510 N Alamo Rd - Freestanding FOR SALE


Alamo, TX 78516
$4,735,000 USD
469-844-8890
510 N Alamo Rd, Alamo, TX for Sale
$4,735,000 USD
Freestanding - FOR SALE
1/2
null | 6.3% Cap Rate

510 N Alamo Rd
Alamo, TX 78516


OVERVIEW

Walgreens Corporate Guarantee (NASDAQ: WBA) Absolute NNN lease - Zero Landlord Responsibilities 15 Year Primary Term and Rare 5% Rental Increases Every 5 Years Located on the Signalized Hard Corner of Alamo Rd & Durant Ave with Direct Access to 22,468 Vehicles per Day and Visible to 90,943 VPD from I-2 Strong Demographics with a Dense Population of 170,025 in a 5 Mile Radius Over 16 Million Travelers visit McAllen and Brownsville MSA’s Annually for Shopping and Dining (TexasBorderBusiness. com) Surrounding National Retailers Include HEB, Whataburger, Walmart Supercenter, Pizza hut, McDonald’s, Dutch Bros, Freedom Bank, Dollar General, Olive Garden, Chili’s, Denny’s Popeyes and Many More

FOR SALE DETAILS

PRICE

$4,735,000 USD

PRICE/SF

$330 USD /SF

CAP RATE

6.3%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Walgreens Drug Store

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2009

SPRINKLERS

-

PARKING SPACES

56

LAND DETAILS

LAND ACRES

1.38 AC

LAND SF

60,113 SF

ZONING

-

APN/PARCEL ID

W0281-00-000-0001-00

ASK ABOUT THIS PROPERTY

Adam GottschalkSTRIVEMore Info
469-844-8890

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Adam GottschalkSTRIVEMore Info
469-844-8890

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