496 Highway 96 S, Silsbee, TX 77656 For Sale

Marcus & Millichap is pleased to present for sale this Absolute Net Leased Walgreens located at 496 Highway 96 S in Silsbee, just North of Beaumont, Texas. The subject property consists of a 14,550 SF free-standing building with a drive-thru and is situated on a large 1.71-acre parcel of land.

Strategically located on the hard signalized intersection of 5th Street and W/E Avenue North, the property benefits from incredible visibility to traffic counts exceeding 25,460 per day. The Walgreens sits along a major thoroughfare and benefits from the proximity to Highway 96, which sees more than 16,925 vehicles per day and Silsbee’s Elementary and Highschool. The immediate trade area is also home to McDonald’s, Taco Bell, Subway, Jack in the Box, Exxon, KFC, Whataburger, Sonic, AutoZone, Walmart, and numerous other National and Regional Tenants.

Walgreens originally signed a 25-year Absolute NNN lease in 2010 and currently has over 10 years of initial term remaining with ten 5-year options to renew.

Walgreens is a publicly traded company that operates the secondlargest pharmacy store chain in the United States, behind CVS Health. It specializes in filling prescriptions, health and wellness products, and numerous other services with more than 8,200 locations across the U.S, District of Colombia, Puerto Rico, and Guam. The company also operates worksite health centers, home care facilities, and specialty and mail service pharmacies.