Available

$100k Fee – 8% CAP Walgreens in Texas — Low Rent-to-Sales

2315 W WASHINGTON ST | STEPHENVILLE, TX 76401

$3315000 /$100,000

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Available

$100k Fee – 8% CAP Walgreens in Texas — Low Rent-to-Sales

2315 W WASHINGTON ST | STEPHENVILLE, TX 76401

$3315000 /$100,000

8.00% Beds
5.5
$265,000 NNN

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

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