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Drug Store

Walgreens I Rapid Population Growth I Dallas MSA

7255 Coit Rd, Frisco, TX 75035

Listing Price: $8,500,000

Cap Rate
4.89%
Tenant Name
Walgreens
Years Remaining On Lease
11.8
Guarantor
Corporate Guarantee
Rentable SF
14,820
Lease Type
Absolute Net
Rent Per Square Feet
$28.02

Investment Overview

Absolute NNN Walgreens with Zero Landlord Responsibilities Located at the Highly Trafficked Signalized ?Intersection of Rolater Road (15,000 Vehicles Per Day, VPD)) and Coit Road (10,000 VPD). Walgreens Has Occupied the Site Since 2009 with Over 12-Years Remaining on the Lease Base Term and 50 Years of Tenant Options to Extend Providing 1031 Buyers with an Ideal Passive Investment. ?Lease Corporately Guaranteed by Walgreens Co., One of the Nation’s Dominant Pharmacy Chains and 16th Ranked Company in the Fortune 500 with an S&P Credit Rating of BBB. Strategically Positioned Across from Both the Recently Constructed 155,000 SF Lawler High School and Centennial High School with Over 2,000 Students Generating Material Activity Around the Site. ?Rapidly Growing Dallas-Fort Worth MSA Suburb with Explosive Population Growth Expected Around the Subject Property Projected at Over 23 Percent Within a 1-Mile Radius Between 2021 and 2026. Situated in a Dense and Affluent Area with Over 300,000 People Living Within a 5-Mile Radius with an Average Annual Household Income Exceeding $170,000 Within a 1-Mile Radius.

Investment Highlights

  • Absolute NNN Walgreens with Zero Landlord Responsibilities Located at the Highly Trafficked Signalized ?Intersection of Rolater Road (15,000 Vehicles Per Day, VPD)) and Coit Road (10,000 VPD)
  • Walgreens Has Occupied the Site Since 2009 with Over 12-Years Remaining on the Lease Base Term and 50 Years of Tenant Options to Extend Providing 1031 Buyers with an Ideal Passive Investment
  • ?Lease Corporately Guaranteed by Walgreens Co., One of the Nation's Dominant Pharmacy Chains and 16th Ranked Company in the Fortune 500 with an S&P Credit Rating of BBB
  • Strategically Positioned Across from Both the Recently Constructed 155,000 SF Lawler High School and Centennial High School with Over 2,000 Students Generating Material Activity Around the Site
  • ?Rapidly Growing Dallas-Fort Worth MSA Suburb with Explosive Population Growth Expected Around the Subject Property Projected at Over 23 Percent Within a 1-Mile Radius Between 2021 and 2026
  • Situated in a Dense and Affluent Area with Over 300,000 People Living Within a 5-Mile Radius with an Average Annual Household Income Exceeding $170,000 Within a 1-Mile Radius

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s) TX: 9002994

    Texas

Drug Store

Walgreens I Rapid Population Growth I Dallas MSA

Listing Price: $8,500,000

Cap Rate
4.89%
Tenant Name
Walgreens
Years Remaining On Lease
11.8
Guarantor
Corporate Guarantee
Rentable SF
14,820
Lease Type
Absolute Net
Rent Per Square Feet
$28.02

Investment Highlights

  • Absolute NNN Walgreens with Zero Landlord Responsibilities Located at the Highly Trafficked Signalized ?Intersection of Rolater Road (15,000 Vehicles Per Day, VPD)) and Coit Road (10,000 VPD)
  • Walgreens Has Occupied the Site Since 2009 with Over 12-Years Remaining on the Lease Base Term and 50 Years of Tenant Options to Extend Providing 1031 Buyers with an Ideal Passive Investment
  • ?Lease Corporately Guaranteed by Walgreens Co., One of the Nation's Dominant Pharmacy Chains and 16th Ranked Company in the Fortune 500 with an S&P Credit Rating of BBB
  • Strategically Positioned Across from Both the Recently Constructed 155,000 SF Lawler High School and Centennial High School with Over 2,000 Students Generating Material Activity Around the Site
  • ?Rapidly Growing Dallas-Fort Worth MSA Suburb with Explosive Population Growth Expected Around the Subject Property Projected at Over 23 Percent Within a 1-Mile Radius Between 2021 and 2026
  • Situated in a Dense and Affluent Area with Over 300,000 People Living Within a 5-Mile Radius with an Average Annual Household Income Exceeding $170,000 Within a 1-Mile Radius

Investment Overview

Absolute NNN Walgreens with Zero Landlord Responsibilities Located at the Highly Trafficked Signalized ?Intersection of Rolater Road (15,000 Vehicles Per Day, VPD)) and Coit Road (10,000 VPD). Walgreens Has Occupied the Site Since 2009 with Over 12-Years Remaining on the Lease Base Term and 50 Years of Tenant Options to Extend Providing 1031 Buyers with an Ideal Passive Investment. ?Lease Corporately Guaranteed by Walgreens Co., One of the Nation’s Dominant Pharmacy Chains and 16th Ranked Company in the Fortune 500 with an S&P Credit Rating of BBB. Strategically Positioned Across from Both the Recently Constructed 155,000 SF Lawler High School and Centennial High School with Over 2,000 Students Generating Material Activity Around the Site. ?Rapidly Growing Dallas-Fort Worth MSA Suburb with Explosive Population Growth Expected Around the Subject Property Projected at Over 23 Percent Within a 1-Mile Radius Between 2021 and 2026. Situated in a Dense and Affluent Area with Over 300,000 People Living Within a 5-Mile Radius with an Average Annual Household Income Exceeding $170,000 Within a 1-Mile Radius.

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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