Other retailers in the immediate area located along Walzem Road include: McDonald’s, Goodwill, HEB Grocers, Walmart, First Convenience Bank, Little Cesar’s, Harbor Freight, CVS, Domino’s Pizza, Wingstop, Foot Locker, Pizza Hut, Dollar Tree, Game Stop, and IBC Bank.
Property Details
Price:
Contact Broker
Property Type:
Retail
Transaction Type:
Recently Sold
Building Size:
14,004 SF
Lot Size:
1.17 AC
Lease Type:
NN
Year Built:
1999
Parking:
75 parking spaces
Tenancy:
Single Tenant
Zoning Description:
C-2
Cross Streets:
Walzem Rd
APN/Parcel ID:
16927-001-0080
Year Built:
1999
Guarantor:
Corporate
Lease Commencement:
Feb. 1999
First Termination Date:
Oct. 2029
Term Remaining:
9.4 Years
Termination Options:
Seven (7) Options Every 5 years after 10/2029
Parent Company Trade Name:
Walgreens Co.
Credit Rating:
BBB-
Property Description
9.4 Years Remaining on a Corporate Guaranteed Double-Net (NN) Lease Walgreens is considered S&P investment grade (NASDAQ: WBA) and ranked #17 in Fortune 500 (June 2019). The Double Net Lease provides for minimal landlord responsibilities.
Significant Population Growth Population Grew 12.13% from 2010 to 2019. Projected Growth from 2019 to 2024 is an additional 6.21%..
Unit Level Economics The base rent per Square Foot is below market providing an investor with additional stability knowing Walgreen’s local economics have a positive outlook long-term.
