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Walgreens 10600 Montana Ave 14,820 SF Retail Building El Paso, TX 79935 $5,503,000 ($371.32/SF) 7.25% Cap Rate
INVESTMENT HIGHLIGHTS
- Long-Term Corporate Absolute NNN Lease with Additional Cell Tower and Billboard Income
- Investment Grade Corporate Guarantee
- High Quality Construction with Drive-Thru on Oversized 2.02 Acre Hard Corner Signalized Pad
EXECUTIVE SUMMARY
Long-Term Corporate Absolute NNN Lease with Additional Cell Tower and Billboard Income – Allows an investor the opportunity to acquire a long-term NNN asset on a truly passive income structure while the additional rental income provides further upside
High Quality Construction with Drive-Thru on Oversized 2.02 Acre Hard Corner Signalized Pad – Features excellent ingress/egress with a large surface lot providing ample customer parking accommodations
Investment Grade Corporate Guarantee - Walgreens (NASDAQ: WBA)
Strong Performing Store – Store sales above national average, contact
agent for more information
Investment Grade Corporate Guarantee from Premier Global Brand - Walgreens (NASDAQ: WBA) has an Investment Grade credit rating of BBB- (S&P) and is ranked #27 on the Fortune 500 list and reported FY 2023 revenue of $139.1 billion.
Less than 1-Miles from El Paso International Airport boasting 3.9 Million Annual Passengers and 81,505 Flights Annually
High Quality Construction with Drive-Thru on Oversized 2.02 Acre Hard Corner Signalized Pad – Features excellent ingress/egress with a large surface lot providing ample customer parking accommodations
Investment Grade Corporate Guarantee - Walgreens (NASDAQ: WBA)
Strong Performing Store – Store sales above national average, contact
agent for more information
Investment Grade Corporate Guarantee from Premier Global Brand - Walgreens (NASDAQ: WBA) has an Investment Grade credit rating of BBB- (S&P) and is ranked #27 on the Fortune 500 list and reported FY 2023 revenue of $139.1 billion.
Less than 1-Miles from El Paso International Airport boasting 3.9 Million Annual Passengers and 81,505 Flights Annually
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
14,820 SF
Building Class
B
Year Built
2008
Price
$5,503,000
Price Per SF
$371.32
Cap Rate
7.25%
NOI
$399,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.24
Lot Size
1.41 AC
Zoning
C1
AMENITIES
- Bus Line
- Pylon Sign
- Signalized Intersection
- Drive Thru
PROPERTY TAXES
| Parcel Number | X580-999-2380-5500 | Improvements Assessment | $2,253,439 |
| Land Assessment | $796,561 | Total Assessment | $3,050,000 |
PROPERTY TAXES
Parcel Number
X580-999-2380-5500
Land Assessment
$796,561
Improvements Assessment
$2,253,439
Total Assessment
$3,050,000
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Walgreens | 10600 Montana Ave
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