1103 Round Grv Rd Lewisville, TX 75067-7900

This exceptional investment opportunity presents a 14,560 square foot Walgreens located at 1103 W Round Grove Rd, Lewisville, TX 75067. The property sits on a 1.89-acre lot and boasts a recently extended absolute NNN lease with Walgreens Boots Alliance, guaranteeing a stable income stream through May 31, 2034, with ten 5-year renewal options. The lease, commenced December 4, 2004, features a corporate guarantee and no rent reduction. The property enjoys a 6.25% cap rate and a strong NOI of $317,000, with an asking price of $5,072,000 ($348.35/sq ft). Benefiting from high visibility at a signalized intersection with combined daily traffic counts exceeding 86,000 vehicles, the location is further enhanced by its proximity to two schools (nearly 5,000 students and 340+ faculty) and a senior living facility, serving a dense population of 114,938 within a 3-mile radius. The property's strategic location near the Dallas Fort Worth International Airport adds to its appeal. This is a truly passive investment opportunity with zero landlord responsibilities, as the tenant is responsible for all taxes, insurance, and maintenance. The building was constructed in 2004.