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7610 Mcpherson Rd
Laredo, TX 78041
Walgreens · Retail Property For Sale
Investment Highlights
- The Property ranks in the top 94% of Walgreens locations by foot traffic on both a state and national level, according to Placer.ai.
- Walgreens is operating under a 15-year Absolute NNN lease with (12) 5-year renewal options, potentially extending the lease through 2097.
- The area within a 5-mile radius of Walgreens is comprised of 11.1M square feet of retail, with an additional 435K SF currently under construction.
- As one of only two Walgreens locations serving the Laredo area, the Property consistently outperforms the second location in foot traffic (Placer.ai)
- The lease also features an upcoming 5% rent increase in July 2027 and 5% every five years thereafter.
- Located less than 3 miles from the U.S.-Mexico border, the Property benefits from cross-shopping bolstered by transient international consumers.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
14,250 SF
Building Class
B
Year Built
2008
Price
$9,537,797 CAD
Price Per SF
$669.32 CAD
Cap Rate
6.25%
NOI
$596,112 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.27
Lot Size
1.23 AC
Zoning
B-3
Parking
69 Spaces (4.84 Spaces per 1,000 SF Leased)
Frontage
225’ on McPherson Ave
Property Taxes
| Parcel Number | 397029 | Improvements Assessment | $923,173 CAD |
| Land Assessment | $1,578,809 CAD | Total Assessment | $2,501,982 CAD |
Property Taxes
Parcel Number
397029
Land Assessment
$1,578,809 CAD
Improvements Assessment
$923,173 CAD
Total Assessment
$2,501,982 CAD
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