Walgreens | Absolute-NNN | ±12 Years Remaining
Retail | 5.37% CAP | 13,741 SqFt
Marketing description
Marcus & Millichap is pleased to present a freestanding Walgreens with drive-thru pharmacy, strategically positioned along East Belknap Street in Fort Worth, Texas. The property sits within a high-visibility, established commercial corridor that connects Downtown Fort Worth, Interstate 35W, and surrounding residential neighborhoods, benefiting from strong daily traffic and consistent consumer demand.
The asset is secured by an absolute NNN lease with approximately 12 years remaining, offering investors zero landlord responsibilities and fully passive income backed by a corporate Walgreens guarantee. Scheduled 5% rent increases every five years provide built-in income growth and long-term inflation protection. The site is surrounded by national retailers, medical users, schools, and service-oriented businesses, including Walmart Supercenter, Bank of America, AT&T, CVS, Popeyes, KFC, Taco Bell, and numerous neighborhood anchors.
Located within the Dallas–Fort Worth Metroplex, one of the fastest-growing metropolitan areas in the nation, the property benefits from strong demographic fundamentals, a dense residential base, and ongoing redevelopment activity throughout East Fort Worth. With its essential retail positioning, corporate credit, and long-term passive lease structure, this Walgreens represents a secure and stable net-lease investment in a top-tier growth market.
Investment highlights
- Absolute NNN Lease | Zero Landlord Responsibilities
- ±12 Years Remaining on Long-Term Lease
- Scheduled 5% Rent Increases Every 5 Years
- Corporate-Guaranteed Lease by Walgreens
- Prime East Fort Worth Location Along East Belknap Street
- Located Within the High-Growth Dallas–Fort Worth Metroplex
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