Walgreens | 26482 N US Highway 281
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 26482 N US Highway 281
13,650 SF Retail Building San Antonio, TX 78261 £5,717,646 (£419/SF) 6.50% Net Initial Yield
Investment Highlights
- Long Term Triple Net Lease with Over 13 years remaining lease term.
- Absolute Net Leases.
- Strong Reported Sales.
Executive Summary
Marcus & Millichap is pleased to present this single tenant, Absolute Net leased drug store in the city of San Antonio, Bexar County, Texas. The tenant is Walgreens Boots
Alliance (NASDAQ: WBA), the second largest pharmacy store chain in the United States, with over 9,000 stores located in all 50 states including Puerto Rico, the US
Virgin Islands, and the District of Columbia.
The subject property, Walgreens Pharmacy #13940, was built-to-suit in 2012 with rent commencement occurring June 11, 2012. The property is Absolute Net leased to
Walgreen Boots Alliance for 25 years with 50, one-year options to renew. The building is approximately 13,650 square feet with a land area of 1.58 acres.
The price of the property is $7,307,692 at a 6.50% cap with an annual rent of $475,000.
Alliance (NASDAQ: WBA), the second largest pharmacy store chain in the United States, with over 9,000 stores located in all 50 states including Puerto Rico, the US
Virgin Islands, and the District of Columbia.
The subject property, Walgreens Pharmacy #13940, was built-to-suit in 2012 with rent commencement occurring June 11, 2012. The property is Absolute Net leased to
Walgreen Boots Alliance for 25 years with 50, one-year options to renew. The building is approximately 13,650 square feet with a land area of 1.58 acres.
The price of the property is $7,307,692 at a 6.50% cap with an annual rent of $475,000.
Data Room Click Here to Access
Property Facts Under Contract
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
13,650 SF
Building Class
B
Year Built
2012
Price
£5,717,646
Price Per SF
£419
Net Initial Yield
6.50%
NOI
£371,647
Tenancy
Single
Number of Floors
1
Loading Docks
9 Exterior
Building FAR
0.20
Land Acres
1.58 AC
Zoning
C-1 - Commercial
Parking
65 Spaces (4.76 Spaces per 1,000 SF Leased)
Frontage
203 ft on N US Highway 281
Amenities
- 24 Hour Access
- Pylon Sign
- Signage
- Drive Thru
- Wheelchair Accessible
PROPERTY TAXES
| Parcel Number | 04865-902-0010 | Improvements Assessment | £1,387,628 |
| Land Assessment | £1,202,054 | Total Assessment | £2,589,683 |
PROPERTY TAXES
Parcel Number
04865-902-0010
Land Assessment
£1,202,054
Improvements Assessment
£1,387,628
Total Assessment
£2,589,683
-
Otto Wenzler -
Peter Wenzler -
Timothy Speck -
Marcus & Millichap
1 of 4
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
Walgreens | 26482 N US Highway 281
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.