Walgreens Fort Worth, TX

6984 Rufe Snow Dr

Fort Worth, TX 76148

5.1% CAP Rate
Status:
Available
Price:
$5,815,740
Net Rentable (SF):
15,120
Acres:
1.55
Year Built:
1998

INVESTMENT OVERVIEW

The Porosoff Group of Compass Commercial is pleased to offer for sale a Walgreens Pharmacy located at 6984 Rufe Snow Drive in Fort Worth, Texas. The subject is a 15,120 square foot Drive-Thru Walgreens situated on the hard corner of Rufe Snow Drive and Hightower Drive. Walgreens has nine years and nine months remaining on their lease with five 5-year options remaining. Walgreens is on a double-net lease structure with minimal landlord responsibilities.

The subject property is located in a high-traffic area of North Richland Hills, a high-end suburb of Dallas and Fort Worth. With greater road capacity, more reliable travel times, and increased access, many companies are looking to expand or relocate here. According to 2020 CENSUS, there are 70,441 people residing in North Richland Hills with an above-average household income of $85,281. The city’s largest employer, Santander Consumer USA, Inc, is less than a mile south of Walgreens and employs 1,500 locals. North Richland Hills in Tarrant County’s third-largest city and more growth is anticipated to accompany economic redevelopment and revitalization along the improved Northeast Loop 820 corridor.

INVESTMENT HIGHLIGHTS

  • S&P Corp Guarantee Lease-Rated BBB
  • 11% Rent Increase in 2029
  • Signalized Hard Corner
  • Low Rent/High Sales Store
  • Average Household Income Over $85,000
  • Surrounded by 500K SF of Retail & 250 Hotel Rooms

EXCLUSIVELY LISTED BY

JOSEPH PHELPS

CRE Mixed-Use Advisor
Tel: (978) 807-3245
Joe@porosoff.com

ARTHUR D. POROSOFF

CRE Advisor Multifamily Hospitality Development
NMHC PAC Contributor
Tel: (305) 733-6066
art@porosoff.com
License: FL SL3160379

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