Available
$100k Fee – 8% CAP Walgreens in Texas — Low Rent-to-Sales
2315 W WASHINGTON ST | STEPHENVILLE, TX 76401$3315000 /$100,000
Available
$100k Fee – 8% CAP Walgreens in Texas — Low Rent-to-Sales
2315 W WASHINGTON ST | STEPHENVILLE, TX 76401$3315000 /$100,000
This is an opportunity to purchase a well-located, absolute NNN leased Walgreens drugstore in a tax-free state. This property sits adjacent to a high-traffic arterial and is located at a signalized intersection. Across the intersection sits a CVS Pharmacy location.
This Walgreens location was constructed in 2005 in a high traffic retail corridor. Over 19,000 Vehicles Per Day on Highway 377.
The property is surrounded by national retailers national retailers including: Walmart Supercenter, Chick-fil-A, McDonalds, Starbucks, CVS, Taco Bell, T.J. Maxx, Hobby Lobby, Ross Dress for Less, and others.
- Walgreens is willing to extend to 10 years for a modest 10% rent reduction
- NNN lease with no landlord responsibilities
- Low rent at $18/sf
- No state income tax in Texas
- Major national retailers in corridor include: Walmart Supercenter, Chick-fil-A, McDonalds, Starbucks, CVS, Taco Bell, T.J. Maxx, Hobby Lobby, Ross Dress for Less, and others