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Walgreens (Rent Increases Every 5-Years) 701 S Buddy Hayes Blvd 9,956 SF Retail Building Anna, TX 75409 $6,148,000 ($617.52/SF) 5.40% Cap Rate
Investment Highlights
- Triple-Net Lease With 12.9 Years Remaining | 2023 Build With Modern Lease Structure Incorporating Rent Increases
- Signalized Corner Location Near U.S. Highway 75 (78,811 VPD) With Direct Corridor Access
- Affluent Trade Area With $147,837 Average Household Income
- 2,500%+ Population Growth Since 2000 | One of the Fastest-Growing Cities in North Texas
- Positioned Within Walmart-Anchored Retail Corridor With National Co-Tenancy
- 116,814 Residents Within 10 Miles With +19.42% Projected Growth
Executive Summary
Offered for sale is a triple-net leased Walgreens located in Anna, Texas. The property was constructed in 2023 and features a modern lease structure with scheduled rent escalations. It is positioned at the signalized intersection of W White Street and Buddy Hayes Boulevard, just off U.S. Highway 75, within a Walmart-anchored retail corridor with national co-tenancy. The surrounding trade area includes 116,814 residents within a 10-mile radius and is projected to grow by 19%. The area is supported by strong household incomes and ongoing residential development.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
9,956 SF
Building Class
C
Year Built
2023
Price
$6,148,000
Price Per SF
$617.52
Cap Rate
5.40%
NOI
$331,941
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Lot Size
1.25 AC
Zoning
C - Commercial
Fairly walkable
50/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | R-9380-00A-0040-1 | Improvements Assessment | $3,458,852 |
| Land Assessment | $1,392,395 | Total Assessment | $4,851,247 |
Property Taxes
Parcel Number
R-9380-00A-0040-1
Land Assessment
$1,392,395
Improvements Assessment
$3,458,852
Total Assessment
$4,851,247
Contacts
-
Vincent Knipp -
Luke Sullivan -
Ryan Wolf -
Knipp Wolf Net Lease Group | Marcus & Millichap
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Walgreens (Rent Increases Every 5-Years) | 701 S Buddy Hayes Blvd
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