1620 S GORDON ST, ALVIN, TX 77511-3460

Hard Corner Location | 22,000 VPD | Direct Access to Alvin’s Main Highway – 27,000 VPD

• The Property sits at the signalized intersection of S Gordon Street and South Street, which carries a combined traffic count of approximately 22,000 vehicles per day, providing for strong visibility and full-movement access via ingress/egress points on both corridors.
• The Property benefits from direct access to the Alvin Bypass (State Highway 35 Bypass), via both S Gordon Street and South Street less than 1 mile away.
• The Alvin Bypass serves as the area's main highway corridor to and from Houston, carrying approximately 27,000 vehicles per day and connecting the trade area to the greater Houston metropolitan market.

Surrounded by Top-Performing Retailers | $172M+ in Annual Card Sales per CenterCheck

• Per CenterCheck, the Property's Walgreens generates over $20.1M in estimated annual card sales, ranking in the 85th percentile amongst all Walgreens locations nationwide.
• Directly north of the Property along S Gordon, within approximately a half mile, is a combined $13.4M+ in annual card sales between Sonic (98th percentile), Domino's (97th percentile), AutoZone (96th percentile), and Jack in the Box (80th percentile).
• To the south along S Gordon sits a Kroger ranking in the 95th percentile with over $107.4M in annual card sales. Kroger’s outparcels feature McDonald’s which ranks in the 96th percentile with $9.1M+ in annual card sales.
• Within a mile along the S Bypass 35 corridor are Whataburger (93rd percentile), Taco Bell (94th percentile), Waffle House (88th percentile), Popeyes (83rd percentile), Dollar Tree (78th percentile), and Bealls (83rd percentile), which generate a combined $23M+ in annual card sales.
• Additional national retailers in the immediate area include H-E-B and KFC directly across S Gordon, along with Burger King, Advance Auto, Harbor Freight Tools, ALDI, O’Reilly Auto Parts, Home Depot, Walmart Supercenter, Tractor Supply, and many more.

Midnight Location | Absolute NNN Lease | Below-Market Rent

• The Property features a freestanding 14,000 SF building on a 1.46-acre corner parcel, providing strong intrinsic value and residual real estate within a built-out, high-barrier submarket.
• The Property operates extended hours and remains open until midnight daily, a format Walgreens reserves for its stronger-performing locations and a signal of strength for the trade area as well as Walgreens’ commitment to the location as a high-volume, essential-needs retailer.
• The Property is subject to a long-term Absolute NNN lease directly with Walgreens providing corporate-level backing, limited landlord responsibilities, and a largely passive investment.
• Walgreens recently exercised their first option period with no rental concessions, demonstrating their ongoing commitment to the location and the surrounding Allen market.
• The in-place rent is low ($14 PSF) compared to current on-market Walgreens locations across Texas, offering an attractive rent basis and below-market in-place income.
• Walgreens is one of the largest retail pharmacy operators in the United States, lending strong national brand recognition and consistent customer draw to the Property.

Situated Amongst Rooftops Near New Residential Communities | Strong Local Workforce

• The Property is supported by over 12,130 residents within a 1 mile radius and over 33,230 within 3 miles.
• In the immediate area are numerous single-family communities including Watermark by D.R. Horton which is currently under construction of 223 homes, along with Mustang Crossing (457 homes) and Mustang Ridge (130 homes), all of which are within 1 mile of the Property.
• The Property is surrounded by over 1,900 multi-family units across 15 communities within 1.5 miles, including but not limited to Newport Oaks (168 units), Oaks at Mustang (126 units), Alvin Memorial Gardens (103 units), and Hillcrest Village (220 units), amongst many others.
• Due to the dense residential area in the immediate vicinity, the Property is also nearby numerous local schools, including Alvin High School (2,763 students), Alvin Junior High School (748 students), and Fairview Junior High School (793 students), and many others.
• Additionally, the Property is positioned within approximately 1 mile of Alvin Community College, which serves over 5,200 students.
• The Property benefits from a strong workforce base in the immediate area with over 10,770 daytime employees within 1 mile and approximately 29,000 within 3 miles.

Near Preservation Creek – 2,900-Acre Master-Planned Community

• The Property sits near Alvin’s newest master-planned community, Preservation Creek, which broke ground in 2025 and is expecting its first delivery of homes in 2026.
• Preservation Creek is nearly 2,900 acres and expected to deliver approximately 5,500 to 5,700 homes at build-out. The community is the flagship project of the Austin Bayou District, Alvin's planned 14,000+ acre economic development initiative on the city's west end.