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.