12225 Highway 6 - Drug Store FOR SALE


Fresno, TX 77545- Teal Run
$3,900,786 USD
510-388-4438
12225 Highway 6, Fresno, TX for Sale
$3,900,786 USD
Drug Store - FOR SALE
1/4
null | 7% Cap Rate

12225 Highway 6
Fresno, TX 77545
Teal Run


HIGHLIGHTS

  • Absolute NNN Lease with Zero Landlord Responsibilities
  • Scheduled Rental Increases Every 5 Years
  • Income Tax Free State
  • Long-Term Tenant Commitment With Walgreens Operating Since 2008
  • Corporate Guarantee Backed By Walgreens Boots Alliance (NASDAQ: WBA)
  • Signalized Intersection With ±32,000 Vehicles Per Day Along State Highway 6

OVERVIEW

The Kase Group is pleased to present the opportunity to acquire a Walgreens located in Fresno, Texas. The ±14,234 square foot building is situated on a ±1.99-acre parcel and is secured by an Absolute NNN lease with zero landlord responsibilities. The lease is backed by Walgreens Boots Alliance (NASDAQ: WBA) and expires in 2038. The agreement includes twelve 5-year renewal options with 5% rental increases at each extension. Strategically located at a signalized intersection along Highway 6, the property benefits from excellent visibility with traffic counts exceeding 32,000 vehicles per day. The surrounding trade area features a strong mix of national tenants including Kroger, CVS, Dollar Tree, O’Reilly Auto Parts, AutoZone, Whataburger, McDonald’s, and Valero. Fresno is located in Fort Bend County, one of the fastest growing counties in Texas. The area is supported by established and master-planned communities including Teal Run, Winfield Lakes, and Sienna. Within a 3-mile radius, the population exceeds 58,000 residents with an average household income of more than $116,000. The property is also located near local medical clinics including Clinica San Miguel and Fresno Arcola Family Medical Clinic, both within one mile of the site.

FOR SALE DETAILS

PRICE

$3,900,786 USD

PRICE/SF

$274 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Absolute NNN Leased Walgreens

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2003

SPRINKLERS

-

PARKING SPACES

74

LAND DETAILS

LAND ACRES

1.99 AC

LAND SF

86,684 SF

ZONING

X

APN/PARCEL ID

0086-86-027-0306-907

ASK ABOUT THIS PROPERTY

Jeff BraccoThe Kase GroupMore Info
510-388-4438

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Jeff BraccoThe Kase GroupMore Info
510-388-4438

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