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Walgreens | Lewisville, TX 1103 W Round Grove Rd

14,560 SF Retail Building Lewisville, TX 75067 £3,978,528 (£273/SF) 6.25% Net Initial Yield

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Investment Highlights

RECENTLY EXTENDED LEASE – NO RENT REDUCTION
ABSOLUTE TRIPLE NET (NNN) LEASE
CORPORATE GUARANTEE FROM WALGREENS

IDEAL LOCATION
EXCELLENT SITE-LEVEL VISIBILITY
DALLAS FORT WORTH INTERNATIONAL AIRPORT

Executive Summary

PRICING - $5,072,000
CAP RATE - 6.25%
NOI - $317,000
LEASE EXPIRATION - 5/31/2034
GUARANTEE - CORPORATE

Final OM_Walgreens - Lewisville, TX_Sep 2024 (optimized)

Property Facts

Sale Type

Investment NNN

Property Type

Retail

Property Subtype

Drug Store

Building Size

14,560 SF

Building Class

Year Built

2004

Price

£3,978,528

Price Per SF

£273

Net Initial Yield

6.25%

NOI

£248,658

Tenancy

Single

Number of Floors

Building FAR

0.18

Land Acres

1.89 AC

Zoning

Frontage

135 ft on Round Grove Rd

Amenities

Pylon Sign

Signalised Intersection

Drive Thru

MAJOR TENANTS

Retailer
14,560 SF
-
NNN
May 2034

Walgreens is a trusted and convenient local health destination that millions of Americans rely on every day. Their founder, Charles R. Walgreen Sr., was known for finding new ways to connect with customers on a personal level and treating each person like a guest in his own home. For over a century, they have expanded that personal connection through their network of neighborhood pharmacies and their innovative health services and products. The foundation for all of this is their trusted pharmacy expertise, and their team members who provide essential care that helps people achieve better health outcomes at an affordable cost.