Walgreens | 1302 N Virginia St
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
Walgreens 1302 N Virginia St
13,650 SF Retail Building Port Lavaca, TX 77979 £3,882,829 (£284/SF) 7.15% Net Initial Yield
Investment Highlights
- Corporate Guaranty by Walgreen Co.
- Zero Landlord Responsibilities – Absolute NNN Investment
- Strong Demographics
- Approximately Ten Years Remaining on Long-Term Lease
- Signalized Intersection
Executive Summary
Northmarq is pleased to offer the opportunity to acquire the leased fee interest in the 100%leased Walgreens Pharmacy located at 1302 N. Virginia Street in Port Lavaca, TX. The lease is 100% guaranteed by Walgreens.
The ±13,650 SF property is currently open and operating under a 25-year lease, with approximately 10 years remaining on the initial term. The lease contains 50, 1-year renewal options.
In Association With Chris Adams, TX Lic. #619855
The ±13,650 SF property is currently open and operating under a 25-year lease, with approximately 10 years remaining on the initial term. The lease contains 50, 1-year renewal options.
In Association With Chris Adams, TX Lic. #619855
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
13,650 SF
Building Class
B
Year Built
2009
Price
£3,882,829
Price Per SF
£284
Net Initial Yield
7.15%
NOI
£277,681
Tenancy
Single
Number of Floors
1
Building FAR
0.16
Land Acres
2.02 AC
Parking
59 Spaces (4.32 Spaces per 1,000 SF Leased)
Frontage
263 ft on North Virginia Street
PROPERTY TAXES
| Parcel Number | 78269 | Improvements Assessment | £915,854 |
| Land Assessment | £127,686 | Total Assessment | £1,043,540 |
PROPERTY TAXES
Parcel Number
78269
Land Assessment
£127,686
Improvements Assessment
£915,854
Total Assessment
£1,043,540
-
Chad Byerly -
Northmarq
1 of 4
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
Walgreens | 1302 N Virginia St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.