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Drug Store

Walgreens | Dallas-Ft Worth MSA

500 Centennial Blvd, Richardson, TX 75081

Listing Price: $4,769,215

Cap Rate
6.50%
Tenant Name
Walgreens
Years Remaining On Lease
8.2
Guarantor
Corporate Guarantee
Rentable SF
14,820
Lease Type
Absolute Net
Rent Per Square Feet
$20.92

Investment Overview

Long-Term Absolute NNN Lease - No landlord maintenance or expense
responsibilities with approximately 9-years remaining

Excellent Traffic Counts & Strategic Location - 4-way signalized intersection:
Centennial & Spring Valley Road with 31,300 VPD along Centennial

Dense In-Fill Location - 398,938 population in 5-mile radius, surrounded by
general commercial, retail, and residential neighborhoods

Strong Avg. HHI of $103,669 within a 1-Mile Radius of the subject property

Investment Highlights

  • Long-Term Absolute NNN Lease - No landlord maintenance or expense responsibilities with approximately 9-years remaining
  • Steady Sales Volumes & Well-Established Location - Walgreens has operated at the location for approximately 16-years. Store Sales available upon request.
  • Strong Avg. HHI of $103,669 within a 1-Mile Radius of the subject property
  • Dallas-Fort Worth MSA - close proximity to Downtown Dallas (8,000,000+ Residents in the MSA)

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s) TX: 9002994

    Texas

Drug Store

Walgreens | Dallas-Ft Worth MSA

Listing Price: $4,769,215

Cap Rate
6.50%
Tenant Name
Walgreens
Years Remaining On Lease
8.2
Guarantor
Corporate Guarantee
Rentable SF
14,820
Lease Type
Absolute Net
Rent Per Square Feet
$20.92

Investment Highlights

  • Long-Term Absolute NNN Lease - No landlord maintenance or expense responsibilities with approximately 9-years remaining
  • Steady Sales Volumes & Well-Established Location - Walgreens has operated at the location for approximately 16-years. Store Sales available upon request.
  • Strong Avg. HHI of $103,669 within a 1-Mile Radius of the subject property
  • Dallas-Fort Worth MSA - close proximity to Downtown Dallas (8,000,000+ Residents in the MSA)

Investment Overview

Long-Term Absolute NNN Lease - No landlord maintenance or expense responsibilities with approximately 9-years remaining Excellent Traffic Counts & Strategic Location - 4-way signalized intersection: Centennial & Spring Valley Road with 31,300 VPD along Centennial Dense In-Fill Location - 398,938 population in 5-mile radius, surrounded by general commercial, retail, and residential neighborhoods Strong Avg. HHI of $103,669 within a 1-Mile Radius of the subject property

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s): TX: 9002994

    Texas

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