2710 Nogalitos St - Drug Store FOR SALE


San Antonio, TX 78225
$4,600,000 USD
480-221-4221
2710 Nogalitos St, San Antonio, TX for Sale
$4,600,000 USD
Drug Store - FOR SALE
1/8
null | 6% Cap Rate

2710 Nogalitos St
San Antonio, TX 78225


HIGHLIGHTS

  • Brand New 15-Year Lease | Corporate Guaranteed |
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Strong Operator | 139+ Billion Revenue In 2023
  • 2nd Largest City In Texas | 1.4+ Million Residents
  • Strong Demographics In 5-Mile Trade Area

OVERVIEW

SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, corporate guaranteed (NASDAQ: WBA), Walgreens investment property located in San Antonio, Texas. The tenant, Walgreen Co., recently signed a brand new 15 year lease with 12 (5-year) options to extend, demonstrating their commitment to the site. The lease features 5% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. Founded in 1901, and representing one of the largest pharmacies in America with over 9,000 retail locations, Walgreens is a pharmaceutical and health destination serving nearly 10 million customers each day. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor.

FOR SALE DETAILS

PRICE

$4,600,000 USD

PRICE/SF

$324 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Walgreens | New 15yr Corp Abs NNN w/ Incrs

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1993

SPRINKLERS

-

PARKING SPACES

63

LAND DETAILS

CROSS STREETS

W Theo

LAND ACRES

1.49 AC

LAND SF

64,992 SF

ZONING

C-3R

APN/PARCEL ID

03460-017-1230

ASK ABOUT THIS PROPERTY

Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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