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Drug Store

Walgreens

3004 North St, Nacogdoches, TX 75965

Listing Price: $5,200,000

Cap Rate
6.00%
Tenant Name
Walgreens
Years Remaining On Lease
58.3
Guarantor
Corporate Guarantee
Rentable SF
14,820
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$21.05

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Walgreens located at 3004 North Street in Nacogdoches, TX. The site constructed in 2005, consists of roughly 14,820 rentable square feet of building space and sits on an approximately 2.10-acre parcel of land. Walgreens is subject to a 25-year absolute triple-net (NNN) lease, which commenced on January 1st, 2005. The lease has the potential to extend until December 31, 2079, with the tenant’s right to terminate the lease every five years beginning on January 1, 2031. The annual rent is $312,000.

Investment Highlights

  • Long-Term, 75-Year Absolute Triple Net (NNN) Lease
  • 8.25 Years Remaining of Base Term
  • Corporate Location, Corporate Guarantee, Investment Grade Credit Rating

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s) TX: 9002994

    Texas

Financing By

Listing Price: $5,200,000

Cap Rate
6.00%
Tenant Name
Walgreens
Years Remaining On Lease
58.3
Guarantor
Corporate Guarantee
Rentable SF
14,820
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$21.05

Investment Highlights

  • Long-Term, 75-Year Absolute Triple Net (NNN) Lease
  • 8.25 Years Remaining of Base Term
  • Corporate Location, Corporate Guarantee, Investment Grade Credit Rating

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Walgreens located at 3004 North Street in Nacogdoches, TX. The site constructed in 2005, consists of roughly 14,820 rentable square feet of building space and sits on an approximately 2.10-acre parcel of land. Walgreens is subject to a 25-year absolute triple-net (NNN) lease, which commenced on January 1st, 2005. The lease has the potential to extend until December 31, 2079, with the tenant’s right to terminate the lease every five years beginning on January 1, 2031. The annual rent is $312,000.

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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