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Walgreens (Subleased to Popshelf) 4351 Thousand Oaks Dr 12,197 SF Retail Building San Antonio, TX 78217 $4,950,000 ($405.84/SF) 8% Cap Rate
Investment Highlights
- Signalized, Hard Corner Intersection | High Traffic Area | Excellent Visibility & Access | Drive-Thru Equipped
- Outparcel to Walmart Supercenter | Dense Retail Corridor
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Strong Demographics In 5-Mile Trade Area
Executive Summary
• The Walgreens is currently subleased to pOpshelf and has over 2 years of term remaining
• The asset is located at the signalized hard corner intersection of Thousand Oaks Dr and Nagodoches Rd, providing the site with excellent visibility and frontage on two major thoroughfares
• Thousand Oaks Dr and Nagodoches Rd combine to average over 59,900 vehicles passing by daily, increasing consumer exposure to the site
• The asset is located at the signalized hard corner intersection of Thousand Oaks Dr and Nagodoches Rd, providing the site with excellent visibility and frontage on two major thoroughfares
• Thousand Oaks Dr and Nagodoches Rd combine to average over 59,900 vehicles passing by daily, increasing consumer exposure to the site
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
12,197 SF
Building Class
C
Year Built
2003
Price
$4,950,000
Price Per SF
$405.84
Cap Rate
8%
NOI
$396,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.21
Lot Size
1.32 AC
Zoning
C3 - General Commercial District
Parking
54 Spaces (4.43 Spaces per 1,000 SF Leased)
Frontage
198’ on Nacogdoches Rd
Amenities
- Bus Line
- Pylon Sign
- Signage
- Signalized Intersection
- Drive Thru
Walk Score®
Very Walkable (73)
Nearby Major Retailers
Property Taxes
| Parcel Number | 15689-000-0190 | Improvements Assessment | $1,605,000 |
| Land Assessment | $1,179,100 | Total Assessment | $2,784,100 |
Property Taxes
Parcel Number
15689-000-0190
Land Assessment
$1,179,100
Improvements Assessment
$1,605,000
Total Assessment
$2,784,100
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Walgreens (Subleased to Popshelf) | 4351 Thousand Oaks Dr
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