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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 and 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 Chicago in 1901, after pharmacist Charles R. Walgreen Sr. purchased the drugstore where a pharmacy career began. The company grew from a neighborhood drugstore into a broad retail health business offering prescription services, health and wellness products, photo services, home delivery, specialty pharmacy, and virtual healthcare. Walgreens serves customers through a wide network of community pharmacies and digital platforms, with a focus on accessible medicine, everyday essentials, and healthcare support.
| 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