Walgreens

• Absolute NNN Lease — True passive investment with zero landlord responsibilities for maintenance, repairs, or capital expenditures.
• Corporate Guarantee — Lease backed by the tenant’s parent company, providing enhanced credit security and reduced default risk.
• Below Market Rent — Rent is set at $330,637 annually (~$24.22/SF), representing an attractive below-market rental rate that provides strong downside protection and long-term intrinsic real estate value.
• Long-Term Lease Commitment — Features approximately 12 years of primary term remaining (expiring September 2038).
• Option Periods — Includes ten (10) 5-year renewal options, giving the tenant extended operational flexibility and long-term site commitment.
• High-Traffic Corridor — Positioned along FM 2181 (21,600+ VPD) with immediate proximity to I-35E, carrying over 89,900 VPD.
• Signalized Hard Corner Location — Highly visible position at a major signalized intersection with strong traffic counts and excellent accessibility.
• Strong Real Estate Fundamentals — Equipped with a dedicated pharmacy drive-thru, a ±13,650 SF building, and a spacious ±1.92-acre parcel.
• Average Household Income — Situated in a premier Austin submarket featuring exceptional average household incomes of $131,918 (1-Mile), $142,740 (3-Mile), and $148,725 (5-Mile)—greatly exceeding state and national benchmarks.
• Fee-Simple Ownership — Land and building ownership structure provides full asset control and valuable tax depreciation benefits.
• Established Retail Corridor — Surrounded by major national retailers including Chick-Fil-A, Walmart, Aldi, Starbucks, driving strong, repeatable daily customer traffic.
• Proven Operating History — Walgreens has successfully operated at this location since 2003, underscoring the site’s ongoing stability and loyal customer base.
• Booming DFW Metroplex Location — Located in Corinth, TX within the high-growth Dallas-Fort Worth MSA, benefiting from strong demographic growth and Texas’s income-tax-free status.