2710 Nogalitos St, San Antonio, TX 78225
14,218 SF | Retail Building | San Antonio, TX 78225 | $4,600,000 ($324/SF) | 6% Cap Rate
For Sale
Active
Asking Price $4,600,000
- Property Type
-
Retail
- Square Feet
- 14,218 SF
- Price / Square Foot
- $324
Listing Contacts
Patrick Luther
Matthew Mousavi
- Property Info
Property Overview
SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, corporate guaranteed (NASDAQ: WBA), Walgreens investment property located in San Antonio, Texas. The tenant, Walgreen Co., recently signed a brand new 15 year lease with 12 (5-year) options to extend, demonstrating their commitment to the site. The lease features 5% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. Founded in 1901, and representing one of the largest pharmacies in America with over 9,000 retail locations, Walgreens is a pharmaceutical and health destination serving nearly 10 million customers each day. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor.
Property Details
- Class
- B
- Year Built/Renovated
- 1993/2010
- Stories
- 1
- Property Subtype
- Drug Store, Freestanding
- Lot Size (sq. ft)
- 64,904 SF
Highlights
- Brand New 15-Year Lease | Corporate Guaranteed |
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Strong Operator | 139+ Billion Revenue In 2023
- 2nd Largest City In Texas | 1.4+ Million Residents
- Strong Demographics In 5-Mile Trade Area
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