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Dark Walgreens | 13+yrs Remain | Paying Rent 510 N Alamo Rd 14,587 SF Retail Building Alamo, TX 78516 $2,775,000 ($190.24/SF) 10.75% Cap Rate
INVESTMENT HIGHLIGHTS
- Dark & Paying Rent | Over 13 Years Remaining | Corporate Signed | Scheduled Rental Increases
- Interstate 2 (649,000 SF) | Alamo Corners Center (67,000 SF) |HEB Shopping Center (234,000 SF) | Primary Retail Corridor
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Strong Demographics in 5-Mile Trade Area
EXECUTIVE SUMMARY
• Lease is corporate signed by Walgreen Co.
• Features 5% rental increases every 5 years throughout initial term, growing NOI and hedging against inflation
PROPERTY FACTS
AMENITIES
- Corner Lot
- Dedicated Turn Lane
- Freeway Visibility
- Pylon Sign
- Signage
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, founded by Charles Rudolph Walgreen in 1901 in Chicago, is a major U.S. pharmacy and retail chain operating under the publicly traded parent, Walgreens Boots Alliance (NASDAQ: WBA). Headquartered in Deerfield, Illinois, it provides prescription services, health and wellness products, photo services, and expanded healthcare offerings including immunizations and diagnostic screenings. As of late 2025, the company operated thousands of retail locations across the United States and Puerto Rico, serving roughly 78% of Americans within five miles of a store. Walgreens maintains omnichannel operations—blending in-store, online, drive-thru, and home delivery services—and has strategic healthcare partnerships, notably with VillageMD. Under the direction of new CEO Mike Motz, following the August 2025 purchase by Sycamore Partners, Walgreens continues to emphasize core pharmacy execution, digital innovation, and integrated care solutions.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
|
|
Retailer | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | W0281-00-000-0001-00 | Improvements Assessment | $1,052,886 |
| Land Assessment | $362,166 | Total Assessment | $1,415,052 |
PROPERTY TAXES
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Dark Walgreens | 13+yrs Remain | Paying Rent | 510 N Alamo Rd
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