SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building) in an absolute NNN leased, corporate guaranteed, drive-thru equipped, Walgreens investment property located in Mesquite, TX (Dallas MSA). The tenant has approximately 9 years remaining in their initial term with 10 (5-year) option periods to extend. The lease is corporate guaranteed and is absolute NNN with zero landlord responsibilities. Additionally, this location has exceptional store sales, well above the national average. Contact agent for details.

Offering Memorandum

Walgreens is located at the signalized, hard corner intersection of E. Cartwright Road and Pioneer Road with a combined 31,300 vehicles passing by daily. The site is also just 2 miles off of Interstate 635 (131,800 VPD), with convenient on/off ramp access. In addition, the asset is directly across from a Tom Thumb grocery anchored center, which helps promote crossover shopping to the subject property. Other nearby national/credit tenants include Albertsons, Planet Fitness, O’Reilly Auto Parts, McDonalds, Wingstop, and more, further increasing consumer traffic to the surrounding area. The 5-mile trade area is supported by a population of over 198,000 residents with an average household income of $64,000.

Mesquite, TX - Walgreens

Shaun Parnell joined SRS in 2022 with more than 15 years of experience focused on marketing technology. He focuses on improving user experience, efficiency, and effectiveness of our website, property search platform, and marketing software tools.Shaun initially began his career in digital media and analytics, but found greater passion developing holistic solutions that leverage data and technology more broadly to drive growth and support service delivery. He has advanced technical expertise across a variety of advertising, marketing, and cloud service applications that helps translate objectives into actionable plans with tangible results. A puzzler at heart, Shaun is always curious about finding new ways to solve problems.

Shaun Parnell

Shaun focuses on improving user experience, efficiency, and effectiveness of our website, property search platform, and marketing software tools.

Investment Offering

Mesquite, TX - Walgreens

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Location

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Contact

Matthew Mousavi

Patrick Luther, CCIM