6551 Forest Hill Dr
Fort Worth, TX 76140
Walgreens Ft Worth TX · Retail Property For Sale

Pharma Property Group has been exclusively retained by ownership to present for sale the opportunity to acquire fee interest in a Walgreens property in Fort Worth, TX. This asset is available for purchase and operates on a double net lease basis with 5 years remaining, with eight (5 year) options to follow. Landlord is responsible for roof and structure. Within the last 2 years Walgreens has remodeled the interior of the store showing commitment to the location. Walgreens renewed its first (5 year) option early in 2016 and added another (5 year) option onto the end of the initial term, which now ends April 30, 2063. This is a rare opportunity for an investor to acquire a property leased to a credit tenant for under $4M in a top 5 MSA market such as Dallas/Fort Worth. The rents are a modest $16.35 per square foot. The Subject property is located at the signalized northeast corner of Forest Hill Drive and Forest Hill Circle with combined traffic counts of 23,190 vehicles per day. Also, the subject property is directly located at the freeway entry to Interstate 20 with over 175,000 vehicles per day. Fort Worth is the 16th largest city in the United States and is located in the 5th largest Metropolitan Statistical Area in the state of Texas with over 7 million residents.