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26797484
26797485

2710 Nogalitos St, San Antonio, TX 78225 For Sale

CB
GA GA 248342
CBRE - Atlanta
BP
GA 349355
CBRE - Atlanta
TC
GA 374849
CBRE Atlanta
Listed by CBRE - Atlanta, CBRE Atlanta
$4,600,000
269 days on market
Updated 2 days ago

Walgreens: San Antonio, TX

Details
Property Type Retail
Sub Type Storefront
Square Footage 14,218
Net Rentable (SqFt) 14,218
Units 1
Cap Rate 6%
NOI $275,968
Occupancy 100%
Tenancy Single
Brand/Tenant Walgreens
Lease Type Absolute NNN
Lease Expiration 11/30/2038
Remaining Term 12.4
Rent Bumps Yes
Lease Options Twelve 5-year options
Price per SqFt $324
Year Built 1993
Year Renovated 2010
Buildings 1
Acreage 1.490
Parking Spaces 63 spaces
Parking per 1,000 SqFt 4.43
Investment Type Net Lease

Retail | 6.00% CAP | 14,218 SqFt

Marketing description

CBRE is pleased to exclusively offer for sale the 14,218 square-foot Walgreens situated on 1.49 acres in San Antonio, TX. Walgreens’ lease has ±12.4 years of term remaining with twelve, 5-year renewal options. 5% rent increases every 5 years throughout the initial term and in each option.

Investment highlights

ABSOLUTE NNN I FEE SIMPLE OWNERSHIP I ZERO LANDLORD RESPONSIBILITIES

Tenant pays for CAM, taxes, insurance and maintains all aspects of the premises. No

landlord responsibilities. Ideal, management-free investment for a passive investor.

STRONG DEMOGRAPHICS IN 5-MILE TRADE AREA

More than 310,000 residents and 171,000 employees support the trade area,

providing a direct consumer base from which to draw.

SIGNALIZED, HARD CORNER INTERSECTION I EXCELLENT VISIBILITY & ACCESS

The asset is located at the signalized, hard corner intersection of Nogalitos Street

and West Theo Avenue with a combined 32,500 vehicles passing daily. Nogalitos

Street is the major retail thoroughfare serving southern San Antonio and provides

access onto I-35 (157,600 VPD), I-10 (169,100 VPD) and I-37 (135,300 VPD), making

this a centralized location with an extensive trade area. The asset has excellent

visibility via significant street frontage and a large pylon sign. Multiple points of

ingress/egress.

DENSE RETAIL CORRIDOR

The asset is within immediate proximity to several national tenants, including

McDonald’s, Dollar General, Advance Auto Parts, H-E-B, Circle K, Little Caesars,

Boost Mobile, O’Reilly Auto Parts, Subway, Metro by T-Mobile and Dairy Queen, to

name a few. Walgreens is also within close proximity to South Park Mall (Macy’s,

Dick’s, Ulta, Old Navy, Foot Locker, Kay Jewelers, Verizon, Aeropostale, GameStop,

Journeys, etc.), along with many neighboring tenants including The Home Depot,

Target, Burlington, Ross Dress for Less, Lowe’s Home Improvement, Academy Sports

and Outdoors, Five Below, Party City and Sam’s Club, among many others.

Listing Contacts

CB
GA GA 248342
CBRE - Atlanta
BP
GA 349355
CBRE - Atlanta
TC
GA 374849
CBRE Atlanta
Listed by CBRE - Atlanta, CBRE Atlanta

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$275,968.00
$22,997.33/mo

Valuation Metrics

0
DSCR
6%
Cap Rate
6%
ROI

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