This Retail Property is Off-Market.

4912 Bryant Irvin Road
Fort Worth, TX 76116 ·

13,905 SF · Retail For Sale

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Walgreens

Price N/A Property Use Type Net Lease Investment with 10+ years left on lease
Building Size 13,905 SF Cap Rate 8.50%
Property Type Retail Tenancy Single
Property Sub-type Retail (Other) Lot Size 1.62 AC
Listing ID: 16623121 Date Created: 03/25/2010 Last Updated: 01/04/2011

Description

The lot is approximately 1.62 acres and the building is 13,905 square feet. The subject property is a 13,905-square foot free standing building on 1.62 acres on on Bryant Irving Road in Fort Worth, TX. This property is 100 percent leased to Walgreens Corp. Walgreens is on a long term net lease with the landlord's only expense responsibilities being roof and structure.

Walgreens is on a sixty-year lease that runs through November 30, 2058, although they have the option to terminate the lease at the end of the first twenty years and every five years afterwards. The first termination option is available November 30, 2018.

Walgreens is considered to be the leader in innovative drugstore retailing. Walgreens ranked number one among food and drugstores for the eighth consecutive year, and is listed for the 13th consecutive year. The existing lease is a long term, double-net (NN) lease with a corporate guarantee from a publicly traded company.

This investment opportunity is by the signaled intersection of Overton Ridge Blvd. and Bryant Irving Road. The site is located off of Interstate 20. As a result of the excellent location on this major commercial thoroughfare the traffic count in the immediate area is over 37,000 cars a day.

Both the property and the parking lot are in excellent physical shape. There is easy access to the property from the street in both directions, along with a connecting parking lot to the large shopping center to the left.

In the shopping center to the left of the property with tenants including Sealy - The Mattress Firm, Pearle Vision, Starbucks, H&R Block and several others. Directly to the right of the property is a Chick-fil-A. Across the street is a La Quinta Inn & Suites a Shell Gas Station. The following national tenants are located behind the property; Super Target, Babies R' Us, Staples. At the intersection of Overton Ridge Blvd. and Bryant Irving Road there is a Ford Dealership and a Lexus Dealership. Additional retail tenants in the area include - Subway, Budget, Hallmark, Wells Fargo, Chase, Costco, Sonic, Comerica Bank, Wingstop, an AmeriSuites Hotel, and several others

Highlights

  • Corporate Guarantee by Walgreens - Standard and Poors A+ Rated Tenant
  • Absolute Net Lease - Limited Landlord Responsibilities
  • 48 Years Left on the Lease
  • Eight-Years Until Tenant's First Termination Option

Research

4912 Bryant Irvin Road, Fort Worth, TX 76116 (Tarrant County)

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