INVESTMENT HIGHLIGHTS

• DALLAS – FORT WORTH METROPLEX – As the largest metropolitan area in the South and the fourth largest in the U.S., the Dallas-Fort Worth Metroplex is the economic and cultural hub of Texas. DFW led the nation in commercial real estate transactions in 2022 with more than $42.5 billion in sales. The major metro also added 170,000 residents in 2022, more than any other metro in the country, and has seen over 20% population growth since 2010.
• STRONG PLACER .AI RANKING – This location ranks in the 96th percentile for the number of visits in the state of Texas and is the #1 visited store in a 15-mile radius (out of 34 stores), further increasing the potential for sales and profitability.
• RECENT LEASE EXTENSION – In 2021, the tenant negotiated a brand new 10-year lease extension and added 5% rental escalations every 5 years demonstrating the tenant’s commitment to the site.
• RENTAL ESCALATIONS – Walgreens benefits from rare rental escalations of 5% every 5 years, providing a built-in hedge against inflation and increasing long- term investment returns.
• INCOME TAX-FREE STATE – Texas is one of only nine states Nationwide that do not levy a state income tax.
• HIGH VISIBILITY LOCATION – The property is situated on a prominent corner lot, ensuring excellent exposure and visibility to a high volume of traffic. The intersection the site is located on generates over 33,000 vehicles per day.
• NEW MIXED-USE DEVELOPMENT – Located less than 3 miles from the site, Dallas-based Hoque Global has broken ground on a brand new 270-acre development that will contain hundreds of single-family homes, 1,500 multifamily units, 1.5 million of square feet of commercial space, and more than 50 acres of green space. The Dallas City Council has already approved up to $31.4M in tax increment financing for the first phase as community leaders are pushing to spur further growth in Southern Dallas.
• METHODIST CHARLETON MEDICAL CENTER – Methodist Charleton, a 314-bed facility, is a full-service teaching hospital that serves all communities in Southwest Dallas and is located less than 2.5 miles away likely increasing sales and profitability potential.
• CRITICAL DRIVE-THRU LANE – Drive-thru lanes proved to be critical for retailers through the pandemic, and as total sales volume for restaurants, pharmacy, and bank properties last year hit a record $12 Billion, the interest in drive-through real estate has exploded.