Walgreens: San Antonio, TX
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.
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