Walgreens $108K HH Incomes Early Lease Ext. 11403 E Northwest Hwy 14,418 SF Retail Building Dallas, TX 75218 $6,166,424 CAD ($427.69 CAD/SF) 7.50% Cap Rate

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.