3045 Broadway Blvd

The Boulder Group is pleased to exclusively market for sale a single tenant net leased Walgreens property located within the Dallas MSA in Garland, Texas. Walgreens has a long operating history at this location since 1998. Walgreens recently signed a new 15-year lease through September 2038 which demonstrates immense commitment. The lease features rental escalations every five years throughout the term of the lease. It also contains twelve 5-year renewal options and is triple net with no landlord responsibilities. Walgreens is the second largest pharmacy store chain in the United States with a Fortune 500 ranking of 27 for total revenue.
The 15,068 square-foot building benefits from its position at the signalized intersection of Centerville Road and Broadway Boulevard which experience a combined daily traffic count of 77,400 vehicles. The asset is located across from Plaza Garland shopping center which is occupied by several nationally recognized tenants – DaVita Dialysis, Dollar Tree, Burger King, McDonald’s, & Retro Fitness. Other neighboring retailers include Chase Bank, Sherwin-Williams, Whataburger, dd’s Discounts, Ollie’s Bargain Outlet, Public Storage, and T-Mobile. Adding to the corridor’s appeal is the proximity to South Garland High School, which hosts 2,300 students, and Interstate 635 which sees a traffic count of 205,000 vehicles per day. There is a robust consumer base surrounding the property with more than 321,000 people within a five-mile radius. The average household income within five miles exceeds $96,200 per year.
Walgreens is included in the Retail Pharmacy USA Division of Walgreens Boots Alliance, Inc., a global leader in retail pharmacy. As America’s most loved pharmacy, health and beauty company, Walgreens purpose is to champion the health and wellbeing of every community in America. Operating more than 9,000 retail locations across America, Puerto Rico and the U.S. Virgin Islands, Walgreens is proud to be a neighborhood health destination serving approximately 8 million customers each day. Walgreens pharmacists play a critical role in the U.S. healthcare system by providing a wide range of pharmacy and healthcare services.