Listed by Stream Capital Partners
$4,376,471
Walgreens
Details
Property Type Retail
Sub Type Convenience Store, Pharmacy/Drug
Square Footage 15,120
Cap Rate 8.5%
NOI $372,000
Occupancy 100%
Tenancy Single
Brand/Tenant Walgreens, CVS Pharmacy
Lease Type Absolute NNN
Remaining Term 7
Rent Bumps No
Lease Options 8, 5 Years
Price per SqFt $289
Year Built 2001
Acreage 2.120
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Retail | 8.50% CAP | 15,120 SqFt
Investment highlights
- Zero Landlord Responsibilities: Tenant operates under an absolute NNN lease structure, ensuring true passive ownership for investors. All expenses—including taxes, insurance, maintenance, and repairs—are fully covered by the tenant, providing stable income throughout the lease term.
- Strong Corporate Guarantor: Guaranteed by Walgreens, a leading national pharmacy retailer with over 8,500 locations, providing investors with a reliable and stable corporate-backed lease.
- Strong Surrounding Retail Presence: The property is surrounded by national retailers including Target, H-E-B, Chick-fil-A, and Chipotle, driving steady consumer traffic and supporting long-term tenant performance.
- Affluent Surrounding Demographics: The property is located within a strong and established trade area, with average household incomes exceeding $92,000 within a 2-mile radius—supporting a high-spending consumer base and driving sustained tenant performance.
- Prime Visibility & Traffic Exposure: Strategically positioned along E 42nd Street in Odessa with exposure to 60,000+ vehicles per day, the property benefits from excellent visibility and consistent daily traffic flow.
Listing Contacts
Listed by Stream Capital Partners
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$372,000.00
$31,000.00/mo
Valuation Metrics
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DSCR
8.5%
Cap Rate
8.5%
ROI
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