Listed by SWE Realty
$2,868,387
Walgreens: Covered Land Opportunity | Dallas, TX MSA
Details
Property Type Retail
Sub Type Convenience Store, Grocery Store
Square Footage 14,000
Net Rentable (SqFt) 14,000
Cap Rate 7.75%
NOI $222,300
Occupancy 100%
Tenancy Single
Brand/Tenant Walgreens
Lease Type Absolute NNN
Lease Term 13.1
Lease Expiration 07/31/2034
Remaining Term 8.1
Rent Bumps Yes
Lease Options 12/5 Year Options
Pro-Forma Cap Rate 7.75%
Pro-Forma NOI $222,300
Broker Co-Op Yes
Class A
Year Built 2008
Acreage 1 - 3
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 06/21/2021
Occupancy Date 06/01/2021
Ground Lease No
Ownership Fee Simple
Sale Condition 1031 exchange
WAGS | Located next to new Chick Fil A
Marketing description
- Corporate guarantee from Walgreens Boots Alliance, Inc. (parent company of Walgreens)
- Absolute NNN lease: tenant responsible for all real estate taxes, insurance, and maintenance, including roof, structure, and parking lot—no landlord management
- Positioned as a Walmart outparcel, adjacent to a new Chick-fil-A
- Strategic location along a primary retail corridor off Hwy 175 with convenient access toward Downtown Dallas
- Located within the Dallas–Fort Worth Metroplex
- Texas: no state income tax
- Strong retail synergy with nearby high-traffic anchors and daily-needs demand drivers
- Attractive demographics supported by a growing population base
- Large 1.89-acre parcel with long-term flexibility and potential for future adaptive use
Investment highlights
NNN
5% Rental Increases every 5 years
Listing Contacts
Listed by SWE Realty
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Loan Amount
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Annual Debt Service
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$--
Annual Cash Flow
$222,300.00
$18,525.00/mo
Valuation Metrics
0
DSCR
7.75%
Cap Rate
7.75%
ROI
Map
Zoning
AG AgricultureAgriculture
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View all 14 uses
View all 14 uses Last updated Feb 3, 2026 For deeper zoning details, reports are available at Zoneomics
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