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Drug Store

Absolute Net Walgreens | Top 22% Nationwide - Placer.ai | El Paso MSA

1432 Antonio St, Anthony, TX 79821

Listing Price: $5,289,000

Cap Rate
6.75%
Tenant Name
Walgreens
Years Remaining On Lease
10.0
Guarantor
Corporate Guarantee
Rentable SF
14,820
Lease Type
Absolute Net
Rent Per Square Feet
$24.09

Investment Overview

Marcus & Millichap is pleased to bring to market Walgreens located in Anthony, TX.

Investment Highlights

  • 2008 Build-to-Suit for Walgreens | 14,820-Square Foot Building on +/-2.02-AC Parcel | Corporately Guaranteed Lease
  • Absolute Net Lease With 10 Years Remaining and Twelve, Five-Year Renewal Options | Handpicked By Walgreens For New Lease Program in 2019
  • Five Percent Rental Increases Every Five-Years and Each Option | Next Rental Increase Coming in June, 2024
  • High Traffic Location Just Off of Interstate 10 / US-180's Exit 0 Seeing Over 36,000 Vehicles Per Day Along the Texas-New Mexico Border, Near Three National Travel Center Tenants Pilot, Love's and Flying J | Interstate 10 Is a Major Traffic and Shipping Artery into Downtown El Paso and Continuing On to Juarez, Mexico
  • Proximity to Nationally Recognized Tenants, Including: KFC, Dollar Tree, Domino's, Wendy's, Whataburger, Burger King, Best Western, Anytime Fitness and More
  • Property Has Excellent Visibility Along Antonio Street With 9,200+ Vehicles Per Day and a Dedicated Turn La
  • Over 404,000 Annual Visitors, Ranked in the 78th Percentile Nationwide for Walgreens Location Visits (Placer.ai) | One Mile From Wet N Wild Waterworld, a Large 60 Acre Waterpark Seeing Over 300,000 Annual Visitors (Placer.ai)
  • Trending Demographics: Population Exceeds 28,600 Within Five-Miles of the Property and is Expected to Increase by 2027 | Anthony, Texas is 20 Miles From Downtown El Paso and 22 Minutes From Las Cruces, New Mexico

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s) TX: 9002994

    Texas

Financing By

Drug Store

Absolute Net Walgreens | Top 22% Nationwide - Placer.ai | El Paso MSA

Listing Price: $5,289,000

Cap Rate
6.75%
Tenant Name
Walgreens
Years Remaining On Lease
10.0
Guarantor
Corporate Guarantee
Rentable SF
14,820
Lease Type
Absolute Net
Rent Per Square Feet
$24.09

Investment Highlights

  • 2008 Build-to-Suit for Walgreens | 14,820-Square Foot Building on +/-2.02-AC Parcel | Corporately Guaranteed Lease
  • Absolute Net Lease With 10 Years Remaining and Twelve, Five-Year Renewal Options | Handpicked By Walgreens For New Lease Program in 2019
  • Five Percent Rental Increases Every Five-Years and Each Option | Next Rental Increase Coming in June, 2024
  • High Traffic Location Just Off of Interstate 10 / US-180's Exit 0 Seeing Over 36,000 Vehicles Per Day Along the Texas-New Mexico Border, Near Three National Travel Center Tenants Pilot, Love's and Flying J | Interstate 10 Is a Major Traffic and Shipping Artery into Downtown El Paso and Continuing On to Juarez, Mexico
  • Proximity to Nationally Recognized Tenants, Including: KFC, Dollar Tree, Domino's, Wendy's, Whataburger, Burger King, Best Western, Anytime Fitness and More
  • Property Has Excellent Visibility Along Antonio Street With 9,200+ Vehicles Per Day and a Dedicated Turn La
  • Over 404,000 Annual Visitors, Ranked in the 78th Percentile Nationwide for Walgreens Location Visits (Placer.ai) | One Mile From Wet N Wild Waterworld, a Large 60 Acre Waterpark Seeing Over 300,000 Annual Visitors (Placer.ai)
  • Trending Demographics: Population Exceeds 28,600 Within Five-Miles of the Property and is Expected to Increase by 2027 | Anthony, Texas is 20 Miles From Downtown El Paso and 22 Minutes From Las Cruces, New Mexico

Investment Overview

Marcus & Millichap is pleased to bring to market Walgreens located in Anthony, TX.

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s): TX: 9002994

    Texas

Financing By

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