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Arlington, TX - Walgreens

$6,144,000

1116 W. Lamar Boulevard, Arlington, TX 76012

Active
Last Updated: 03/12/2025

6

Cap Rate

368,640

NOI

Details:
Cap Rate:    6%
NOI:    $368,640
Building Size:    14,513 sqft
Lot Area:    1.49 acres
Year Built:    2002
Zoning:    PD
Description:

• The tenant has successfully occupied the site since 2002 and has 10 (5-year) options remaining on the lease
• Lease is signed by Walgreen Co.
• Walgreens currently operates nearly 9,000 retail locations across America, Puerto Rico, and the U.S. Virgin Islands, and serves nearly 10 million customers each day

• The subject property is located at the signalized, hard corner intersection of N. Davis Dr. and W. Lamar Blvd
• Ideally positioned off Interstate 30 (136,400 VPD), allowing users to benefit from on/off ramp access to the site and surrounding trade areas
• Arlington has several new developments such as 513-room Loews Hotel, $4B Texas Live Entertainment District expansion, the 2,000-acre Viridian master-planned community, Yardly’s $55M build-to-rent community, and more
• Located 13 miles from Fort Worth and 20 miles from Dallas
• More than 290,000 residents and 135,000 employees support the trade area
• Average household income $124,558 within 1-mile radius

Map:
Location
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