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Walgreens 1432 Antonio St 14,736 SF Retail Building Anthony, TX 79821 $4,200,000 ($285.02/SF) 8.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Rental Escalations – Rare 5% rent increases every five years, providing steady income growth and serving as an effective hedge against inflation
- Exclusive Pharmacy Presence – As the only national pharmacy within an 8-mi radius, this Walgreens serves approximately 26,405 residents within a 5-mi
- Income Tax-Free State – Texas offers one of the nation’s most favorable tax climates, as one of only nine states with no state income tax
- Long-Term Lease Extension – In 2019, Walgreens executed a rare 15-year lease extension with 5% rent escalations every five years
- High-Visibility Site – Located just 0.2 miles off I-10, this site benefits from exposure to over ±47,000 vehicles daily, and exceptional frontage
- El Paso MSA – Situated in the El Paso Metropolitan Statistical Area—the largest economic hub in West Texas and the state’s 6th largest city with over
EXECUTIVE SUMMARY
Broker of Record
Patrick Graham
License # 9005919 (TX)
Matthews Real Estate Investment Services, Inc
8300 Douglas Ave., Ste. 750, Dallas, TX 75225
(866) 889-0550
Patrick Graham
License # 9005919 (TX)
Matthews Real Estate Investment Services, Inc
8300 Douglas Ave., Ste. 750, Dallas, TX 75225
(866) 889-0550
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Drug Store
Building Size
14,736 SF
Building Class
B
Year Built
2008
Price
$4,200,000
Price Per SF
$285.02
Cap Rate
8.50%
NOI
$357,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Lot Size
1.85 AC
Frontage
236’ on Antonio St
AMENITIES
- Bus Line
- Pylon Sign
- Drive Thru
PROPERTY TAXES
| Parcel Number | A570-000-0010-0100 | Improvements Assessment | $2,149,840 |
| Land Assessment | $362,493 | Total Assessment | $2,512,333 |
PROPERTY TAXES
Parcel Number
A570-000-0010-0100
Land Assessment
$362,493
Improvements Assessment
$2,149,840
Total Assessment
$2,512,333
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Walgreens | 1432 Antonio St
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