Commercial Real Estate National

THE SANDELIN GROUP

WALGREENS

6984 Rufe Snow Drive

Fort Worth, TX 76148

Marcus & Millichap is pleased to offer for sale Walgreens located in North Richland Hills (Ft Worth), Texas.The subject is a 15,120 SF Drive-Thru Walgreens situated on the hard corner of Rufe Snow Drive and Hightower Drive. Walgreens has 13 years remaining on their lease with five, 5-year options remaining. Walgreens is on a double net lease structure with minimal landlord responsibilities. North Richland Hills is a high end suburb of Dallas and Fort Worth.

OFFERING HIGHLIGHTS:

Corporate Guarantee from Standard & Poors BBB Rated Company
11% Rent Increase in 2029
Long Term Lease
Multiple Ingress & Egress Points
Signalized Hard Corner
Located in Suburb's Main Road in North Richland Hills of Fort Worth
Average HHI Over $85,000
Low Rent/High Sales Store
Approved for Healthcare Clinic
Large 1.55 Acre Parcel

OFFERING SUMMARY:

LIST PRICE: $4,891,983
CAP RATE: 6.0%
GROSS LEASABLE AREA: 15,120 SF
GROSS LOT AREA: 1.55 Acres
PRICE/SF: $323.54
LEASE TYPE: NN
YEAR BUILT: 1998
TYPE OF OWNERSHIP: FEE SIMPLE

Exclusively Listed By

Scott Sandelin

First Vice President Investments

Senior Director, National Retail Group

(786) 522-7009 Work

(305) 761-5829 Cell

scott.sandelin@marcusmillichap.com

License: FL-SL 636794

Broker of Record:

Tim A. Speck

License: 432723

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services of Florida, Inc. © 2017 Marcus & Millichap. All rights reserved.

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