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Walgreens 300 E Houston St 14,820 SF Retail Building Beeville, TX 78102 $2,922,016 ($197.17/SF) 6% Cap Rate
Investment Highlights
- Absolute NNN Lease with Zero Landlord Responsibilities
- Strong 5% Rent Increases in Each Renewal Offers a Hedge Against Inflation and an Automatic Increase in NOI
- Easily Accessible with Multiple Points of Ingress/Egress, a Convenient Drive- Thru, and Ample Parking Spaces
- Long-Term Commitment to the Site with Over 13 Years Remaining in the Original Term and Twelve (12), 5-Year Options Available
- Situated at the Signalized Intersection of US-59 and S Adams St
- Prominent Signage Opportunities Along a Major Thoroughfare Surrounded by National Retailers Including KFC, HEB, Subway, and Domino's
Executive Summary
Absolute NNN Lease with Zero Landlord Responsibilities
Long-Term Commitment to the Site with Over 13 Years Remaining in the Original Term and Twelve (12), 5-Year Options Available
Strong 5% Rent Increases in Each Renewal Offers a Hedge Against Inflation and an Automatic Increase in NOI
Situated at the Signalized Intersection of US-59 and S Adams St
Easily Accessible with Multiple Points of Ingress/Egress, a Convenient Drive- Thru, and Ample Parking Spaces
Walgreens | NASDAQ: WBA | Operates 8,700+ Locations in 50 States
Prominent Signage Opportunities Along a Major Thoroughfare Surrounded by National Retailers Including KFC, HEB, Subway, and Domino's
Long-Term Commitment to the Site with Over 13 Years Remaining in the Original Term and Twelve (12), 5-Year Options Available
Strong 5% Rent Increases in Each Renewal Offers a Hedge Against Inflation and an Automatic Increase in NOI
Situated at the Signalized Intersection of US-59 and S Adams St
Easily Accessible with Multiple Points of Ingress/Egress, a Convenient Drive- Thru, and Ample Parking Spaces
Walgreens | NASDAQ: WBA | Operates 8,700+ Locations in 50 States
Prominent Signage Opportunities Along a Major Thoroughfare Surrounded by National Retailers Including KFC, HEB, Subway, and Domino's
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Drug Store
Building Size
14,820 SF
Building Class
B
Year Built
2007
Price
$2,922,016
Price Per SF
$197.17
Cap Rate
6%
NOI
$175,321
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Lot Size
2.15 AC
Parking
75 Spaces (5.06 Spaces per 1,000 SF Leased)
Frontage
102’ on Houston St
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 is a U.S.-based retail pharmacy operator providing prescription drugs, health services, and consumer goods through neighborhood drugstores and digital platforms. The company was founded in 1901 by Charles Rudolph Walgreen in Chicago, Illinois. Over time, Walgreens expanded nationwide and became one of the largest pharmacy chains in the United States. In 2014, Walgreens became part of the newly formed holding company Walgreens Boots Alliance following the acquisition of Alliance Boots.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Retailer | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
Walk Score®
Very Walkable (74)
Nearby Major Retailers
Property Taxes
| Parcel Number | 10973 | Improvements Assessment | $1,186,660 |
| Land Assessment | $313,340 | Total Assessment | $1,500,000 |
Property Taxes
Parcel Number
10973
Land Assessment
$313,340
Improvements Assessment
$1,186,660
Total Assessment
$1,500,000
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Walgreens | 300 E Houston St
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