Walgreens for Sale in Grand Prairie, TX
Grand Prairie, TX
Key Investment Metrics
Price
$3,550,000
Cap Rate
6.6%
Net Operating Income
$235,689
Building Size
13905 SF
Land Area
1.86 Acres
Remaining Term
5.2 years
Lease Expiration
09/30/2031
Lease Term
30 years
Lease Commencement
09/30/2001
Lease Type
NN
Year Built
1996
Occupancy
100%
Tenancy
Single
Rent Increases
No
Property overview
Walgreens in Grand Prairie
Review the reported property and lease details, then request the supporting documents for your acquisition review.
- Building area
- 13,905 SF
- Land area
- 1.86 acres
- Year built
- 1996
- Lease type
- NN
- Lease expiration
- 09/30/2031
Confirm current availability, pricing and lease terms through the inquiry form before relying on this listing.
Before you make an offer
Four things to verify
- 1
Lease and guaranty
Request the executed lease and amendments. Identify the legal tenant, guarantor and landlord obligations.
- 2
Income and expenses
Obtain the rent roll and operating statement supporting the advertised NOI and cap rate.
- 3
Property condition
Review survey, title, condition and environmental information relevant to this property.
- 4
Exchange requirements
For a 1031 exchange, confirm eligibility and deadlines with your qualified intermediary and tax adviser.