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Drug Store

Walgreens Pharmacy with Drive-Thru

7101 W Adams Ave, Temple, TX 76502

Listing Price: $2,526,000

Cap Rate
4.75%
Tenant Name
Walgreens
Years Remaining On Lease
10.1
Guarantor
Corporate Guarantee
Rentable SF
2,501
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$47.98

Investment Overview

Marcus & Millichap is pleased to present the Walgreens in Temple, TX.

Investment Highlights

  • New 10-Year Absolute NNN Lease with No Early Termination
  • Investment Grade Credit Tenant Rated BBB by S&P (NASDAW: WBA)
  • 5% Increases Every 5 Year Beginning in Each Option Period
  • Brand New High-Quality Construction with a Drive-Thru, Smaller Cooper Prototype Building Offers a Full Pharmacy
  • Essential Business, Walgreen Remained Open Nationwide During Pandemic
  • DoorDash Partnership with Walgreens, Delivers Over the Counter Medicine and Other Products from Walgreens
  • Serving Over 85,000 Residents in Rapidly Growing Trade Area, Surrounded by Several New Residential Developments with Over 4,300 Homes
  • Average Household Income Exceeds $88,000 within 3 Miles and 84,000 within 5 Miles

Exclusively Listed By

  • Phil Sambazis

    Executive Managing Director Investments

    (858) 373-3174

    Email Phil

    License(s): CA: 01474991

    San Diego

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3184

    Email Alvin

    License(s): CA: 01391653, TX: 0606255

    San Diego

Broker of Record

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3100

    License(s) TX: 0606255

    Texas

Financing By

Drug Store

Walgreens Pharmacy with Drive-Thru

Listing Price: $2,526,000

Cap Rate
4.75%
Tenant Name
Walgreens
Years Remaining On Lease
10.1
Guarantor
Corporate Guarantee
Rentable SF
2,501
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$47.98

Investment Highlights

  • New 10-Year Absolute NNN Lease with No Early Termination
  • Investment Grade Credit Tenant Rated BBB by S&P (NASDAW: WBA)
  • 5% Increases Every 5 Year Beginning in Each Option Period
  • Brand New High-Quality Construction with a Drive-Thru, Smaller Cooper Prototype Building Offers a Full Pharmacy
  • Essential Business, Walgreen Remained Open Nationwide During Pandemic
  • DoorDash Partnership with Walgreens, Delivers Over the Counter Medicine and Other Products from Walgreens
  • Serving Over 85,000 Residents in Rapidly Growing Trade Area, Surrounded by Several New Residential Developments with Over 4,300 Homes
  • Average Household Income Exceeds $88,000 within 3 Miles and 84,000 within 5 Miles

Investment Overview

Marcus & Millichap is pleased to present the Walgreens in Temple, TX.

Exclusively Listed By

  • Phil Sambazis

    Executive Managing Director Investments

    (858) 373-3174

    Email Phil

    License(s): CA: 01474991

    San Diego

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3184

    Email Alvin

    License(s): CA: 01391653, TX: 0606255

    San Diego

Broker of Record

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3100

    License(s): TX: 0606255

    Texas

Financing By

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