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22280993
22280995

3801 Roy Richard Dr, Schertz, TX 78154 For Sale

GB
FL FL SL3211804
SURMOUNT
RI
FL SL3149595
SURMOUNT
Listed by SURMOUNT
$3,785,714
137 days on market
Updated 14 days ago

Walgreens - Schertz, TX

Details
Property Type Retail
Sub Type Pharmacy/Drug
Square Footage 15,120
Net Rentable (SqFt) 15,120
Units 1
Cap Rate 7%
NOI $265,000
Occupancy 100%
Tenancy Single
Brand/Tenant Walgreens
Lease Type NN
Lease Term 30
Lease Expiration 08/30/2030
Remaining Term 4.1
Rent Bumps No
Lease Options Four More 5 Year options
Price per SqFt $250
Broker Co-Op Yes
Year Built 2000
Buildings 1
Stories 1
Acreage 1.750
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 08/25/2000
Ownership Fee Simple

Retail | 7.00% CAP | 15,120 SqFt

Marketing description

The Issenberg Britti Group of Surmount is pleased to present for sale this Net Leased Walgreens located at 3801 Roy Richard Dr in Schertz, Texas, just 20 miles Northeast of Downtown San Antonio. The subject property consists of a 15,120 SF freestanding building with a drive-thru and is situated on a large 1.75-acre parcel of land.

Strategically located at the hard-signalized intersection of Roy Richard Drive and Savannah Drive, the property benefits from excellent visibility and high traffic counts, exceeding 32,825 vehicles per day. Additionally, it is in close proximity to Monarch Highway (I-35), which sees more than 146,925 vehicles per day. The Walgreens is situated just down the road from a major industrial hub which includes; Schertz35 Business Park, Doerr Lane Industrial Park, Enterprise Industrial Park IV, and Tri-County Crossing spanning over 6.5 million square feet of industrial space across hundreds of acres.

Furthermore, the property is in close proximity to Randolph Air Force Base, a significant military installation that is part of Joint Base San Antonio (JBSA). JBSA is one of the largest and most diverse joint bases in the Department of Defense, supporting over 70,000 members who contribute to various missions, including training, flying, medical, cyber, intelligence, and installation support. Randolph Air Force Base serves as a key component of JBSA, housing numerous units such as the Air Force Personnel Center and the 12th Flying Training Wing. The base is home to more than 4,000 military members, 5,000 dependents, and 5,000 Department of Defense civilians, totaling a population of approximately 15,000. The immediate trade area is also home to CVS, O’Reilly Auto Parts, Pizza Hut, Take-5 Oil Change, AutoZone, AT&T, First United Bank, Quik Trip, McDonald’s, Taco Cabana, and numerous other National and Regional Tenants.

Numerous apartment complexes surround this Walgreens Pharmacy Store, including US Cibolo, The Reserve at Engel Road, The Willows of Steele Creek, El Sereno, Cibolo Plaza Apartments, and The Grand at Cibolo. Additionally, several new residential developments have emerged near the property, including the master-planned community of Homestead by Castlerock Communities, Legendary Trails by Meritage Homes, offering 180 homesites, and Saddle Creek Ranch. The area also boasts several popular attractions, including Crescent Bend Nature Park, Natural Bridge Caverns, Animal World & Snake Farm Zoo, Tanger Outlets San Marcos, and the San Antonio Riverwalk.

Walgreens recently exercised an option extending their current term though August 31st 2030, showing strong commitment to the site.

Walgreens Boots Alliance (NASDAQ: WBA) operates over 12,700 stores across all 50 U.S. states, the District of Columbia, Puerto Rico, and Guam, along with worksite health centers, home care facilities, and specialty and mail service pharmacies. In fiscal year 2024, the company reported $147.7 billion in revenue reflecting continued strength in its healthcare and retail segments.

Investment highlights

■ Walgreens Corporate Guarantee (NYSE: WBA)

■ Recently Exercised 2nd Option | Demonstrating Strong Site Commitment

■ Affluent and Dense Demographics | 13K People in a 1 Mile Radius with Average Household Income Exceeding $139K per Year

■ Hard Signalized Corner with Great Visibility | Visible to Over 32,825 Vehicles/Day

■ Strategically Located Within Proximity to Monarch Highway (I-35) | 146,928 Vehicles/Day

■ Down the Road from Major Industrial Hub | +6.5 Million SF of Industrial Space

■ Proximity to Randolph Airforce Base | Significant Military Institution with Population of Approximately 15,000

■ Located Adjacent to Newly Proposed 20-Acre Mixed Use Development Featuring 350+ Apartments and a Plethora of Service Retail & Restaurants

■ Fee Simple Allowing for Depreciation

■ Large 1.75 Acre Parcel

■ Drive-Thru Pharmacy

■ Extended Store Hours | 6 AM - Midnight | 7 Days a Week

■ Less than 20 Miles from Downtown San Antonio

■ Texas Is a No Income Tax State

Listing Contacts

GB
FL FL SL3211804
SURMOUNT
RI
FL SL3149595
SURMOUNT
Listed by SURMOUNT

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Loan Amount
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$265,000.00
$22,083.33/mo

Valuation Metrics

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DSCR
7%
Cap Rate
7%
ROI

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Additional Information

Name
Tim Speck
License
TX 9002994
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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