Walgreens

The Boulder Group is pleased to exclusively market for sale a single tenant net leased Walgreens property located in Victoria, Texas. Walgreens has been successfully operating from this location since it’s construction in 2009. The primary lease term runs through January 2034 and features ten 5-year renewal options. The lease is also absolute triple net which presents no landlord responsibilities. Texas is an income tax free state, an added benefit to investors. The store consistently generates above average sales volumes.
The 14,820 square-foot building benefits from its signalized hard corner position along North Navarro Street which experiences 43,380 vehicles per day. The subject asset is positioned on an out lot in Victoria’s Retail Village, anchored by Kohl’s and Academy Sports + Outdoors. Additionally, the area surrounding the intersection of North Navarro Street and Zac Lentz Parkway features a dense cluster of retailers including Lowe’s Home Improvement, Sam’s Club, Walmart, The Home Depot, Target, Ross, PetSmart, and many others. Also located several blocks south and one of the area’s main attractions is Victoria Mall which is home to 70+ retailers. There are nearly 53,000 people living within a five-mile radius of the property. The population within a three-mile radius earns an average household income of $95,963.
Walgreens is included in the Retail Pharmacy USA Division of Walgreens Boots Alliance, Inc., a global leader in retail pharmacy. As America’s most loved pharmacy, health and beauty company, Walgreens purpose is to champion the health and wellbeing of every community in America. Operating more than 9,000 retail locations across America, Puerto Rico and the U.S. Virgin Islands, Walgreens is proud to be a neighborhood health destination serving approximately 8 million customers each day. Walgreens pharmacists play a critical role in the U.S. healthcare system by providing a wide range of pharmacy and healthcare services.