Walgreens
$4,275,848
500 Centennial Boulevard, Richardson, TX 75081
7.25
Cap Rate
309,999
NOI
Details:
Highlights:
- Long-Term Absolute NNN Lease - No landlord maintenance or management responsibilities with approximately 8-Years remaining
- Well-established retail pharmacy with over 16-years at this location Store Sales available upon request
- Excellent Traffic Counts & Strategic Location - 4-way signalized intersection:Centennial & Spring Valley Road with 31,300 VPD along Centennial
- Dense In-Fill Location - 398,938 population in 5-mile radius, surrounded by general commercial, retail, and residential neighborhoods
Description:
Long-Term Absolute NNN Lease - No landlord maintenance or management responsibilities with approximately 8-Years remaining
Well-established retail pharmacy with over 16-years at this location Store Sales available upon request
Excellent Traffic Counts & Strategic Location - 4-way signalized intersection:Centennial & Spring Valley Road with 31,300 VPD along Centennial
Dense In-Fill Location - 398,938 population in 5-mile radius, surrounded by general commercial, retail, and residential neighborhoods
Strong Avg. HHI of $103,669 within a 5-Mile Radius of the subject property
High Growth Market - Population has increased by 10% since 2010
Dallas-Fort Worth MSA - close proximity to Downtown Dallas (8,000,000+Residents in the MSA)
Synergistic Retail Location - National retailers in the immediate trade area include Kroger, McDonald’s, Bank of America, Sonic and many more
1.1 Miles from US Route 75 (281k VPD), 2.0 Miles from I-635 (233,670 VPD),1.8 Miles from Richland College
(1) Rentable Area, Lot Size, Guarantor, Lease Terms, Building Specifications, Year Built, and Demographics are estimates.Buyer is responsible for verifying during the Due Diligence process.
TX Broker of Record: Tim Speck
License: 9002994
Documents:
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Walgreens-Richardson__TX_DFW_MSA_OM__1_.pdf
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Location

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