3018 7Th St, Bay City, TX 77414
14,550 SF | Retail Building | Bay City, TX 77414 | $4,055,000 ($279/SF) | 6.10% Cap Rate
For Sale
Active
Asking Price $4,055,000
- Property Type
-
Retail
- Square Feet
- 14,550 SF
- Price / Square Foot
- $279
Listing Contacts
Jeff Bracco
Kase Abusharkh
- Property Info
Property Overview
This is the opportunity to purchase a long term Absolute NNN Leased Walgreens. The lease calls for zero landlord obligations and is corporately guaranteed. The property benefits from scheduled rental increases every 5 years consistent with the following rental schedule: a rental increase in year 6, a rental increase in year 11 and a rental increase at each option period. This site has excellent access and visibility on a hard corner at a signalized intersection. Walgreens benefits from its position in dense residential area of 7th Street. The surrounding retailers include H-E-B, Starbucks, Family Dollar, and more
Property Details
- Class
- C
- Year Built
- 2005
- Stories
- 1
- Property Subtype
- Drug Store
- Lot Size (sq. ft)
- 72,310 SF
Highlights
- 13 Year Absolute NNN Lease with Scheduled 5% Rental Increases
- Zero Landlord Obligations
- 100% Fee Simple Interest
- Major Retail Trade Area
- Hard Corner Location
- Heavily Trafficked Location
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