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    1116 W Lamar Blvd Arlington, TX 76012

    For Sale
    $6,144,000

    Retail property occupied by Walgreens since 2002 with options.

    Property size:
    14,513 SF
    Lot size:
    1.50 Acres

    Property Features for 1116 W Lamar Blvd

    General Information

    Size
    14,513 SF
    Lot size
    1.50 Acres

    Source: SRS Industrial - Newport Beach Agent Patrick R. Luther, CCIM

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Retail Property with Long-Term Tenant

    This retail property has been occupied by a tenant since 2002. The lease is signed by Walgreen Co. Walgreens operates nearly 9,000 retail locations across America, Puerto Rico, and the U.S. Virgin Islands, serving nearly 10 million customers daily. The tenant has 10 (5-year) options remaining on the lease. The property contains 14,513 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Walgreens Pharmacy Pharmacy Redbox Movie Rental Kiosk Arlington Car Keys ... Laser Cutting Service Western Union Money Transfer Service FedEx OnSite Mailing Service

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Walgreens Pharmacy, Son T. Nguyen, PharmD, Elsie L. Ofoh, Pharm, Huu D. Nguyen, PharmD, Nhien Tran

    Location Insight

    • Map
    • Local Demand
    City
    Arlington
    County
    Tarrant
    State
    Texas
    Longitude
    -97.1224023
    Latitude
    32.7641733

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    FAQs

    What type of property is this?
    Drug store - Retail property occupied by Walgreens since 2002 with options.
    Where is this drug store located?
    The property is located at 1116 W Lamar Blvd Arlington, TX.
    What is the asking price?
    The asking price for this property is $6,144,000.
    What are key features of this property?
    This property features: - Long-term tenant with 10 (5-year) options remaining on the lease.; - Lease is signed by Walgreen Co.; - Tenant has occupied the site since 2002.
    (949) 698-1100
    Request Owner's contact information
    1116 W Lamar Blvd Arlington, TX 76012
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    Arlington, TX 76012
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1116 W Lamar Blvd Arlington, TX 76012
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