1060 Cp Wisdom Rd Dallas, TX 75232-3536

This exceptional investment opportunity presents a 15,120 square foot Walgreens located at 1060 W Camp Wisdom Rd, Dallas, TX 75232. The property boasts a strong 8.35% cap rate and a substantial net operating income (NOI) of $273,000. Secured by a corporate guarantee, the Walgreens lease features a remaining term of 6.5 years (expiring 04/30/2031), commencing May 1, 2021, with a 10-year initial term. The lease includes attractive 5% rent bumps every 5 years, providing built-in inflation protection. One 5-year lease option is also available. This single-tenant property is situated on a high-visibility corner lot in a high-traffic area, exceeding 33,000 vehicles daily. The location benefits from its proximity to a new 270-acre mixed-use development and Methodist Charlton Medical Center, a 314-bed facility, potentially boosting sales. The property's strategic location within the Dallas-Fort Worth Metroplex, a thriving economic hub, further enhances its investment appeal. The site ranks in the 96th percentile for store visits in Texas and is the top-performing Walgreens within a 15-mile radius. The property's drive-thru lane adds significant value in today's market. The asking price is $3,269,461. This is a rare opportunity to acquire a high-performing, national-tenant property in a rapidly growing market within a tax-free state.