- Absolute NNN Lease - No Landlord responsibilities - Strong Corporate guarantee: Walgreens Co. (Nasdaq: WBA) - Recent Lease Extension providing approximately 11 years of remaining initial lease term - Long tenant operating history (22+ years) - Low rent ($17.34/SF) compared to tenant’s annual lease national average of $20.25/SF - Site sits at signalized intersection that sees over 28,000 VPD - State Income Tax Free State *New Development* Less than a mile South of the property down Mineral Wells Pkwy, “Paris Crossing”, a 160,000 SF retail power center with committed retailers Aldi, Hobby Lobby, TJ Maxx, PetSmart, Ulta, Five Below, Burlington, and more, has been approved for TIF programs from the 3 government bodies to begin development with an end date expected late 2026. The 2nd phase of this development includes a 150 unit apartment complex just north of the retail center and is expected to be completed by 2029. Additionally, the planners also approved a new Starbucks development on Mineral Wells Pkwy just south of Tidal Wave Auto Spa next to Walmart facing Walgreens.