1226 W MCDERMOTT DR, ALLEN, TX 75013

Hard Corner Location | 54,000+ VPD | Immediate US-75 Access

• The Property occupies a hard corner at the signalized intersection of W McDermott Drive and S Alma Drive, two of west Allen's primary commuter routes, providing excellent visibility and access. The Property features direct ingress and egress to both corridors, allowing for easy access from all directions.
• W McDermott Drive carries over 37,000 vehicles per day and S Alma Drive an additional 17,000, for a combined 54,000+ vehicles per day passing the intersection.
• The Property sits less than a half mile from US-75 (Central Expressway), which carries over 174,900 vehicles per day and connects north to the Sam Rayburn Tollway and south toward downtown Dallas which is approximately 30 minutes away.

Healthcare-Anchored Trade Area | Proximity to Texas Health Presbyterian Hospital Allen

• The Property benefits from a healthcare-rich trade area anchored by Texas Health Presbyterian Hospital Allen, an 88-bed acute-care hospital located within a mile of the Property, with over 500 physicians on staff across more than 25 specialties.
• The surrounding corridor features a dense concentration of medical, dental, and outpatient offices, generating consistent daytime demand and supporting over $25 million in annual prescription-drug spending within 3 miles.

Strong Corporate Workforce | 12,000+ Daytime Employees in the Immediate Area

• The Property is supported by a large workforce, with more than 12,000 daytime employees within 1 mile and over 106,000 within 3 miles, roughly 40% of whom hold professional and management occupations.
• Major corporate employers including Experian, Frontier Communications, Jack Henry & Associates, and CVE Technology Group are clustered approximately 2 miles south of the Property along the US-75 / Central Expressway corridor.
• Beyond Allen, the Property draws from major regional employment centers in Plano, Frisco, and the broader Dallas-Fort Worth Metroplex, the nation's fourth-largest metro and home to 18 Fortune 500 headquarters.

Abs. NNN Lease | 1st Option Period Exercised with No Rental Concessions | Below-Market Rent

• The Property features a freestanding 14,000 SF building on a 2.20-acre corner parcel, providing strong intrinsic value and residual real estate within a built-out, high-barrier submarket.
• The Property is subject to a long-term Absolute NNN lease directly with Walgreens providing corporate-level backing, limited landlord responsibilities, and a largely passive investment.
• Walgreens recently exercised their first option period with no rental concessions, demonstrating their ongoing commitment to the location and the surrounding Allen market.
• The in-place rent is low ($18 PSF) relative to current on-market Walgreens locations across Texas, offering an attractive rent basis and below-market in-place income.
• Walgreens is one of the largest retail pharmacy operators in the United States, lending strong national brand recognition and consistent customer draw to the Property.

Affluent, Rapidly Growing Demographics | 16,000+ Residents | $174,000+ Avg HH Income

• The Property is supported by a deep residential base of approximately 16,000 residents within 1 mile and 132,000 residents within 3 miles. Both regions are projected to grow another 14% by 2030.
• Average household incomes are among the highest in the region, exceeding $174,000 within 1 mile and $149,000 within 3 miles.
• Allen is one of the fastest-growing and most affluent suburbs in Collin County, one of Texas' wealthiest and fastest-growing counties, and was ranked among the top suburbs to live in America (Niche, 2025).
• The Property benefits from numerous local schools located within 1 mile to create significant daily traffic in the area. Such schools include but are not limited to Green Elementary (750+ students), Norton Elementary (650+ students), Dr. E.T. Boon Elementary (775+ students) and Ereckson Middle School (1,200+ students).
• Additionally, approximately 2 miles away is Allen High School (5,200+ students), the district's single comprehensive high school and the largest single-campus high school in Texas.

Dense Retail Corridor | Near Major Mixed-Use Developments

• The Property is part of a retail node anchored by a Kroger grocery store and including national tenants such as Braum's, Sonic Drive-In, Regions Bank, and Firestone, among others.
• The Property is situated within an established retail corridor featuring over 7.5M SF of retail space within 2 miles, anchored by national retailers including Walmart Supercenter, Target, Lowe's, Home Depot, Best Buy, Dick's Sporting Goods, and TJ Maxx & HomeGoods, among others.
• Nearby regional draws include Allen Premium Outlets, the Village at Fairview / Fairview Town Center (anchored by Whole Foods, Dillard's, Macy's, and JCPenney), and the Village at Allen (home to Super Target, Best Buy, and Top Golf).
• The area continues to attract significant new investment, including The Farm in Allen (135 acres with over 1.6M SF of office, retail, dining, and residential), The Avenue (80 acres with over 1.25M SF of office, retail, dining, and entertainment, plus residential and hospitality), and Sloan Corners (500-acre, $3B development), reinforcing long-term demand and underlying real estate value.