Investment Overview

Marcus & Millichap is pleased to present for sale this Net Leased Walgreens located at 3801 Roy Richard Dr in Schertz, Texas, just 20 miles Northeast of Downtown San Antonio. The subject property consists of a 15,120 SF freestanding building with a drive-thru and is situated on a large 1.75-acre parcel of land. Strategically located at the hard-signalized intersection of Roy Richard Drive and Savannah Drive, the property benefits from excellent visibility and high traffic counts, exceeding 32,825 vehicles per day. Additionally, it is in close proximity to Monarch Highway (I-35), which sees more than 146,925 vehicles per day. The Walgreens is situated just down the road from a major industrial hub which includes; Schertz35 Business Park, Doerr Lane Industrial Park, Enterprise Industrial Park IV, and Tri-County Crossing spanning over 6.5 million square feet of industrial space across hundreds of acres. Furthermore, the property is in close proximity to Randolph Air Force Base, a significant military installation that is part of Joint Base San Antonio (JBSA). JBSA is one of the largest and most diverse joint bases in the Department of Defense, supporting over 70,000 members who contribute to various missions, including training, flying, medical, cyber, intelligence, and installation support. Randolph Air Force Base serves as a key component of JBSA, housing numerous units such as the Air Force Personnel Center and the 12th Flying Training Wing. The base is home to more than 4,000 military members, 5,000 dependents, and 5,000 Department of Defense civilians, totaling a population of approximately 15,000. The immediate trade area is also home to CVS, O’Reilly Auto Parts, Pizza Hut, Take-5 Oil Change, AutoZone, AT&T, First United Bank, Quik Trip, McDonald’s, Taco Cabana, and numerous other National and Regional Tenants. Numerous apartment complexes surround this Walgreens Pharmacy Store, including US Cibolo, The Reserve at Engel Road, The Willows of Steele Creek, El Sereno, Cibolo Plaza Apartments, and The Grand at Cibolo. Additionally, several new residential developments have emerged near the property, including the master-planned community of Homestead by Castlerock Communities, Legendary Trails by Meritage Homes, offering 180 homesites, and Saddle Creek Ranch. The area also boasts several popular attractions, including Crescent Bend Nature Park, Natural Bridge Caverns, Animal World & Snake Farm Zoo, Tanger Outlets San Marcos, and the San Antonio Riverwalk. Walgreens recently exercised an option extending their current term though August 31st 2030, showing strong commitment to the site. Walgreens Boots Alliance (NASDAQ: WBA) operates over 12,700 stores across all 50 U.S. states, the District of Columbia, Puerto Rico, and Guam, along with worksite health centers, home care facilities, and specialty and mail service pharmacies. In fiscal year 2024, the company reported $147.7 billion in revenue reflecting continued strength in its healthcare and retail segments.