Remaining On Lease
9.7
Gross SF
14,830
Guarantor
Corporate Guarantee
Rentable SF
14,830
Lease Type
Absolute Net
Rent Per Square Feet
$37.36

Investment Highlights

  • Absolute Net Lease with Approximately 10 Years Remaining
  • VillageMD Renovation in Progress - Walgreens Plans to Open 600 VillageMD Clinics in its Stores by 2025 and 1,000 by 2027
  • Signalized Hard Corner Location on East Eldorado Parkway and FM 423; Combined Traffic Counts Exceed 45,034 Vehicles per Day
  • Little Elm, and the Neighboring Cities of Denton and Frisco, are some of the Fastest-Growing Cities in Texas
  • The Population has Increased 852 Percent Since 2000 and is Projected to be 235,047 by 2027 (5-Mile Radius)
  • Highly Affluent Dallas Market - Average Household Income of $160,415 (Five-Mile Radius)
  • Investment Grade Credit Tenant (S&P: BBB)
  • Large 1.40 Acre Parcel with Ample Parking and Multiple Access Points

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire an absolute net lease Walgreens in Little Elm, Texas. The property consists of a 14,830-square-foot, freestanding building that sits on approximately 1.40 acres of land. There are approximately 10 years remaining on the current lease term. The lease is guaranteed by Walgreens Co., which currently has a Standard & Poor’s rating of BBB and is a Fortune 500 company. The property is located at the signalized hard corner of East Eldorado Parkway and FM 423, where combined traffic counts exceed 45,034 vehicles per day. The area is extremely dense with more than 186,641 residents within a five-mile radius.

Exclusively Listed By

Financing By

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