Asking Price
Sq. Footage
NOI Net Operating Income
Cap Rate

Attributes

Year Built 1996
Lot Size acres

Property Description

JLL is pleased to exclusively offer the opportunity to acquire a fee simple, absolute triple net leased Walgreens (the “Property“ or the “Asset”) in Irving, TX. The Property is ideally positioned on a 1.5-acre parcel at the signalized intersection of West Shady Grove Road and MacArthur Boulevard, with minimal competition in the immediate area. As a result, the Walgreens out-performs the national Walgreens store significantly, reporting $3.5 million in sales in 2018. Walgreens, an investment grade tenant (S&P: ‘BBB/Stable’), has occupied the Property since 1996, with 14.8 years remaining on the primary term of the lease. This offering presents the rare opportunity for an investor to acquire a unique Walgreens with primary term escalations, a brand new 15-year lease, with massive sales figures.

Investment Highlights

  • Outstanding unit-level performance ($3.5M in reported sales)
  • Rare primary term escalations (5% every 5 years)
  • National, investment-grade pharmacy tenant
  • Newly renewed 15-year lease
  • Absolute NNN deal structure
  • Signalized hard corner positioning
  • Dense demographics less than 10 miles from Downtown Dallas
Alex Sharrin
Alex Sharrin
SVP, Capital Markets
Licensed in
IL - 475.170243
Mark West
Mark West
Senior Managing Director
Licensed in
TX - 519437

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