Investment Overview

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 $9,223,300 at a 5.15% cap with an annual rent of $475,000.