1211 US Highway 281 - Drug Store FOR SALE


Marble Falls, TX 78654
$4,775,000 USD
248-702-0288
1211 US Highway 281, Marble Falls, TX for Sale
$4,775,000 USD
Drug Store - FOR SALE
1/7
null | 7.33% Cap Rate

1211 US Highway 281
Marble Falls, TX 78654


HIGHLIGHTS

  • 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
  • Ten (10) 5-Year Options
  • Highly Visible w/ Traffic Counts Exceeding 31,500 Vehicles Per Day on Highway 281

OVERVIEW

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

FOR SALE DETAILS

PRICE

$4,775,000 USD

PRICE/SF

$322 USD /SF

CAP RATE

7.33%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Walgreens

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

66

LAND DETAILS

LAND ACRES

2.23 AC

LAND SF

97,139 SF

ZONING

C-3 General Commercial

APN/PARCEL ID

71562

ASK ABOUT THIS PROPERTY

Deno BistolaridesEncore Real Estate Investment ServicesMore Info
248-702-0288

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Deno BistolaridesEncore Real Estate Investment ServicesMore Info
248-702-0288

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.