Walgreens

Walgreens

Plano, TX

Plano, TX

Walgreens

Offered for sale is the opportunity to acquire a double net lease Walgreens in Plano, Texas. The property consists of a 13,698-square-foot, freestanding building that sits on 2.00 acres of land. There are 4.3 years remaining on the current lease term and eight, 5-year options remaining.

Price $2,967,000
Cap Rate 6.00%
Building Size 13,698 sqft
Lot Size 2 acres
Year Built 1998
Offering Memorandum

Vincent Knipp

Senior Managing Director Investments
(972) 755-5205
vincent.knipp@marcusmillichap.com
License: TX 0579633
FINANCING TEAM

Duke Dennis

Director
(817) 932-6172

 

  • Double Net Lease with 4.3 Years Remaining
  • Signalized Hard Corner Location on Legacy Drive and Alma Drive; Combined Traffic Counts Exceed 61,119 Vehicles per Day
  • Tenant Paid for the VillageMD Renovation at Their Own Expense
  • Affluent Trade Area - Average Household Income is $102,362 Within a Five-Mile Radius
  • Large, Two-Acre Parcel with Ample Parking and Multiple Access Points
  • More than 339,978 Residents Within a Five-Mile Radius
  • High-Growth Market in North Dallas - 49 Percent Population Growth Since 2000 and Eight Percent Projected Growth by 2027 Within a Five-Mile Radius
  • Less than a Mile from the State-of-the- Art Legacy Central, a 85-Acre, Technology Oriented Office and Mixed-Use Campus

Vincent Knipp

Senior Managing Director Investments
(972) 755-5205
vincent.knipp@marcusmillichap.com
License: TX 0579633
Go to Top