3045 Broadway Blvd Garland, TX 75041-3733

This exceptional investment opportunity presents a 15,068-square-foot Walgreens pharmacy, situated on a 2.13-acre lot in Garland, Texas, within the Dallas-Fort Worth Metroplex. The property boasts a strong 6.00% cap rate and a substantial net operating income (NOI) of $294,840. A new 15-year absolute NNN lease commenced September 26, 2023, and expires September 30, 2038, providing exceptional long-term stability. The lease includes twelve 5-year renewal options and features a 5% rent increase every five years, ensuring consistent income growth. This single-tenant property benefits from its high-traffic location at the signalized intersection of Centerville Road and Broadway Boulevard, experiencing a combined daily traffic count of 77,400 vehicles. The property's strategic position is further enhanced by its proximity to Interstate 635 (205,000 VPD) and the Plaza Garland shopping center, anchored by several national retailers. The surrounding area demonstrates strong demographics, with over 321,000 people residing within a five-mile radius and an average household income exceeding $96,268. Built in 1998, this Walgreens location is part of a nationally recognized brand, offering a secure and lucrative investment in a tax-free state. The property's strong tenant, favorable lease terms, and prime location make it an attractive investment opportunity with significant long-term potential.