Historical Retail Sale Listing - Walgreens

Retail For Sale

This Retail property is Off-Market. Search below to find active commercial real estate for sale or lease.

Browse More Listings in Retail For Sale, Fort Worth, TX or Texas

Walgreens

4912 Bryant Irvin Road, Fort Worth, TX 76116

N/A

13,905 SF | Retail

  • Print

Retail Property - Off Market

Price:
N/A
Building Size:
13,905 SF
Property Type:
Retail
Property Sub-type:
Retail (Other)
Property Use Type:
Net Lease Investment with
10+ years left on lease
Cap Rate:
8.50%
Tenancy:
Single
Lot Size:
1.62 AC
Listing ID
16623121
Last Updated
over 1 year ago

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

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

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

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

  • Demographics – Population, income & other demographics near 4912 Bryant Irvin Road
  • Research Price – Recent sales of similar properties
  • Property Record Data – Historical listings, current tax, mortgage, owners & tenant info for this building