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Walgreens 1201 Ferris Ave 15,153 SF Retail Building Waxahachie, TX 75165 $5,659,803 ($373.51/SF) 6.25% Cap Rate
Investment Highlights
- Absolute NNN / 9+ Yrs. Remaining
- Suburb of Dallas/FW
- 5% rental increases every 5 years
Executive Summary
R. Peter Giadla of Seneca Real Estate Group, LLC in co-operation with Northmarq Commercial, is pleased to present to qualified investors the opportunity to acquire single-tenant Walgreens property located at 1201 Ferris Avenue in Waxahachie, Texas. The Property consists of a 15,153-square-foot building situated on 1.47 acres, constructed in 2001. Walgreens is operating under an absolute NNN lease with zero landlord responsibilities, providing investors with a completely passive and stable income stream. The lease commenced 11/9/2020, extends through 11/30/2035, with 12 / 5 yr. renewal options through 2095, at 5% rental increases every 5 years. For further information, please see the OM or contact the LA.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
15,153 SF
Building Class
B
Year Built
2001
Price
$5,659,803
Price Per SF
$373.51
Cap Rate
6.25%
NOI
$353,738
Tenancy
Single
Building Height
1 Story
Building FAR
0.24
Lot Size
1.47 AC
Zoning
F1 - Commercial
Parking
50 Spaces (3.3 Spaces per 1,000 SF Leased)
Frontage
421’ on Ferris Ave
Amenities
- Pylon Sign
- Drive Thru
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Retailer
- 15,153 SF
- -
- Triple Net
- Nov 2035
Walgreens began in 1901 on Chicago's South Side, when pharmacist Charles R. Walgreen Sr. opened a neighborhood drugstore that grew into a national chain. Walgreens later combined with Alliance Boots to form Walgreens Boots Alliance, bringing together retail pharmacy, pharmaceutical wholesaling, and healthcare services under one business. Walgreens Boots Alliance operates an integrated healthcare, pharmacy, and retail model spanning U.S. and international operations, with businesses centered on prescription filling, consumer health products, beauty items, and related services.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Retailer | 15,153 SF | - | Triple Net | Nov 2035 |
Fairly walkable
50/100
Very drivable
80/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 176943 | Improvements Assessment | $3,670,969 |
| Land Assessment | $853,281 | Total Assessment | $4,524,250 |
Property Taxes
Parcel Number
176943
Land Assessment
$853,281
Improvements Assessment
$3,670,969
Total Assessment
$4,524,250
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Walgreens | 1201 Ferris Ave