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Drug Store

Walgreens | Affluent Dallas-Fort Worth Suburb | Long Term Absolute Net Lease | Hard Corner Location

130 N Oakridge Dr, Hudson Oaks (DFW Metro), TX 76087

Listing Price: $7,400,000

Cap Rate
5.00%
Tenant Name
Walgreens
Years Remaining On Lease
12.4
Gross SF
14,820
Guarantor
Corporate Guarantee
Rentable SF
14,820
Price/Gross SF
$499.33
Lease Type
Absolute Net
Rent Per Square Feet
$24.97

Investment Overview

Hudson Oaks is situated in East Parker Country along the I-20 and US Highway 180 Interchange. Hudson Oaks is located less than 25 miles west of Fort Worth and 6 miles east of Weatherford. The Dallas–Fort Worth metroplex, officially designated Dallas–Fort Worth–Arlington by the U.S. Office of Management and Budget, is a conurbated metropolitan statistical area in the U.S. state of Texas encompassing 11 counties. It is the economic and cultural hub of North Texas. Residents of the area also refer to it as DFW, or the Metroplex. The Dallas–Fort Worth–Arlington metropolitan statistical area’s population is the most populous metropolitan area in both Texas and the Southern United States, the fourth-largest in the U.S., and the tenth-largest in the Americas. In 2016, the Dallas–Fort Worth metroplex had the highest annual population growth in the United States. The metropolitan region’s economy is primarily based on banking, commerce, insurance, telecommunications, technology, energy, healthcare, medical research, transportation and logistics. As of 2021, Dallas–Fort Worth is home to 22 Fortune 500 companies, the fourth-largest concentration of Fortune 500 companies in the United States behind New York City (64), Chicago (35), and Houston (24).

Investment Highlights

  • Long Term Absolute Net Lease (Zero Landlord Obligations). 12+ Year Historical Occupancy. This Location Serves Beer & Wine, and Features a Drive-Thru Pharmacy.
  • Positioned Along Area's Major Retail & Traffic Corridor: Signalized Hard Corner Location - Features Direct Access and Excellent Visibility with Daily Combined Traffic Counts Exceeding 25k Vehicles.
  • Walgreens is Ranked #19 on Fortune 500 List, #41 On Fortune 500 Global List and has a S&P Investment Grade Credit Rating of "BBB" with an Annual Revenue of $139.5 Billion.
  • Directly Across from a Walmart Supercenter and Newly Developed The Shops at Hudson Oaks. In Close Proximity to a New Construction H-E-B and Numerous other National Retailers and Restaurants.
  • Affluent Area: Features an Average Household Income of more than $112k within a 3-Mile Radius. Immediate Area Experiencing Major Growth: Near Several Large Housing/Retail Developments Under Construction.
  • Minutes from Medical City Weatherford - A 100+ Bed Full-Service Acute Care Hospital, serving Parker County and Surrounding Communities. The Hospital provides nearly 30 Medical Specialties.

Exclusively Listed By

Broker of Record

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3184

    License(s) TX: 0606255

    Texas

Drug Store

Walgreens | Affluent Dallas-Fort Worth Suburb | Long Term Absolute Net Lease | Hard Corner Location

Listing Price: $7,400,000

Cap Rate
5.00%
Tenant Name
Walgreens
Years Remaining On Lease
12.4
Gross SF
14,820
Guarantor
Corporate Guarantee
Rentable SF
14,820
Price/Gross SF
$499.33
Lease Type
Absolute Net
Rent Per Square Feet
$24.97

Investment Highlights

  • Long Term Absolute Net Lease (Zero Landlord Obligations). 12+ Year Historical Occupancy. This Location Serves Beer & Wine, and Features a Drive-Thru Pharmacy.
  • Positioned Along Area's Major Retail & Traffic Corridor: Signalized Hard Corner Location - Features Direct Access and Excellent Visibility with Daily Combined Traffic Counts Exceeding 25k Vehicles.
  • Walgreens is Ranked #19 on Fortune 500 List, #41 On Fortune 500 Global List and has a S&P Investment Grade Credit Rating of "BBB" with an Annual Revenue of $139.5 Billion.
  • Directly Across from a Walmart Supercenter and Newly Developed The Shops at Hudson Oaks. In Close Proximity to a New Construction H-E-B and Numerous other National Retailers and Restaurants.
  • Affluent Area: Features an Average Household Income of more than $112k within a 3-Mile Radius. Immediate Area Experiencing Major Growth: Near Several Large Housing/Retail Developments Under Construction.
  • Minutes from Medical City Weatherford - A 100+ Bed Full-Service Acute Care Hospital, serving Parker County and Surrounding Communities. The Hospital provides nearly 30 Medical Specialties.

Investment Overview

Hudson Oaks is situated in East Parker Country along the I-20 and US Highway 180 Interchange. Hudson Oaks is located less than 25 miles west of Fort Worth and 6 miles east of Weatherford. The Dallas–Fort Worth metroplex, officially designated Dallas–Fort Worth–Arlington by the U.S. Office of Management and Budget, is a conurbated metropolitan statistical area in the U.S. state of Texas encompassing 11 counties. It is the economic and cultural hub of North Texas. Residents of the area also refer to it as DFW, or the Metroplex. The Dallas–Fort Worth–Arlington metropolitan statistical area’s population is the most populous metropolitan area in both Texas and the Southern United States, the fourth-largest in the U.S., and the tenth-largest in the Americas. In 2016, the Dallas–Fort Worth metroplex had the highest annual population growth in the United States. The metropolitan region’s economy is primarily based on banking, commerce, insurance, telecommunications, technology, energy, healthcare, medical research, transportation and logistics. As of 2021, Dallas–Fort Worth is home to 22 Fortune 500 companies, the fourth-largest concentration of Fortune 500 companies in the United States behind New York City (64), Chicago (35), and Houston (24).

Exclusively Listed By

Broker of Record

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3184

    License(s): TX: 0606255

    Texas

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