This Retail Property is Off-Market.

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

14,820 SF · Retail For Sale

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NNN-leased Walgreens store - Fort Worth, TX

Price N/A Construction Status Under Construction/Proposed
Building Size 14,820 SF Cap Rate 6%
Property Type Retail Tenancy Single
Property Sub-type Free Standing Bldg Year Built 2012
Property Use Type Net Lease Investment with 10+ years left on lease Lot Size 1.70 AC
Listing ID: 17570065 Date Created: 03/13/2012 Last Updated: 06/18/2012

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.

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

Research

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

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