11403 E Northwest Hwy - Drug Store FOR SALE


Dallas, TX 75218- Lake Highlands
$4,400,000 USD
858-537-0828
11403 E Northwest Hwy, Dallas, TX for Sale
$4,400,000 USD
Drug Store - FOR SALE
1/3
null | 7.5% Cap Rate

11403 E Northwest Hwy
Dallas, TX 75218
Lake Highlands


HIGHLIGHTS

  • The average household income is $108,000 within 3 miles of the property.
  • Walgreens exercised their first 5-Year option in 2021, showing their long-term commitment to the location.
  • Walgreens operates under an NNN lease with zero landlord responsibilities.
  • Walgreens has a 24+ year operating history at this location.
  • Located less than 8 miles from Downtown Dallas, the property has 116,000 residents within a 3-mile radius.
  • Over 36M SF of industrial space within 3 miles, supported by the Miller Business Park and the Shiloh Industrial Area.

OVERVIEW

We are pleased to market for sale the Walgreens property located at 11403 E NW Hwy, Dallas, TX 75218 (“The Property”). Walgreens has been operating at this location for 24 years and has 6 years remaining, with 9 (5-year) options to extend. Walgreens is on an absolute NNN lease with zero landlord obligations whatsoever. In 2021, Walgreens exercised its first 5-year lease option early and extended the firm lease term to the next cancellation option in 2032, demonstrating a long-term commitment to the location. The Property is strategically located in a dense infill trade area less than 8 miles from Downtown Dallas, with over 116,000 residents within a 3-mile radius and the surrounding neighborhoods support an average household income exceeding $108,000. Located with frontage on East Northwest Highway, the Property has has a traffic count of 35,000 vehicles per day. The Property is located less than a mile from I-635, with 165,000 vehicles per day, one of the most heavily traveled transportation corridors in Texas connecting every major North Texas employment center, including Richardson, Plano, Addison, Irving, Las Colinas, and DFW Airport. The Property also benefits from its proximity to one of the largest industrial concentrations in the Dallas market. There are more than 36 million square feet of industrial space within 3 miles, anchored by Miller Business Park and the Shiloh Industrial Area, providing a substantial daytime workforce supporting a consistent demand for convenience retail and pharmacy services. This Property offers investors a rare opportunity to acquire strong underlying real estate with a predictable tenant operating history and reasonable rents in one of the nation's fastest-growing, income tax-free MSAs. Listed in conjunction with Brian Brockman, Bang Realty - Texas Inc, 513-898-1551, wg@bangrealty.com, TX DRE Lic. 701472.

FOR SALE DETAILS

PRICE

$4,400,000 USD

PRICE/SF

$305 USD /SF

CAP RATE

7.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Walgreens $108K HH Incomes Early Lease Ext.

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2002

SPRINKLERS

-

PARKING SPACES

44

LAND DETAILS

LAND ACRES

1.56 AC

LAND SF

67,954 SF

ZONING

CS

APN/PARCEL ID

008043000A01B0000

ASK ABOUT THIS PROPERTY

Dawson MacKayPharma Property Group- Drugstore SpecialistsMore Info
858-537-0828

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Dawson MacKayPharma Property Group- Drugstore SpecialistsMore Info
858-537-0828

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.