Log In/Sign Up
Your email has been sent.
Walgreens 2735 S State Hwy 14,820 SF Retail Building Gatesville, TX 76528 $4,847,705 CAD ($327.11 CAD/SF) 6.25% Cap Rate
Investment Highlights
- Absolute NNN Lease with Rental Growth
- Prime Retail Corridor with High-Traffic Neighboring Anchors
- Strong Corporate Guarantee
- Strong Demographics with Growing Consumer Base
Executive Summary
Surmount is pleased to present the exclusive listing for a Walgreens located at 2735 S State Hwy, Gatesville, TX 76528. The site consists of roughly 14,820 rentable square feet of building space on an estimated 1.36-acre parcel of land. This Walgreens is subject to a 15-year Triple Net (NNN) lease, which commenced 2/23/2023. The current annual rent is $222,300 and has scheduled increases of 5.00% every 5 years.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
14,820 SF
Building Class
C
Year Built
2016
Price
$4,847,705 CAD
Price Per SF
$327.11 CAD
Cap Rate
6.25%
NOI
$302,982 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.25
Lot Size
1.36 AC
Nearby Major Retailers
Property Taxes
| Parcel Number | 145799 | Improvements Assessment | $756,773 CAD |
| Land Assessment | $468,209 CAD | Total Assessment | $1,224,982 CAD |
Property Taxes
Parcel Number
145799
Land Assessment
$468,209 CAD
Improvements Assessment
$756,773 CAD
Total Assessment
$1,224,982 CAD
1 of 4
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
Walgreens | 2735 S State Hwy
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.