WALGREENS | $9,700,000 | 4.18% CAP
The Deltondo Group and Marcus & Millichap are pleased to present for sale Walgreens a single-tenant property located at 3732 West Northwest Highway, Dallas, Texas 75220.
The subject property is comprised of 16,200 square feet, built-in 1996. The building sits on a large 1.77 acre lot located just off West Northwest Highway (±38,800 VPD).
Walgreens operates on an absolute-net lease backed by a corporate guaranty with 13 years remaining. Every 5-years rent will increase 5% with the option to extend the term for twelve, 5-year options. Walgreens benefits from many national tenants surrounding this location as well as Dallas Love Field Airport to which the property backs up to.
Walgreen Company or simply Walgreens is an American company that operates as the second-largest pharmacy store chain in the United States behind CVS Health. It specializes in filling prescriptions, health and wellness products, health information, and photo services. As of August 31, 2018, the company operated 9,560 stores in all 50 states, the District of Columbia and the US territories of Puerto Rico and the U.S. Virgin Islands. It was founded in Chicago, Illinois, in 1901. The Walgreens headquarters office is in the Chicago suburb of Deerfield, Illinois.