Log In/Sign Up
Your email has been sent.
Walgreens: San Antonio, TX 2710 Nogalitos St 14,218 SF Retail Building San Antonio, TX 78225 $4,600,000 ($323.53/SF) 6% Cap Rate
Investment Highlights
- Brand New 15-Year Lease | Corporate Guaranteed
- Strong Operator | 139+ Billion Revenue In 2023
- Strong Demographics In 5-Mile Trade Area
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- 2nd Largest City In Texas | 1.4+ Million Residents
Executive Summary
SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, corporate guaranteed (NASDAQ: WBA), Walgreens investment property located in San Antonio, Texas. The tenant, Walgreen Co., recently signed a brand new 15 year lease with 12 (5-year) options to extend, demonstrating their commitment to the site. The lease features 5% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. Founded in 1901, and representing one of the largest pharmacies in America with over 9,000 retail locations, Walgreens is a pharmaceutical and health destination serving nearly 10 million customers each day. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
14,218 SF
Building Class
B
Year Built/Renovated
1993/2010
Price
$4,600,000
Price Per SF
$323.53
Cap Rate
6%
NOI
$275,968
Tenancy
Single
Building Height
1 Story
Building FAR
0.22
Lot Size
1.49 AC
Zoning
C-3R - Commercial
Parking
63 Spaces (4.43 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Corner Lot
- Pylon Sign
- Signage
- Signalized Intersection
- Drive Thru
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Retailer
-
99,999 SF
- -
-
Lorem Ipsum
-
Jan 0000
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 | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 03460-017-1230 | Improvements Assessment | $1,583,230 |
| Land Assessment | $651,870 | Total Assessment | $2,235,100 |
Property Taxes
Parcel Number
03460-017-1230
Land Assessment
$651,870
Improvements Assessment
$1,583,230
Total Assessment
$2,235,100
Contacts
-
Brian Pfohl -
Thomas Carr -
Christopher Bosworth -
Leah Lindell -
Abby Kelly -
Katie Goldberg -
Ty Grenier -
Chris Cozby -
CBRE
1 of 9
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
