1201 Ferris Ave - Drug Store FOR SALE


Waxahachie, TX 75165
$5,659,803 USD
312-961-1743
1201 Ferris Ave, Waxahachie, TX for Sale
$5,659,803 USD
Drug Store - FOR SALE
1/5
null | 6.25% Cap Rate

1201 Ferris Ave
Waxahachie, TX 75165


HIGHLIGHTS

  • Absolute NNN / 9+ Yrs. Remaining
  • 5% rental increases every 5 years
  • Suburb of Dallas/FW

OVERVIEW

R. Peter Giadla of Seneca Real Estate Group, LLC in co-operation with Northmarq Commercial, is pleased to present to qualified investors the opportunity to acquire single-tenant Walgreens property located at 1201 Ferris Avenue in Waxahachie, Texas. The Property consists of a 15,153-square-foot building situated on 1.47 acres, constructed in 2001. Walgreens is operating under an absolute NNN lease with zero landlord responsibilities, providing investors with a completely passive and stable income stream. The lease commenced 11/9/2020 and extends through 11/30/2035. with 12 / 5 yr. renewal options through 2095, at 5% rental increases every 5 years. For further interest, please reach to LA. Full OM to follow shortly.

FOR SALE DETAILS

PRICE

$5,659,803 USD

PRICE/SF

$374 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Walgreens

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

ADD'L SUBTYPES

Convenience Store, Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2001

SPRINKLERS

-

PARKING SPACES

50

LAND DETAILS

LAND ACRES

1.47 AC

LAND SF

64,033 SF

ZONING

F1

APN/PARCEL ID

176943

ASK ABOUT THIS PROPERTY

R. Peter Giadla , CCIMSeneca Real Estate Group, LLCMore Info
312-961-1743

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R. Peter Giadla , CCIMSeneca Real Estate Group, LLCMore Info
312-961-1743

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.