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Drug Store

Walgreens

750 W Wheatland Rd, Duncanville, TX 75116

Listing Price: $8,615,000

Cap Rate
5.00%
Tenant Name
Walgreens
Years Remaining On Lease
12.2
Gross SF
14,604
Guarantor
Corporate Guarantee
Rentable SF
14,604
Price/Gross SF
$589.91
Lease Type
Absolute Net
Rent Per Square Feet
$29.50

Investment Overview

This 14,604 square foot property was built to suit Walgreens in 2014, with Walgreens signing a 20 year lease. Now, with 13 years remaining, it is a recognized pharmacy in the community, with over 10,000 residents within a mile of the location and only one other drug store in the community. The property is situated on a four-way signalized intersection with traffic counts exceeding fifty thousand vehicles per day on average. The building sits on 1.06 acres of land and is leased to Walgreens on an absolute NNN basis, with no landlord responsibilities. Walgreens ranks number 32 among Fortune 500 companies and carries a BBB credit rating from S&P. This property gives the investor an opportunity to acquire an investment grade tenant in one of the fastest growing Metro Areas of the country and the second most populous county in Texas.

Investment Highlights

  • Investment Grade BBB Rated Tenant
  • Absolute Net Lease - Zero Landlord Responsibilities
  • Dallas - Fort Worth Metropolitan Area is Fourth Largest in The U.S.
  • Four Way Signalized Intersection With Traffic Counts Above 50,000 VPD
  • Walgreens is A Fortune 100 Company

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s) TX: 9002994

    Texas

Listing Price: $8,615,000

Cap Rate
5.00%
Tenant Name
Walgreens
Years Remaining On Lease
12.2
Gross SF
14,604
Guarantor
Corporate Guarantee
Rentable SF
14,604
Price/Gross SF
$589.91
Lease Type
Absolute Net
Rent Per Square Feet
$29.50

Investment Highlights

  • Investment Grade BBB Rated Tenant
  • Absolute Net Lease - Zero Landlord Responsibilities
  • Dallas - Fort Worth Metropolitan Area is Fourth Largest in The U.S.
  • Four Way Signalized Intersection With Traffic Counts Above 50,000 VPD
  • Walgreens is A Fortune 100 Company

Investment Overview

This 14,604 square foot property was built to suit Walgreens in 2014, with Walgreens signing a 20 year lease. Now, with 13 years remaining, it is a recognized pharmacy in the community, with over 10,000 residents within a mile of the location and only one other drug store in the community. The property is situated on a four-way signalized intersection with traffic counts exceeding fifty thousand vehicles per day on average. The building sits on 1.06 acres of land and is leased to Walgreens on an absolute NNN basis, with no landlord responsibilities. Walgreens ranks number 32 among Fortune 500 companies and carries a BBB credit rating from S&P. This property gives the investor an opportunity to acquire an investment grade tenant in one of the fastest growing Metro Areas of the country and the second most populous county in Texas.

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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