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Walgreens

$4,275,848

500 Centennial Boulevard, Richardson, TX 75081

Active
Last Updated: 03/11/2025

7.25

Cap Rate

309,999

NOI

Details:
Cap Rate:    7.25%
NOI:    $309,999
Building Size:    14,820 sqft
Lot Area:    2.03 acres
Occupancy:    100%
Lease Type:    Absolute Net
Year Built:    2007
Tenancy:    Single
Lease Expire Year:    02/28/2033
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

Map:
Documents:
Title
Walgreens-Richardson__TX_DFW_MSA_OM__1_.pdf
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Location
Gallery