Walgreens (24-Hour)

  • NNN (Triple net)
Plano, TX
Location: Texas


  • Building Size: 13,905 sq/ft
  • Cap Rate: 5.72% %
  • Status: Available
$3,800,000.00

Property Information

  • Type: Pharmacy
  • Net Operating Income : 217,336
  • Lot Size : 1.43
  • Year Built : 1996
  • Building Size : 13905
  • Cap Rate : 5.72%
  • Status : Available

Investment Overview

Walgreens (24-Hour) is located at 2001 Custer Road in Plano, Texas. The 13,481-square foot drug store was constructed in 1996 an did situated on 1.43 acres of land.

Walgreens Boots Alliance, Inc., together with its subsidiaries, operates a network of drugstores in the United States. It provides consumer goods and services, pharmacy, and health and wellness services through drugstores, as well as through mail, and by telephone and online. The company sells prescription and non-prescription drugs; and general merchandise, including convenience and fresh foods, household items, personal care,
photofinishing and candy, and beauty care. It also provides specialty pharmacy services for managing complex and chronic health conditions; customers infusion therapy services consisting of administration of intravenous medications for cancer treatments, chronic pain, heart failure, and other infections and disorders; and clinical services, such as laboratory monitoring, medication profile review, nutritional assessments, and patient and caregiver education. In addition, the company manages in-store convenient care clinics (Healthcare Clinics). As of October 20, 2014, it operated 8,207 locations in 50 states, the District of Columbia, Puerto Rico, and the U.S. Virgin Islands. The company also managed approximately 400 Healthcare Clinics and provider practice locations. The company was founded in 1901 and is based in Deerfield, Illinois.

Plano is a city in the U.S. state of Texas, located mostly within Collin County, but with a small portion that extends into Denton County, 20 miles northeast of downtown Dallas. The city’s population was 269,776 at the 2010 census, making it the ninth most populous city in the state of Texas, and the 70th most populous in the United States. The city is an affluent hub for many corporate headquarters, such as Alliance Data, Cinemark Theatres, Dell Services, Denbury Resources, Dr Pepper Snapple Group, Ericsson, Frito-Lay, HP Enterprise Services, Huawei, JCPenney, Pizza Hut, Rent- A-Center, Traxxas, Siemens PLM Software, and Toyota Motors USA.

Investment Highlights

NN Lease to Walgreens through 7/2027
Walgreens Corporate Guarantee
Minimal Landlord Responsibilities
Excellent Sales ($3,032,536 in 2016)
High-Visibility Signaled Corner Location
Close Proximity to Major Highways

Facilities

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Contact Agent

Geoff Ficke

First Vice President Investments Director, Net Leased Properties National Office and Industrial Properties

License: TX 0593051

Dylan Holmes

Pharmacy Specialist Net Leased Properties

License: 674182

Nicole Patel

Associate Directory / Capital Markets Specialist