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Drug Store

Walgreens (Rent Increases Every 5-Years)

701 South Buddy Hayes Blvd, Anna, TX 75409

Listing Price: $6,148,000

Cap Rate
5.40%
Tenant Name
Walgreens
Years Remaining On Lease
12.9
Gross SF
9,956
Guarantor
Corporate Guarantee
Rentable SF
9,956
Price/Gross SF
$617.52
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$33.34

Investment Overview

Offered for sale is a triple-net leased Walgreens located in Anna, Texas. The property was constructed in 2023 and features a modern lease structure with scheduled rent escalations. It is positioned at the signalized intersection of W White Street and Buddy Hayes Boulevard, just off U.S. Highway 75, within a Walmart-anchored retail corridor with national co-tenancy. The surrounding trade area includes 116,814 residents within a 10-mile radius and is projected to grow by 19%. The area is supported by strong household incomes and ongoing residential development.

Investment Highlights

  • Triple-Net Lease With 12.9 Years Remaining | 2023 Build With Modern Lease Structure Incorporating Rent Increases
  • 2,500%+ Population Growth Since 2000 | One of the Fastest-Growing Cities in North Texas
  • Signalized Corner Location Near U.S. Highway 75 (78,811 VPD) With Direct Corridor Access
  • Positioned Within Walmart-Anchored Retail Corridor With National Co-Tenancy
  • Affluent Trade Area With $147,837 Average Household Income
  • 116,814 Residents Within 10 Miles With +19.42% Projected Growth
  • Surrounded by Rapid Residential Growth Including 1,300+ Unit Master-Planned Community
  • DFW Metro Growth & Stability | #1 U.S. Metro for Population Growth

Exclusively Listed By

Drug Store

Walgreens (Rent Increases Every 5-Years)

Listing Price: $6,148,000

Cap Rate
5.40%
Tenant Name
Walgreens
Years Remaining On Lease
12.9
Gross SF
9,956
Guarantor
Corporate Guarantee
Rentable SF
9,956
Price/Gross SF
$617.52
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$33.34

Investment Highlights

  • Triple-Net Lease With 12.9 Years Remaining | 2023 Build With Modern Lease Structure Incorporating Rent Increases
  • 2,500%+ Population Growth Since 2000 | One of the Fastest-Growing Cities in North Texas
  • Signalized Corner Location Near U.S. Highway 75 (78,811 VPD) With Direct Corridor Access
  • Positioned Within Walmart-Anchored Retail Corridor With National Co-Tenancy
  • Affluent Trade Area With $147,837 Average Household Income
  • 116,814 Residents Within 10 Miles With +19.42% Projected Growth
  • Surrounded by Rapid Residential Growth Including 1,300+ Unit Master-Planned Community
  • DFW Metro Growth & Stability | #1 U.S. Metro for Population Growth

Investment Overview

Offered for sale is a triple-net leased Walgreens located in Anna, Texas. The property was constructed in 2023 and features a modern lease structure with scheduled rent escalations. It is positioned at the signalized intersection of W White Street and Buddy Hayes Boulevard, just off U.S. Highway 75, within a Walmart-anchored retail corridor with national co-tenancy. The surrounding trade area includes 116,814 residents within a 10-mile radius and is projected to grow by 19%. The area is supported by strong household incomes and ongoing residential development.

Exclusively Listed By

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