Walgreens | 26482 N US Highway 281
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Walgreens 26482 N US Highway 281
13,650 SF Retail Building San Antonio, TX 78261 $7,307,362 ($535/SF) 6.50% Cap Rate
Investment Highlights
- Long Term Triple Net Lease with Over 13 years remaining lease term.
- Absolute Net Leases.
- Strong Reported Sales.
Executive Summary
Marcus & Millichap is pleased to present this single tenant, Absolute Net leased drug store in the city of San Antonio, Bexar County, Texas. The tenant is Walgreens Boots
Alliance (NASDAQ: WBA), the second largest pharmacy store chain in the United States, with over 9,000 stores located in all 50 states including Puerto Rico, the US
Virgin Islands, and the District of Columbia.
The subject property, Walgreens Pharmacy #13940, was built-to-suit in 2012 with rent commencement occurring June 11, 2012. The property is Absolute Net leased to
Walgreen Boots Alliance for 25 years with 50, one-year options to renew. The building is approximately 13,650 square feet with a land area of 1.58 acres.
The price of the property is $7,307,692 at a 6.50% cap with an annual rent of $475,000.
Alliance (NASDAQ: WBA), the second largest pharmacy store chain in the United States, with over 9,000 stores located in all 50 states including Puerto Rico, the US
Virgin Islands, and the District of Columbia.
The subject property, Walgreens Pharmacy #13940, was built-to-suit in 2012 with rent commencement occurring June 11, 2012. The property is Absolute Net leased to
Walgreen Boots Alliance for 25 years with 50, one-year options to renew. The building is approximately 13,650 square feet with a land area of 1.58 acres.
The price of the property is $7,307,692 at a 6.50% cap with an annual rent of $475,000.
Data Room Click Here to Access
Property Facts Under Contract
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
13,650 SF
Building Class
B
Year Built
2012
Price
$7,307,362
Price Per SF
$535
Cap Rate
6.50%
NOI
$474,979
Tenancy
Single
Building Height
1 Story
Loading Docks
9 Exterior
Building FAR
0.20
Land Acres
1.58 AC
Zoning
C-1 - Commercial
Parking
65 Spaces (4.76 Spaces per 1,000 SF Leased)
Frontage
203 FT on N US Highway 281
Amenities
- 24 Hour Access
- Pylon Sign
- Signage
- Drive Thru
- Wheelchair Accessible
PROPERTY TAXES
| Parcel Number | 04865-902-0010 | Improvements Assessment | $1,773,440 |
| Land Assessment | $1,536,270 | Total Assessment | $3,309,710 |
PROPERTY TAXES
Parcel Number
04865-902-0010
Land Assessment
$1,536,270
Improvements Assessment
$1,773,440
Total Assessment
$3,309,710
-
Otto Wenzler -
Peter Wenzler -
Timothy Speck -
Marcus & Millichap
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Walgreens | 26482 N US Highway 281
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