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1250 S Wheeler St
Jasper, TX 75951
WALGREENS · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- CORPORATE GUARANTEE – There are ±9 years remaining on the lease which is guaranteed by Walgreens Corporate.
- EXCELLENT VISIBILITY + TRAFFIC COUNTS – This Walgreens is easily seen as it is situated on the hard corner of S Wheeler St and E Gibson St
- LONG TERM OPERATING HISTORY & EARLY EXTENSION – Walgreens has operated at this location since 2003 and had previously elected to extend the lease earl
- ABSOLUTE NNN – This lease offers zero landlord responsibilities, ideal for an investor looking for an extremely passive and secure investment.
- NEARBY NATIONAL RETAILERS – The subject property is located near Walmart, Lowes, McDonald’s, Burger King, Jack in the Box, Taco Bell, Family Dollar,
- PANDEMIC PROOF / ESSENTIAL RETAILER – Walgreens continues to prove its resilience through the Covid-19 pandemic and economic downturn.
EXECUTIVE SUMMARY
Broker of Record
Patrick Graham
License No. 9005919 (TX)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
8300 Douglas Ave.,
Ste. 750, Dallas, TX 75225
Patrick Graham
License No. 9005919 (TX)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
8300 Douglas Ave.,
Ste. 750, Dallas, TX 75225
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Drug Store
Building Size
14,462 SF
Building Class
B
Year Built
2003
Price
$3,709,411
Price Per SF
$256.49
Cap Rate
8.50%
NOI
$315,300
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Lot Size
2.03 AC
Opportunity Zone
Yes
PROPERTY TAXES
| Parcel Number | 000002234000 | Improvements Assessment | $701,067 |
| Land Assessment | $354,404 | Total Assessment | $1,055,471 |
PROPERTY TAXES
Parcel Number
000002234000
Land Assessment
$354,404
Improvements Assessment
$701,067
Total Assessment
$1,055,471
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