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Drug Store

Walgreens

901 Legacy Dr, Plano, TX 75023

Listing Price: $2,967,000

Cap Rate
6.00%
Tenant Name
Walgreens
Years Remaining On Lease
4.2
Gross SF
13,698
Guarantor
Corporate Guarantee
Rentable SF
13,698
Price/Gross SF
$216.60
Lease Type
Double Net
Rent Per Square Feet
$12.99

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a double net lease Walgreens in Plano, Texas. The property consists of a 13,698-square-foot, freestanding building that sits on 2.00 acres of land. There are 4.3 years remaining on the current lease term.

Investment Highlights

  • Double Net Lease with 4.3 Years Remaining
  • Signalized Hard Corner Location on Legacy Drive and Alma Drive; Combined Traffic Counts Exceed 61,119 Vehicles per Day
  • Tenant Paid for the VillageMD Renovation at Their Own Expense
  • Affluent Trade Area - Median Household Income is $102,362 Within a Five-Mile Radius
  • Large Two-Acre Parcel with Ample Parking and Multiple Access Points
  • More than 339,978 Residents Within a Five-Mile Radius
  • High-Growth Market in North Dallas - 49 Percent Population Growth Since 2000 and 8 Percent Projected Growth by 2027 Within a Five-Mile Radius
  • Less than a Mile from the State-of-the- Art Legacy Central, a 85-Acre, Technology Oriented Office and Mixed-Use Campus

Exclusively Listed By

Financing By

Drug Store

Walgreens

Listing Price: $2,967,000

Cap Rate
6.00%
Tenant Name
Walgreens
Years Remaining On Lease
4.2
Gross SF
13,698
Guarantor
Corporate Guarantee
Rentable SF
13,698
Price/Gross SF
$216.60
Lease Type
Double Net
Rent Per Square Feet
$12.99

Investment Highlights

  • Double Net Lease with 4.3 Years Remaining
  • Signalized Hard Corner Location on Legacy Drive and Alma Drive; Combined Traffic Counts Exceed 61,119 Vehicles per Day
  • Tenant Paid for the VillageMD Renovation at Their Own Expense
  • Affluent Trade Area - Median Household Income is $102,362 Within a Five-Mile Radius
  • Large Two-Acre Parcel with Ample Parking and Multiple Access Points
  • More than 339,978 Residents Within a Five-Mile Radius
  • High-Growth Market in North Dallas - 49 Percent Population Growth Since 2000 and 8 Percent Projected Growth by 2027 Within a Five-Mile Radius
  • Less than a Mile from the State-of-the- Art Legacy Central, a 85-Acre, Technology Oriented Office and Mixed-Use Campus

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a double net lease Walgreens in Plano, Texas. The property consists of a 13,698-square-foot, freestanding building that sits on 2.00 acres of land. There are 4.3 years remaining on the current lease term.

Exclusively Listed By

Financing By

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