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Drug Store

Walgreens

1701 W Southlake Blvd, Southlake, TX 76092

Listing Price: $5,750,000

Cap Rate
5.30%
Tenant Name
Walgreens
Years Remaining On Lease
4.3
Gross SF
15,120
Guarantor
No Guarantee
Rentable SF
15,120
Price/Gross SF
$380.29
Lease Type
Double Net
Rent Per Square Feet
$20.17

Investment Overview

Walgreens is an American pharmaceutical company which operates the largest drug retailing chain in the United States of America. It specializes in serving prescriptions, health and wellness products, health information and photo services. As of August 31, 2019, the company operated 9,277 stores in all 50 states, the District of Columbia, Puerto Rico and the U.S. Virgin Islands. Located primarily within Texas’ Tarrant County, Southlake is a suburb of Dallas/ Fort Worth, home to more than 32,000 people within 22.5 square miles. The city’s Southlake Town Square is booming with both and small and national retailers and restaurants.

Investment Highlights

  • Four Years Remaining on Lease Term with Corporate Tenant
  • Over 20 Year Operating History - Tenant has Occupied Site Since 2000
  • 163,549 Residents Within a Five-Mile Radius - Growing Southlake Trade Area Within the Dallas/Fort Worth MSA
  • Surrounding Area is Experiencing Rapid Growth with Households and Population Projected to Increase Eight-Nine Percent by 2025
  • Highly Affluent Trade Area - Average Household Income Exceeds $265,000 in Immediate Area
  • Directly Across from Carroll Senior High School (1,350 Students)
  • Signalized Hard Corner Location - Nearly 50,000 Cars per Day at the Intersection
  • Strong Daytime Population - 194,568 Employees in Surrounding Area

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s) TX: 9002994

    Texas

Listing Price: $5,750,000

Cap Rate
5.30%
Tenant Name
Walgreens
Years Remaining On Lease
4.3
Gross SF
15,120
Guarantor
No Guarantee
Rentable SF
15,120
Price/Gross SF
$380.29
Lease Type
Double Net
Rent Per Square Feet
$20.17

Investment Highlights

  • Four Years Remaining on Lease Term with Corporate Tenant
  • Over 20 Year Operating History - Tenant has Occupied Site Since 2000
  • 163,549 Residents Within a Five-Mile Radius - Growing Southlake Trade Area Within the Dallas/Fort Worth MSA
  • Surrounding Area is Experiencing Rapid Growth with Households and Population Projected to Increase Eight-Nine Percent by 2025
  • Highly Affluent Trade Area - Average Household Income Exceeds $265,000 in Immediate Area
  • Directly Across from Carroll Senior High School (1,350 Students)
  • Signalized Hard Corner Location - Nearly 50,000 Cars per Day at the Intersection
  • Strong Daytime Population - 194,568 Employees in Surrounding Area

Investment Overview

Walgreens is an American pharmaceutical company which operates the largest drug retailing chain in the United States of America. It specializes in serving prescriptions, health and wellness products, health information and photo services. As of August 31, 2019, the company operated 9,277 stores in all 50 states, the District of Columbia, Puerto Rico and the U.S. Virgin Islands. Located primarily within Texas’ Tarrant County, Southlake is a suburb of Dallas/ Fort Worth, home to more than 32,000 people within 22.5 square miles. The city’s Southlake Town Square is booming with both and small and national retailers and restaurants.

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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