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Walgreens: Lubbock, TX 2417 82nd St 15,053 SF Retail Building Lubbock, TX 79423 $5,302,701 CAD ($352.27 CAD/SF) 8% Cap Rate
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 ±6.3 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
B
Year Built
2000
Price
$5,302,701 CAD
Price Per SF
$352.27 CAD
Cap Rate
8%
NOI
$424,210 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
Amenities
- Pylon Sign
- Signage
- Signalized Intersection
- Drive Thru
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Retailer
- -
-
$9.99
-
Lorem Ipsum
-
Jan 0000
Walgreens began in Chicago in 1901, after pharmacist Charles R. Walgreen Sr. purchased the drugstore where a pharmacy career began. The company grew from a neighborhood drugstore into a broad retail health business offering prescription services, health and wellness products, photo services, home delivery, specialty pharmacy, and virtual healthcare. Walgreens serves customers through a wide network of community pharmacies and digital platforms, with a focus on accessible medicine, everyday essentials, and healthcare support.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Retailer | - | $9.99 | Lorem Ipsum | Jan 0000 |
Moderately walkable
60/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | R34365 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $3,967,598 CAD |
Property Taxes
Parcel Number
R34365
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$3,967,598 CAD
Contacts
-
Christopher Bosworth -
Brian Pfohl -
Thomas Carr -
Ty Grenier -
Chris Cozby -
Leah Lindell -
Abby Kelly -
CBRE, Inc.
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Walgreens: Lubbock, TX | 2417 82nd St
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