Walgreens Dallas/Fort Worth MSA

Highlights:

• Strong Store Sales | Top 11 Percentle Of Walgreens In U.S.| 1.14% Rent/Sales Ratio
• One Of Very Few 24-hour Stores | Top 7 Percentile Customer Visits Of U.S. Walgreens
• Absolute NNN Lease | Fee-simple Ownership With Depreciation Benefits
• Rental Incrases Every Five Years Throughout Initial Term And Option Periods
• Located At Interstate Intersection | Prime Visibility To 154,000 Vehicles Per Day
• Center Of Town Locaton Near Industry-leading Retail Traffic Drivers, Walmart Supercenter, Home Depot, Hobby Lobby, Lowe’s, Target And Albertson’s Are Within The Immediate Trade Area
• Extremely Affluent Trade Area | AHHI $97,943

Description:

Texas Broker of Record: Brian Brockman, Bang Realty-Texas Inc, License # 701472
Faris Lee Investments is pleased to present the exclusive opportunity to acquire a single-tenant net-leased Walgreens asset located in Lake Worth, Texas, positioned within the booming Dallas/Fort Worth MSA, the 4th largest metropolitan area in the United States with over 8.5 million residents. Operating as one of the network’s flagship units, this location operates as a rare 24-hour store, ranking in the top 11th percentile of all Walgreens nationwide for store sales and the top 7th percentile for customer visits in the U.S. (Placer.ai). The store boasts exceptional sales performance paired with a modest, highly sustainable rent structure, yielding a remarkably low rent-to-sales ratio that underscores site-level profitability and continuous tenant commitment. The nearest competing Walgreens is situated over 4 miles away, ensuring a captive surrounding consumer base. The offering features an Absolute NNN lease structure with zero landlord obligations, complemented by rare 5% rental escalations every five years throughout the initial term and option periods, providing investors with predictable cash-flow growth, depreciation tax benefits, and long-term asset value appreciation.

Strategically positioned at the high-traffic nexus of Interstate 820 and Lake Worth Blvd, the property commands premier visibility and multi-point access exposed to over 154,000 Vehicles Per Day (VPD). The asset serves as the commercial focal point of the trade area, surrounded by a dominant roster of industry-leading retail anchors including Walmart Supercenter, Target, Home Depot, Lowe’s, Hobby Lobby, and Albertsons. Mobile tracking and credit card analytics reflect powerful crossover shopping patterns, with daily consumers frequently making multiple stops within this immediate retail hub. Positioned directly in the path of the DFW metroplex’s relentless economic and residential expansion, this offering presents institutional and private investors with a highly defensive, income-generating credit asset in a premier Texas market.

Single-tenant net-leased Walgreens located at the intersection of Interstate 820 and Lake Worth Blvd in Lake Worth, Texas.

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