1302 N Virginia St - Drug Store FOR SALE


Port Lavaca, TX 77979
$4,950,000 USD
918-794-9516
1302 N Virginia St, Port Lavaca, TX for Sale
$4,950,000 USD
Drug Store - FOR SALE
1/3
null | 7.15% Cap Rate

1302 N Virginia St
Port Lavaca, TX 77979


HIGHLIGHTS

  • Corporate Guaranty by Walgreen Co.
  • Approximately Ten Years Remaining on Long-Term Lease
  • Zero Landlord Responsibilities – Absolute NNN Investment
  • Signalized Intersection
  • Strong Demographics

OVERVIEW

Northmarq is pleased to offer the opportunity to acquire the leased fee interest in the 100%leased Walgreens Pharmacy located at 1302 N. Virginia Street in Port Lavaca, TX. The lease is 100% guaranteed by Walgreens. The ±13,650 SF property is currently open and operating under a 25-year lease, with approximately 10 years remaining on the initial term. The lease contains 50, 1-year renewal options. In Association With Chris Adams, TX Lic. #619855

FOR SALE DETAILS

PRICE

$4,950,000 USD

PRICE/SF

$363 USD /SF

CAP RATE

7.15%

% 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

2009

SPRINKLERS

-

PARKING SPACES

59

LAND DETAILS

LAND ACRES

2.02 AC

LAND SF

87,991 SF

ZONING

-

APN/PARCEL ID

78269

ASK ABOUT THIS PROPERTY

Chad ByerlyNorthmarqMore Info
918-794-9516

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Chad ByerlyNorthmarqMore Info
918-794-9516

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