731 W Belt Line Rd - Drug Store FOR SALE


DeSoto, TX 75115
$4,000,000 USD
949-270-8206
731 W Belt Line Rd, DeSoto, TX for Sale
$4,000,000 USD
Drug Store - FOR SALE
1/10
null | 7% Cap Rate

731 W Belt Line Rd
DeSoto, TX 75115


HIGHLIGHTS

  • 8+ Years Remaining | Scheduled Rental Increases | Leading Pharmacy Store Chain
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Signalized, Hard Corner Intersection | Drive-Thru Pharmacy | Excellent Visibility & Access
  • Adjacent to Walmart Supercenter | Strong Retail Corridor | Nearby National/Credit Tenants
  • Direct Residential Consumer Base | Strong Demographics in 5-Mile Trade Area

OVERVIEW

SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, drive-thru pharmacy equipped, freestanding, Walgreens investment property located in DeSoto, Texas (Dallas-Fort Worth MSA). Walgreens has 8+ years remaining on the initial term of the lease with 6 (5-year) options to extend, demonstrating their commitment to the site. The lease features 5% rental increases every 5 years throughout the initial term and at the beginning of each option period, growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management-free investment opportunity for a passive investor. Headquartered in Deerfield, IL, Walgreens operates over 9,200 stores across all 50 states and was recently included in FORTUNE’s 2020 list of the World’s Most Admired Companies for the 27th consecutive year.

FOR SALE DETAILS

PRICE

$4,000,000 USD

PRICE/SF

$278 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Walgreens

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

ADD'L SUBTYPES

Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

74

LAND DETAILS

LAND ACRES

2.01 AC

LAND SF

87,556 SF

ZONING

PD

APN/PARCEL ID

200705000A01A0000

ASK ABOUT THIS PROPERTY

Parker WalterSRS National Net LeaseMore Info
949-270-8206

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Parker WalterSRS National Net LeaseMore Info
949-270-8206

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