7151 Blvd 26 North Richland Hills, TX 76180-8607
- Drug stores
- 14,080 SF
- 1.86 lot acres
Current Use by Public Records
- Drug stores
Property Details for 7151 Blvd 26
- Year built
- 1997
- Lot size
- 1.86 lot acres
- Property size
- 14,080 SF
- Property type
- Drug stores
- APN
- 30170-4-8
- APU
- 3017048
Description
This exceptional investment opportunity presents a fee-simple, single-tenant Walgreens located in North Richland Hills, Texas, within the Dallas-Fort Worth MSA. The property features a 14,080 square foot building on a 2.15-acre lot, offering significant redevelopment potential. The Walgreens lease, a double net (NN) agreement, has a remaining term of 2.5 years, expiring May 30, 2027, with eight 5-year lease options. The property boasts a 9.25% cap rate and a strong net operating income (NOI) of $281,576 annually. Built in 1999, this Class A retail property enjoys 100% occupancy since its commencement date of May 14, 2002. The site includes 68 parking spaces and benefits from a high-traffic location at a three-way intersection with over 31,000 vehicles passing daily. Surrounding national retailers include Kroger, CVS, Dollar General, and more. The property's strategic location within 13 miles of DFW International Airport and a dense population area with high average household incomes makes this a compelling investment. The 2.15-acre parcel provides flexibility for future development. This is a passive income opportunity with limited landlord responsibilities. The property is situated at 7151 Blvd 26, North Richland Hills, TX 76180.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- North Richland Hills
- County
- Tarrant
- State
- Texas
- Longitude
- -97.2284
- Latitude
- 32.8244
- CBSA code
- 19100
- CBSA name
- DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA
