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NOI Net Operating Income
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Asking Price
NOI Net Operating Income
Cap Rate

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Last Updated Date 26 Jun 2020

Property Description

JLL is pleased to exclusively offer the opportunity to acquire a fee simple, absolute triple net leased Walgreens (the “Property“ or the “Asset”) in Richardson, TX. The Property is ideally positioned on a 1.74-acre parcel at the signalized intersection of Renner Road and North Star Road, with minimal competition in the immediate area. Walgreens, an investment grade tenant (S&P: ‘BBB/Stable’), has occupied the Property since 2002, with 15 years remaining on the primary term of the lease. This offering presents the rare opportunity for an investor to acquire a well-positioned Walgreens with primary term escalations, a brand new 15-year lease, impressive sales figures, in an affluent Dallas suburb.

Investment Highlights

  • Absolute NNN Deal with Rare Primary Term Increases
  • Highest Growth County in Texas
  • Minimal Competition & Dense Population Base
  • High Performing Location
Alex Sharrin
Alex Sharrin
Managing Director, Capital Markets
License details
IL - 475.170243
Caroline Binning
Caroline Binning
Director, Capital Markets
License details
TX - 601565

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