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Walgreens

5760 Walzem Rd | San Antonio | Texas | 78218


Recently Sold
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Property Highlights

  • 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
  • Transaction Type: Recently Sold
  • Property Type: Retail
  • Building Size: 14,004 SF
  • Lot Size: 1.17 AC
  • Year Built: 1999
  • Parking: 75 parking spaces
  • Tenancy: Single Tenant
  • Zoning Description: C-2
  • Cross Streets: Walzem Rd
  • APN/Parcel ID 16927-001-0080
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.
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Financial Summary

Investment Highlights

Price $0.00
Price / Unit $0.00
Gross Rent Multiplier 0.00
Proposed Loan Amount $0.00
Initial Investment $0.00

 

Income & Expenses

Income
Potential
Current

 

Expense
Potential
Current
Total Expenses
$ 0.00
$ 0.00
Net Operating Income $0.00 $0.00
Less Debt Service $0 $0
Potential Net Cash Flow $0.00 $0.00
Cash on Cash Return 0.00 % 0.00 %
Capitalization Rate 0.00 % 0.00 %

Rent Roll

Unit
BR/BA
Current Monthly Rent
Potential Monthly Rent
Status
Lease Expires

Totals

$ 0.00

$ 0.00