Walgreens | 1211 US Highway 281
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Walgreens 1211 US Highway 281
14,820 SF Retail Building Marble Falls, TX 78654 $4,775,000 ($322/SF) 7.33% Cap Rate
Investment Highlights
- High Performing Location
- Absolute NNN Lease Structure | Zero Landlord Responsibilities
- Ten (10) 5-Year Options
- Located at an Excellent Main on Main Signalized Intersection w/minimal competition
- 5.75 Years Remaining on an Original 25 Year Term
- Highly Visible w/ Traffic Counts Exceeding 31,500 Vehicles Per Day on Highway 281
Executive Summary
High Performing Location
Located at an Excellent Main on Main Signalized Intersection w/minimal competition
Absolute NNN Lease Structure | Zero Landlord Responsibilities 5.75 Years Remaining on an Original 25 Year Term
Standalone Walgreens Drive Thru Out Parcel to Home Depot
Ten (10) 5-Year Options
Corporate Guarantee by Walgreens
Highly Visible w/ Traffic Counts Exceeding 31,500 Vehicles Per Day on Highway 281
Tax Free Income State
Located at an Excellent Main on Main Signalized Intersection w/minimal competition
Absolute NNN Lease Structure | Zero Landlord Responsibilities 5.75 Years Remaining on an Original 25 Year Term
Standalone Walgreens Drive Thru Out Parcel to Home Depot
Ten (10) 5-Year Options
Corporate Guarantee by Walgreens
Highly Visible w/ Traffic Counts Exceeding 31,500 Vehicles Per Day on Highway 281
Tax Free Income State
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Drug Store
Building Size
14,820 SF
Building Class
B
Year Built
2005
Price
$4,775,000
Price Per SF
$322
Cap Rate
7.33%
NOI
$350,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
2.23 AC
Zoning
C-3 General Commercial
Parking
66 Spaces (4.45 Spaces per 1,000 SF Leased)
Frontage
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 71562 | Improvements Assessment | $1,374,321 |
| Land Assessment | $1,311,363 | Total Assessment | $2,685,684 |
PROPERTY TAXES
Parcel Number
71562
Land Assessment
$1,311,363
Improvements Assessment
$1,374,321
Total Assessment
$2,685,684
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Walgreens | 1211 US Highway 281
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