500 Centennial Blvd - Drug Store FOR SALE


Richardson, TX 75081
$4,769,215 USD
415-625-2114
500 Centennial Blvd, Richardson, TX for Sale
$4,769,215 USD
Drug Store - FOR SALE
1/4
null | 6.5% Cap Rate

500 Centennial Blvd
Richardson, TX 75081


HIGHLIGHTS

  • Long-Term Absolute NNN Lease - No landlord maintenance or expense responsibilities with approximately 9-years remaining
  • Steady Sales Volumes & Well-Established Location - Walgreens has operated at the location for approximately 16-years.
  • Excellent Traffic Counts & Strategic Location - 4-way signalized intersection: Centennial & Spring Valley Road with 31,300 VPD along Centennial
  • Dense In-Fill Location - 398,938 population in 5-mile radius, surrounded by general commercial, retail, and residential neighborhoods

OVERVIEW

* Long-Term Absolute NNN Lease - No landlord maintenance or expense responsibilities with approximately 9-years remaining * Steady Sales Volumes & Well-Established Location - Walgreens has operated at the location for approximately 16-years. Store Sales available upon request. * Excellent Traffic Counts & Strategic Location - 4-way signalized intersection: Centennial & Spring Valley Road with 31,300 VPD along Centennial * Dense In-Fill Location - 398,938 population in 5-mile radius, surrounded by general commercial, retail, and residential neighborhoods * Strong Avg. HHI of $103,669 within a 5-Mile Radius of the subject property * High Growth Market - Population has increased by 10% since 2010 * Dallas-Fort Worth MSA - close proximity to Downtown Dallas (8,000,000+ Residents in the MSA) * Synergistic Retail Location - National retailer in the immediate trade area include Kroger, McDonald’s, Bank of America, Sonic and many more * 1.1 Miles from US Route 75 (281k VPD), 2.0 Miles from I-635 (233,670 VPD), 1.8 Miles from Richland College (1) Rentable Area, Lot Size, Guarantor, Lease Terms, Building Specifications, Year Built, and Demographics are estimates. Buyer is responsible for verifying during the Due Diligence process.

FOR SALE DETAILS

PRICE

$4,769,215 USD

PRICE/SF

$322 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Walgreens (Dallas-Ft. Worth MSA

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2007

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.03 AC

LAND SF

88,427 SF

ZONING

O/C

APN/PARCEL ID

420175000A10A0000

ASK ABOUT THIS PROPERTY

John GlassThe Glass Group | Marcus & MillichapMore Info
415-625-2114

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John GlassThe Glass Group | Marcus & MillichapMore Info
415-625-2114

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.