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Walgreens Drug Store 510 N Alamo Rd 14,550 SF of Retail Space Available in Alamo, TX 78516
Sublease Highlights
- Below Market Lease Rates
- Street-side Pylon w/ Digital Panel
- High Visibility Storefront Location of Approx. 14,550 SF, plus Drive-Thru
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 14,550 SF | Sep 2038 | $13.00 /SF/YR $1.08 /SF/MO $189,150 /YR $15,763 /MO | Triple Net (NNN) |
1st Floor
Rent: $189,150 Yr. ($13.00/SF) NNN (RE Taxes, Insurance, Repair & Maintenance Costs and Utilities are subtenant's responsibility) Term: Thru 9/30/2038 (co-terminus with Master Walgreens Lease) Premises: Approx. 14,550 SF, plus Drive-Thru Signage: Building + Street-side Pylon w/ Digital Panel Premises Delivery: AS-IS Zoning: C - Commercial (Alamo, Texas Zoning Ordinances) Parking: Approx. 63 estimated surface spots PRICE + TERMS, ALONG WITH ALL OFFERS, ARE SUBJECT TO APPROVAL OF WALGREEN CO.’S REAL ESTATE COMMITTEE
- Sublease space available from current tenant
- Lease rate does not include utilities, property expenses or building services
- Space is in Excellent Condition
- Building + Street-side Pylon w/ Digital Panel
- Estimated 63 Surface Parking Spaces
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
Select Tenants at Walgreens Drug Store
- Tenant
- Description
- US Locations
- Reach
- Walgreens
- Drug Store
- 9,052
- International
| Tenant | Description | US Locations | Reach |
| Walgreens | Drug Store | 9,052 | International |
Property Facts
| Total Space Available | 14,550 SF | Gross Leasable Area | 14,550 SF |
| Property Type | Retail | Year Built | 2009 |
| Property Subtype | Drug Store | Parking Ratio | 4.33/1,000 SF |
| Total Space Available | 14,550 SF |
| Property Type | Retail |
| Property Subtype | Drug Store |
| Gross Leasable Area | 14,550 SF |
| Year Built | 2009 |
| Parking Ratio | 4.33/1,000 SF |
About the Property
* Former Walgreens site located in Outlying Hidalgo County, TX retail submarket * Situated on FM 907 (N. Alamo Rd.), the site has close, direct access to Interstate 2 (I-2) * Located on 4-way signalized hard corner * AADT of approx. 20,835 at N. Alamo Rd. & W Expy. 83 N. (source: Costar) * Increased Population Growth Projected From 2024-2029 (source: Costar) * Built in 2009 (source: Costar) * Rent: $189,150 Yr. ($13.00/SF) NNN (RE Taxes, Insurance, Repair & Maintenance Costs and Utilities are subtenant's responsibility) * Term: Thru 9/30/2038 (co-terminus with Master Walgreens Lease) * Premises: Approx. 14,550 SF, plus Drive-Thru * Signage: Building + Street-side Pylon w/ Digital Panel * Premises Delivery: AS-IS * Zoning: C - Commercial (Alamo, Texas Zoning Ordinances) * Parking: Approx. 63 estimated surface spots PRICE + TERMS, ALONG WITH ALL OFFERS, ARE SUBJECT TO APPROVAL OF WALGREEN CO.’S REAL ESTATE COMMITTEE
- Corner Lot
- Dedicated Turn Lane
- Freeway Visibility
- Pylon Sign
- Signage
Nearby Major Retailers
Presented by
Walgreens Drug Store | 510 N Alamo Rd
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