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Drug Store

Walgreens Pharmacy #13940

26482 US-281, San Antonio, TX 78258

Listing Price: $9,694,000

Cap Rate
4.90%
Tenant Name
Walgreens Boots Alliance
Years Remaining On Lease
14.9
Gross SF
13,650
Guarantor
Corporate Guarantee
Rentable SF
13,650
Price/Gross SF
$710.18
Lease Type
Absolute Net
Rent Per Square Feet
$34.80

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 $9,694,000 at a 4.90% cap with an annual rent of $475,000.

Investment Highlights

  • 15 Years Remaining Lease Term
  • Absolute Net Lease Guaranteed by Walgreens Boots Alliance (WBA)
  • Strong Reported Sales
  • Income Tax Free State

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s) TX: 9002994

    Texas

Drug Store

Walgreens Pharmacy #13940

Listing Price: $9,694,000

Cap Rate
4.90%
Tenant Name
Walgreens Boots Alliance
Years Remaining On Lease
14.9
Gross SF
13,650
Guarantor
Corporate Guarantee
Rentable SF
13,650
Price/Gross SF
$710.18
Lease Type
Absolute Net
Rent Per Square Feet
$34.80

Investment Highlights

  • 15 Years Remaining Lease Term
  • Absolute Net Lease Guaranteed by Walgreens Boots Alliance (WBA)
  • Strong Reported Sales
  • Income Tax Free State

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 $9,694,000 at a 4.90% cap with an annual rent of $475,000.

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s): TX: 9002994

    Texas

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