300 E Houston St - Drug Store FOR SALE


Beeville, TX 78102
$2,922,016 USD
248-702-0288
300 E Houston St, Beeville, TX for Sale
$2,922,016 USD
Drug Store - FOR SALE
1/5
null | 6% Cap Rate

300 E Houston St
Beeville, TX 78102


HIGHLIGHTS

  • Absolute NNN Lease with Zero Landlord Responsibilities
  • Long-Term Commitment to the Site with Over 13 Years Remaining in the Original Term and Twelve (12), 5-Year Options Available
  • Strong 5% Rent Increases in Each Renewal Offers a Hedge Against Inflation and an Automatic Increase in NOI
  • Situated at the Signalized Intersection of US-59 and S Adams St
  • Easily Accessible with Multiple Points of Ingress/Egress, a Convenient Drive- Thru, and Ample Parking Spaces
  • Prominent Signage Opportunities Along a Major Thoroughfare Surrounded by National Retailers Including KFC, HEB, Subway, and Domino's

OVERVIEW

Absolute NNN Lease with Zero Landlord Responsibilities Long-Term Commitment to the Site with Over 13 Years Remaining in the Original Term and Twelve (12), 5-Year Options Available Strong 5% Rent Increases in Each Renewal Offers a Hedge Against Inflation and an Automatic Increase in NOI Situated at the Signalized Intersection of US-59 and S Adams St Easily Accessible with Multiple Points of Ingress/Egress, a Convenient Drive- Thru, and Ample Parking Spaces Walgreens | NASDAQ: WBA | Operates 8,700+ Locations in 50 States Prominent Signage Opportunities Along a Major Thoroughfare Surrounded by National Retailers Including KFC, HEB, Subway, and Domino's

FOR SALE DETAILS

PRICE

$2,922,016 USD

PRICE/SF

$197 USD /SF

CAP RATE

6%

% 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

2007

SPRINKLERS

-

PARKING SPACES

75

LAND DETAILS

LAND ACRES

2.15 AC

LAND SF

93,654 SF

ZONING

-

APN/PARCEL ID

10973

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.