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28839249
28839248

5317 Williams Dr, Georgetown, TX 78633

AG
CA CA 01876378
RX Syndicate
Listed by RX Syndicate
$4,877,000
181 days on market
Updated 8 days ago

$100k Fee to Buyer Broker - Austin Metro Massive Sales WAG

Details
Property Type Retail
Sub Type Pharmacy/Drug
Square Footage 14,891
Cap Rate 7.75%
NOI $378,000
Occupancy 100%
Brand/Tenant Walgreens
Pro-Forma Cap Rate 7.75%
Class A
Year Built 2012
Acreage 2.000
Investment Type Net Lease
Occupancy Date 09/04/2012

7.75% CAP Rate 12 Year Absolute Net Walgreens

Marketing description

Georgetown is quite literally one of the most in demand towns in the country. This quaint bedroom community of Austin, offer residents its own value proposition, featuring a downtown to die for, known as the “Most Beautiful Town Square in Texas.” alongside a booming business and residential community. Folks from all over the country are flocking here in droves for “all the cute of Austin, without all the crowds”. Take a quick look at Georgetown and you’ll find charming restaurants, boutique shops, lucpous scenery, limitless recreation and a relaxed small-town ambiance - all just a quick drive to Austin. And growth isn’t a problem, either. Georgetown experienced some one the biggest population booms in the nation over the last five years, ranking as high as fourth with growth in the double digit range of almost 12%. Featuring an absolute net lease in the TAX FREE STATE of TEXAS with ~12 years of remaining term, zero landlord responsibilities and a full Walgreens Corporate Guaranty this asset is an ideal 1031 Exchange property for a passive investor who wants the combination of a high volume store, strong retail trade area, excellent real estate intrinsics and the hard to find demographics of a dense and affluent town. Combine that with the exceptional and hard to find sales levels here (which have been INCREASING) and you have a best in class Walgreens. If you are in the market for a drugstore, Georgetown should be at the top of your list.

Investment highlights

$4,600,000 in REPORTED SALES - Very Rare to See These Sales Levels

#1 Store for 20+ Miles

Extended Hours Further Demonstrate High Sales Volumes

Top Store for Walgreens

~12 Years Remain in Walgreens Guaranteed Rents

Full Corporate Walgreens Guaranty

Strong Placer Ranking

~$4,5000,000 in Rents Remaining in Primary Term

Austin & Georgetown Are Positioned for Exceptional Growth

Listing Contacts

AG
CA CA 01876378
RX Syndicate
Listed by RX Syndicate

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$378,000.00
$31,500.00/mo

Valuation Metrics

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DSCR
7.75%
Cap Rate
7.75%
ROI

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Additional Information

Name
Brian Brockman
License
701472
Brokerage
Bang Realty-Texas
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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