x
By submitting, you're allowing YAFC Team to email you regarding available listings. You can unsubscribe anytime.

x

Contact Us

x

Walgreens, Arlington, TX

Walgreens

Arlington, TX

Price $6,302,000
Cap Rate 5.85%
NOI $368,640
Lease Term 25 Years
Lease Type Absolute NNN Lease, With Tenant Responsible For All Taxes, Insurance, And Maintenance, Including Roof, Structure, And Parking Lot
Rental Increases Fixed
Year Built 2002
Building Size 14,404 SF
Lot Size 1.492 Acres (64,992 SF)
Status Available
Lead Broker Information Scott Crowle
Executive Managing Director
415.604.4288
scott.crowle@cushwake.com
CA RE License #01318288

Michael T. Yuras, CCIM
Vice Chairman
415.481.0788
michael.yuras@cushwake.com
CA RE License #01823291

Vincent Aicale
Executive Managing Director
415.690.5522
vince.aicale@cushwake.com
CA RE License #01728696

Ryan Forsyth
Executive Managing Director
415.413.3005
ryan.forsyth@cushwake.com
CA RE License #01716551

Investment Highlights

25-YEAR ABSOLUTE NNN LEASE TO WALGREENS BOOTS ALLIANCE, INC. (NASDAQ: “WBA”)
» Walgreens Boots Alliance, Inc. (NASDAQ: “WBA”) is rated “BBB/Stable” by Standard & Poor’s and is ranked 18th in the Fortune 500
» Walgreens is the second-largest pharmacy store chain in the United States with nearly 9,000 retail locations and is proud to be a neighborhood health destination serving approximately 10 million customers each day
» Walgreens employs 245,000+ people and 86,000+ healthcare service providers, including pharmacists, pharmacy technicians and other health-related professionals
» Tenant has been at current location since 2002 – tenant’s dedication to the site is exemplified by its long term commitment to this location
» 4+ years remaining on absolute NNN lease with no landlord responsibilities, ideal for an out-of-area investor
» Property features prescription drive-thru lane, providing additional customer convenience and boosting sales revenue

HIGH-VISIBILITY LOCATION BETWEEN DALLAS AND FORT WORTH
» Ideal location at the signalized four-way intersection of West Lamar Boulevard and North Davis Drive (combined 39,072 AADT)
» Beneficial proximity to major Texas thoroughfares, including Interstate 30 (124,000 AADT)
» Surrounded by notable national tenants such as Walmart Supercenter, The Home Depot, Kroger, Walmart Neighborhood Market, Whole Foods Market, Chick-fil-A, Raising Cane’s, McDonald’s, and many more
» Located near major Texas employers and community hubs, including The University of Texas at Arlington (39,714 students, $17.1 billion annual economic impact) and Dallas Fort Worth Airport, the second-busiest airport in the world with 62.5 million passengers in 2021

DENSELY POPULATED AND GROWING DALLAS-FORT WORTH METRO
» 289,482 residents live within five miles of the property, creating an extremely large and reliable customer base for the site
» Average annual household income of $120,828 within a one-mile radius of the site, providing an affluent customer base
» Projected population and income increases within 1-, 3-, and 5-mile radii over the next five years poise Walgreens and Arlington for steady concurrent growth
» Centrally located between Downtown Dallas and Fort Worth, allowing the property to capture immense amounts of commuter traffic
» Arlington is the entertainment capital of North Texas which has 48.9 million visitors annually (North Texas tourists create an estimated economic impact of $1.4 billion)
» Located in an income tax-free state


Property Description

» This Walgreens is conveniently located at the signalized four-way intersection of West Lamar Boulevard and North Davis Drive (combined 39,072 AADT)
» Located in a growing retail corridor, the property is surrounded by notable tenants such as Walmart Supercenter, The Home Depot, Kroger, Walmart Neighborhood Market, Whole Foods Market, Chick-fil-A, Raising Cane’s, McDonald’s, and many more, creating significant crossover shopping
» The site is strategically located near major Texas employers and community hubs, including The University of Texas at Arlington (39,714 students,$17.1 billion annual economic impact) and Dallas Fort Worth Airport, the second-busiest airport in the world with 62.5 million passengers in 2021
» The site greatly benefits from its large customer base, drawing from 289,482 residents living within five miles of the property
» An average annual household income of$120,828 within a one-mile radius of the site provides an affluent customer base
» Arlington is the entertainment capital of North Texas which has 48.9 million visitors annually (North Texas tourists create an estimated economic impact of $1.4 billion)

Contact Us About This Property

Scott & Mike & Vince & Ryan Form
Sending
JOIN OUR
EMAIL LIST
SUBSCRIBE
Receive Our Latest Single and Multi-Tenant Listings
close-link