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Drug Store

Walgreens

5101 S Lancaster Rd, Dallas, TX 75241

Listing Price: $4,727,710

Cap Rate
5.50%
Tenant Name
Walgreens
Years Remaining On Lease
8.5
Guarantor
Corporate Guarantee
Rentable SF
13,892
Lease Type
Double Net
Rent Per Square Feet
$18.72

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Walgreens property located at 5101 South Lancaster Road in Dallas, TX. Built in 1996, the property consists of 13,892 square feet of building space with a drive-thru, and sits on approximately 2.0 acres of land. This Walgreens property has approximately 8.5+ years remaining on a double-net (NN) lease with minimal Landlord responsibilities. The current rent in $260,024. The lease expires on December 31, 2074, with the tenant having the ability to terminate every five years beginning in December 2029.

Investment Highlights

  • 8.5 Years of Base Term Remaining | 5-Year Tenant Termination Options Beginning December 2029 | Lease Expiring December 2074
  • Double-Net "NN" Lease with Minimal Landlord Obligations New Roof Installed in 2015
  • Long Historical Occupancy | At this Location Since 1996

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

  • Judson Kauffman

    Licensed Real Estate Salesperson

    (212) 430-5204

    Email Judson

    License(s): NY: 40KA1034273, NY: 10401296108

    Manhattan

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s) TX: 9002994

    Texas

Listing Price: $4,727,710

Cap Rate
5.50%
Tenant Name
Walgreens
Years Remaining On Lease
8.5
Guarantor
Corporate Guarantee
Rentable SF
13,892
Lease Type
Double Net
Rent Per Square Feet
$18.72

Investment Highlights

  • 8.5 Years of Base Term Remaining | 5-Year Tenant Termination Options Beginning December 2029 | Lease Expiring December 2074
  • Double-Net "NN" Lease with Minimal Landlord Obligations New Roof Installed in 2015
  • Long Historical Occupancy | At this Location Since 1996

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Walgreens property located at 5101 South Lancaster Road in Dallas, TX. Built in 1996, the property consists of 13,892 square feet of building space with a drive-thru, and sits on approximately 2.0 acres of land. This Walgreens property has approximately 8.5+ years remaining on a double-net (NN) lease with minimal Landlord responsibilities. The current rent in $260,024. The lease expires on December 31, 2074, with the tenant having the ability to terminate every five years beginning in December 2029.

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

  • Judson Kauffman

    Licensed Real Estate Salesperson

    (212) 430-5204

    Email Judson

    License(s): NY: 40KA1034273, NY: 10401296108

    Manhattan

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s): TX: 9002994

    Texas

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