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Drug Store

Walgreens | South Texas - International Border | Long Term Absolute Net Lease | Hard Corner

101 W FM 495, San Juan (South Texas), TX 78589

Listing Price: $8,260,000

Cap Rate
5.00%
Tenant Name
Walgreens
Years Remaining On Lease
14.4
Gross SF
14,168
Guarantor
Corporate Guarantee
Rentable SF
14,168
Price/Gross SF
$583.00
Lease Type
Absolute Net
Rent Per Square Feet
$29.15

Investment Overview

San Juan is a city in Hidalgo County, Texas and is part of the McAllen–Edinburg–Mission and Reynosa–McAllen metropolitan areas. The city is known for the Basilica of the National Shrine of Our Lady of San Juan del Valle, one of the largest churches in South Texas. The city is located within the Rio Grande Valley of South Texas, one of the fastest-growing counties in the United States. The Lower Rio Grande Valley commonly known as the Rio Grande Valley or locally as The Valley, is a socio-cultural region spanning the border of Texas and Mexico located in a floodplain of the Rio Grande near its mouth. The region includes the southernmost tip of South Texas and a portion of northern Tamaulipas, Mexico. It consists of the Brownsville, Harlingen, Weslaco, Pharr, McAllen, Edinburg, Mission, San Juan, and Rio Grande City metropolitan areas in the United States and the Matamoros, Río Bravo, and Reynosa metropolitan areas in Mexico. These cities are surrounded by many small neighborhoods or colonias. The area is generally bilingual in English and Spanish, with a fair amount of Spanglish due to the diverse history of the region. A large seasonal influx occurs of “winter Texans” — Texans who come down from the north for the winter and then go back up north before summer arrives.

Investment Highlights

  • Long Term Absolute Net Lease (Zero Landlord Obligations). 11+ Year Historical Occupancy. This Location Serves Beer & Wine, and Features a Drive-Thru Pharmacy.
  • Positioned Along Area's Major Retail & Traffic Corridor: Signalized Hard Corner Location - Features Direct Access and Excellent Visibility w/ Daily Combined Traffic Counts Exceeding 39k Vehicles.
  • Walgreens is Ranked #16 on Fortune 500 List, #36 On Fortune 500 Global List and has a S&P Investment Grade Credit Rating of "BBB" with an Annual Revenue of $132.5 Billion.
  • Located in the Heart of the The Rio Grande Valley, One of the Fastest Growing Regions in the U.S. - Annual Retail Sales exceed $5 billion, 25% Which Comes from Cross-Border Traffic. 13 Miles from the US/Mexico International Border.
  • Densely Populated Area: Features more than 204k People Residing within a 5-Mile Radius. The City has been Experiencing a Growth Rate of 38.7% since the 2000 Census.

Exclusively Listed By

  • 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 | South Texas - International Border | Long Term Absolute Net Lease | Hard Corner

Listing Price: $8,260,000

Cap Rate
5.00%
Tenant Name
Walgreens
Years Remaining On Lease
14.4
Gross SF
14,168
Guarantor
Corporate Guarantee
Rentable SF
14,168
Price/Gross SF
$583.00
Lease Type
Absolute Net
Rent Per Square Feet
$29.15

Investment Highlights

  • Long Term Absolute Net Lease (Zero Landlord Obligations). 11+ Year Historical Occupancy. This Location Serves Beer & Wine, and Features a Drive-Thru Pharmacy.
  • Positioned Along Area's Major Retail & Traffic Corridor: Signalized Hard Corner Location - Features Direct Access and Excellent Visibility w/ Daily Combined Traffic Counts Exceeding 39k Vehicles.
  • Walgreens is Ranked #16 on Fortune 500 List, #36 On Fortune 500 Global List and has a S&P Investment Grade Credit Rating of "BBB" with an Annual Revenue of $132.5 Billion.
  • Located in the Heart of the The Rio Grande Valley, One of the Fastest Growing Regions in the U.S. - Annual Retail Sales exceed $5 billion, 25% Which Comes from Cross-Border Traffic. 13 Miles from the US/Mexico International Border.
  • Densely Populated Area: Features more than 204k People Residing within a 5-Mile Radius. The City has been Experiencing a Growth Rate of 38.7% since the 2000 Census.

Investment Overview

San Juan is a city in Hidalgo County, Texas and is part of the McAllen–Edinburg–Mission and Reynosa–McAllen metropolitan areas. The city is known for the Basilica of the National Shrine of Our Lady of San Juan del Valle, one of the largest churches in South Texas. The city is located within the Rio Grande Valley of South Texas, one of the fastest-growing counties in the United States. The Lower Rio Grande Valley commonly known as the Rio Grande Valley or locally as The Valley, is a socio-cultural region spanning the border of Texas and Mexico located in a floodplain of the Rio Grande near its mouth. The region includes the southernmost tip of South Texas and a portion of northern Tamaulipas, Mexico. It consists of the Brownsville, Harlingen, Weslaco, Pharr, McAllen, Edinburg, Mission, San Juan, and Rio Grande City metropolitan areas in the United States and the Matamoros, Río Bravo, and Reynosa metropolitan areas in Mexico. These cities are surrounded by many small neighborhoods or colonias. The area is generally bilingual in English and Spanish, with a fair amount of Spanglish due to the diverse history of the region. A large seasonal influx occurs of “winter Texans” — Texans who come down from the north for the winter and then go back up north before summer arrives.

Exclusively Listed By

  • 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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