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Walgreens: San Antonio, TX 2710 Nogalitos St 14,218 SF Retail Building San Antonio, TX 78225 $6,364,560 CAD ($447.64 CAD/SF) 6% Cap Rate

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Investment Highlights

Brand New 15-Year Lease | Corporate Guaranteed
Strong Operator | 139+ Billion Revenue In 2023
Strong Demographics In 5-Mile Trade Area

Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
2nd Largest City In Texas | 1.4+ Million Residents

Executive Summary

SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, corporate guaranteed (NASDAQ: WBA), Walgreens investment property located in San Antonio, Texas. The tenant, Walgreen Co., recently signed a brand new 15 year lease with 12 (5-year) options to extend, demonstrating their commitment to the site. The lease features 5% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. Founded in 1901, and representing one of the largest pharmacies in America with over 9,000 retail locations, Walgreens is a pharmaceutical and health destination serving nearly 10 million customers each day. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor.

Property Facts

Sale Type

Investment NNN

Property Type

Retail

Property Subtype

Drug Store

Building Size

14,218 SF

Building Class

Year Built/Renovated

1993/2010

Price

$6,364,560 CAD

Price Per SF

$447.64 CAD

Cap Rate

NOI

$381,829 CAD

Tenancy

Single

Building Height

1 Story

Building FAR

0.22

Lot Size

1.49 AC

Zoning

C-3R - Commercial

Parking

63 Spaces (4.43 Spaces per 1,000 SF Leased)

Frontage

302’ on W Theo

Bus Line
Corner Lot

Pylon Sign
Signage

Signalized Intersection

Drive Thru

Retailer
99,999 SF
-
Lorem Ipsum
Jan 0000

Walgreens began in 1901 on Chicago's South Side, when pharmacist Charles R. Walgreen Sr. opened a neighborhood drugstore that grew into a national chain. Walgreens later combined with Alliance Boots to form Walgreens Boots Alliance, bringing together retail pharmacy, pharmaceutical wholesaling, and healthcare services under one business. Walgreens Boots Alliance operates an integrated healthcare, pharmacy, and retail model spanning U.S. and international operations, with businesses centered on prescription filling, consumer health products, beauty items, and related services.