Historical Retail Sale Listing - NNN-leased Walgreens store - Fort Worth, TX

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,

NNN-leased Walgreens store - Fort Worth, TX

Alta Vista Rd and Timberland Blvd, Fort Worth, TX 76244

N/A

14,820 SF | Retail

  • Print

Retail Property - Off Market

Price:
N/A
Building Size:
14,820 SF
Property Type:
Retail
Property Sub-type:
Free Standing Bldg
Property Use Type:
Net Lease Investment with
10+ years left on lease
Construction Status:
Under Construction/
Proposed
Cap Rate:
6%
Tenancy:
Single
Year Built:
2012
Lot Size:
1.70 AC
Listing ID
17570065
Last Updated
over 1 year ago

Highlights

  • NNN Leased Single Tenant Walgreens (S&P rated A ) with a brand new 20-year lease; currently under construction with expected delivery in 10/2012
  • New construction will offer investors modern size and layout configuration to meet the changing demands of the Walgreens consumer
  • Ideal commercial location within a burgeoning retail corridor
  • Surrounding retailers include Kroger, Bank of America, McDonald' s and Subway
  • Situated in a prominent location at the southwest corner of Alta Vista Rd and Timberland Blvd
  • The Property benefits from excellent visibility and access with 3 points of egress and ingress

Description

Jones Lang LaSalle is pleased to present for sale, on behalf of Walgreen Company the fee-simple interest in a brand-new Walgreens (S&P rated A ) store subject to a 20-year lease with expected delivery in October of 2012. The Property is well-situated within a high-growth, mixed-used community in Fort Worth, TX.

The Property is situated 17 miles north of downtown Fort Worth in AllianceTexas, a 17,000 acre master-planned, mixed-use community. AllianceTexas is home to 265 companies, 30,000+ employees and 7,600+ single-family homes. The Property is located at the corner of Alta Vista Rd and Timberland Blvd, a highly-visible 1.66 acre site in a burgeoning retail corridor. The Shops of Timberland Crossing, a 120,000+ square foot shopping center located across the street, is scheduled to open the summer of 2012. The center will feature Kroger, Bank of America, McDonald' s as well as 21,000 square feet of in-line space sure to attract additional retailers. The retail trade area is surrounded by affluent neighborhoods with an average household income of $73,606.

Map of Alta Vista Rd and Timberland Blvd, Fort Worth, TX 76244 (Tarrant County)

Research for Alta Vista Rd and Timberland Blvd, Fort Worth, TX 76244 (Tarrant County)

  • Demographics – Population, income & other demographics near Alta Vista Rd and Timberland Blvd
  • Research Price – Recent sales of similar properties
Created 3/13/2012