Walgreens - Fort Worth, TX

Income Tax–Free State & Strong Demographics: Located in the high-growth Dallas–Fort Worth Metroplex, the property benefits from a dense trade area of over 310,000 residents with an average household income of $140,770.
Long-Term Corporate Lease With Built-In Rent Growth: The lease is signed by Walgreens Co., which was recently acquired by Sycamore Partners and taken private. Walgreens executed a lease extension featuring a rare 11% rental increase during the primary term in 2029. The lease has approximately 6 years of remaining primary term, plus multiple 5-year extension options.
Net Lease Structure / Minimal Landlord Responsibilities: The property operates under a NN lease, requiring minimal landlord obligations. Recent capital improvements, including work done to the parking lot, front door, and HVAC Units enhance the asset’s appeal as a passive investment with predictable cash flow and limited management intensity.
Excellent Visibility & Traffic Exposure: Positioned on a hard corner at Rufe Snow Drive (±28,800 VPD) and HighTower Drive (±7,000 VPD), the property enjoys outstanding visibility and exposure to approximately ±35,800 vehicles per day.
Dense Retail Synergy / Limited Pharmacy Competition: The Walgreens is strategically located along Rufe Snow Drive with limited competing pharmacies in the immediate trade area. Nearby national and regional retailers include EOS Fitness, Circle K, AutoZone, O’Reilly Auto Parts, 7-Eleven, Albertsons, and numerous additional retail and restaurant concepts.
Essential & Recession Resilient Tenant: Walgreens has consistently demonstrated durability through economic cycles, including the COVID-19 pandemic, as a necessity-based, essential retailer.

Navigation Menu

Key Information

Highlights

Photos

Location

Agents

Broker of Record

Patrick Graham