3018 7th St - Drug Store FOR SALE


Bay City, TX 77414
$3,805,385 USD
510-388-4438
3018 7th St, Bay City, TX for Sale
$3,805,385 USD
Drug Store - FOR SALE
1/1
null | 6.5% Cap Rate

3018 7th St
Bay City, TX 77414


HIGHLIGHTS

  • 13 Year Absolute NNN Lease with Scheduled 5% Rental Increases
  • Zero Landlord Obligations
  • 100% Fee Simple Interest
  • Major Retail Trade Area
  • Hard Corner Location
  • Heavily Trafficked Location

OVERVIEW

This is the opportunity to purchase a long term Absolute NNN Leased Walgreens. The lease calls for zero landlord obligations and is corporately guaranteed. The property benefits from scheduled rental increases every 5 years consistent with the following rental schedule: a rental increase in year 6, a rental increase in year 11 and a rental increase at each option period. This site has excellent access and visibility on a hard corner at a signalized intersection. Walgreens benefits from its position in dense residential area of 7th Street. The surrounding retailers include H-E-B, Starbucks, Family Dollar, and more

FOR SALE DETAILS

PRICE

$3,805,385 USD

PRICE/SF

$262 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Walgreens Absolute NNN Lease

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.66 AC

LAND SF

72,310 SF

ZONING

-

APN/PARCEL ID

43692

ASK ABOUT THIS PROPERTY

Jeff BraccoThe Kase GroupMore Info
510-388-4438

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Jeff BraccoThe Kase GroupMore Info
510-388-4438

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