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Walgreens 1201 Ferris Ave 15,153 SF Retail Building Waxahachie, TX 75165 $8,014,847 CAD ($528.93 CAD/SF) 6.25% Cap Rate

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Investment Highlights

Absolute NNN / 9+ Yrs. Remaining
Suburb of Dallas/FW

5% rental increases every 5 years

Executive Summary

R. Peter Giadla of Seneca Real Estate Group, LLC in co-operation with Northmarq Commercial, is pleased to present to qualified investors the opportunity to acquire single-tenant Walgreens property located at 1201 Ferris Avenue in Waxahachie, Texas. The Property consists of a 15,153-square-foot building situated on 1.47 acres, constructed in 2001. Walgreens is operating under an absolute NNN lease with zero landlord responsibilities, providing investors with a completely passive and stable income stream. The lease commenced 11/9/2020 and extends through 11/30/2035. with 12 / 5 yr. renewal options through 2095, at 5% rental increases every 5 years. For further interest, please reach to LA. Full OM to follow shortly.

OM Preview - TX, Waxahachie 2026

Property Facts

Sale Type

Investment NNN

Property Type

Retail

Property Subtype

Drug Store

Building Size

15,153 SF

Building Class

Year Built

2001

Price

$8,014,847 CAD

Price Per SF

$528.93 CAD

Cap Rate

6.25%

NOI

$500,928 CAD

Tenancy

Single

Building Height

1 Story

Building FAR

0.24

Lot Size

1.47 AC

Zoning

F1 - Commercial

Parking

50 Spaces (3.3 Spaces per 1,000 SF Leased)

Frontage

421’ on Ferris Ave

Pylon Sign

Drive Thru

Major Tenants

Retailer
15,153 SF
-
Triple Net
Nov 2035

Walgreens Boots Alliance began with Walgreens, which was founded in 1901 and grew from a neighborhood drugstore into a large pharmacy and retail business. The company was formed later through the combination of Walgreens and Alliance Boots, creating a business with a broad presence in pharmacy retail and health-focused services. Its operations include retail pharmacy, healthcare services, and pharmaceutical wholesale, with digital and in-store offerings that support prescription access, consultations, immunizations, and wellness products. Walgreens Boots Alliance has remained centered on pharmacy-led care while serving customers through a mix of community locations and online channels.