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33314090
33314088

3809 E Belknap St, Fort Worth, TX 76111

JF
CA 02100489
Marcus & Millichap - Los Angeles
TB
CA 02116455
Marcus & Millichap - Los Angeles
RN
01324570
Marcus & Millichap - Los Angeles
NS
CA 02214020
Marcus & Millichap - Los Angeles
Listed by Marcus & Millichap - Los Angeles
$4,120,000
2 days on market
Updated 2 days ago

Walgreens | Absolute-NNN | ±12 Years Remaining

Details
Property Type Retail
Sub Type Convenience Store, Pharmacy/Drug (+1)
Square Footage 13,741
Net Rentable (SqFt) 13,741
Cap Rate 5.37%
NOI $221,168
Occupancy 100%
Tenancy Single
Brand/Tenant Walgreens, CVS Pharmacy (+1)
Lease Type Absolute NNN
Lease Term 15
Lease Expiration 10/31/2038
Remaining Term 12.4
Rent Bumps Yes
Lease Options 12 x 5 Years
Year Built 1997
Acreage 1.520
Tenant Credit Corporate Guarantee
Lease Commencement 10/24/2023
Ground Lease No

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

Listing Contacts

JF
CA 02100489
Marcus & Millichap - Los Angeles
TB
CA 02116455
Marcus & Millichap - Los Angeles
RN
01324570
Marcus & Millichap - Los Angeles
NS
CA 02214020
Marcus & Millichap - Los Angeles
Listed by Marcus & Millichap - Los Angeles

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$221,168.00
$18,430.67/mo

Valuation Metrics

0
DSCR
5.37%
Cap Rate
5.37%
ROI

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Additional Information

Name
Tim Speck
License
9002994
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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