1432 Antonio St - Drug Store FOR SALE
Anthony, TX 79821 |
$4,200,000 USD
512-430-4466
1432 Antonio St
Anthony, TX 79821
HIGHLIGHTS
- Rental Escalations – Rare 5% rent increases every five years, providing steady income growth and serving as an effective hedge against inflation
- Long-Term Lease Extension – In 2019, Walgreens executed a rare 15-year lease extension with 5% rent escalations every five years
- Exclusive Pharmacy Presence – As the only national pharmacy within an 8-mi radius, this Walgreens serves approximately 26,405 residents within a 5-mi
- High-Visibility Site – Located just 0.2 miles off I-10, this site benefits from exposure to over ±47,000 vehicles daily, and exceptional frontage
- Income Tax-Free State – Texas offers one of the nation’s most favorable tax climates, as one of only nine states with no state income tax
- El Paso MSA – Situated in the El Paso Metropolitan Statistical Area—the largest economic hub in West Texas and the state’s 6th largest city with over
FOR SALE DETAILS
PRICE
$4,200,000 USD
PRICE/SF
$285 USD /SF
CAP RATE
8.5%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Walgreens
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Drug Store
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2008
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
1.85 AC
LAND SF
80,586 SF
ZONING
-
APN/PARCEL ID
A570-000-0010-0100
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512-430-4466
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512-430-4466
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