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Walgreens: Lubbock, TX 2417 82nd St 15,053 SF Retail Building Lubbock, TX 79423 $5,235,617 CAD ($347.81 CAD/SF) 8% Cap Rate

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Investment Highlights

Extended Net Lease with Renewal Options
Excellent Access & Visibility | Hard Corner Intersection of 82nd Street (20,851 VPD) & University Avenue (27,424 VPD)
Dense Retail & Commercial Corridor | 7.6 MSF Retail, 3.7 MSF Office, 6.3 MSF Industrial, 7,089 Multifamily Units & 2,015 Hotel Rooms within 3-Miles

Long-Term Operating History with Solid Reported Sales
Less Than 5 Miles to Texas Tech University (Enrollment: 41,000+)
Lubbock, TX MSA (Population: 362,839)

Executive Summary

CBRE is pleased to offer for sale the 15,053-square-foot Walgreens situated on 1.48 acres in Lubbock, Texas (MSA Population: 362,839). Originally set to expire in 2021, Walgreens’ net lease was previously extended through 2032 and currently features ±6.7 years of primary term remaining and eight, 5-year options to renew.

Property Facts

Sale Type

Investment

Property Type

Retail

Property Subtype

Drug Store

Building Size

15,053 SF

Building Class

Year Built

2000

Price

$5,235,617 CAD

Price Per SF

$347.81 CAD

Cap Rate

NOI

$418,844 CAD

Tenancy

Single

Building Height

1 Story

Building FAR

0.23

Lot Size

1.48 AC

Parking

75 Spaces (4.98 Spaces per 1,000 SF Leased)

Frontage

244’ on 82nd St

Pylon Sign

Signage

Signalized Intersection

Drive Thru

Retailer
-
$9.99
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Jan 0000

Walgreens Boots Alliance began with Walgreens, which was founded in 1901 and grew from a neighborhood drugstore into a large pharmacy and retail business. The company was formed later through the combination of Walgreens and Alliance Boots, creating a business with a broad presence in pharmacy retail and health-focused services. Its operations include retail pharmacy, healthcare services, and pharmaceutical wholesale, with digital and in-store offerings that support prescription access, consultations, immunizations, and wellness products. Walgreens Boots Alliance has remained centered on pharmacy-led care while serving customers through a mix of community locations and online channels.