1515 N Alexander Dr - Drug Store FOR SALE


Baytown, TX 77520
$4,400,000 USD
713-855-0588
1515 N Alexander Dr, Baytown, TX for Sale
$4,400,000 USD
Drug Store - FOR SALE
1/13
null | 8% Cap Rate

1515 N Alexander Dr
Baytown, TX 77520


HIGHLIGHTS

  • Ward Rd and N Alexander Frontage
  • National Tnant
  • Signalized hard corner
  • 100% Absolute net

OVERVIEW

Extremely rare lease duration (62+ years) — most net-lease Walgreens deals on market show 8-15 years remaining. This is a generational hold-term asset that appeals to 1031 buyers under deadline pressure who want to stop the clock on re-trading risk. Zero landlord management burden — ideal for out-of-state or passive capital, a growing buyer segment actively searching net lease listings weekly. Signalized hard corner with strong traffic counts — a durable real estate fundamental even if tenant credit softens over time. Comparable Walgreens NNN sales in Texas have traded between $243–$418/SF — this asset is well positioned within that range. Co-Broke Commission: 2% to listing broker / 2% to cooperating broker (2%/2% split) on any qualified buyer brought to a successful closing. Full offering package, lease abstract, and appraisal summary available with LOI and Proof of funds.

FOR SALE DETAILS

PRICE

$4,400,000 USD

PRICE/SF

$285 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Walgreens

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2014

SPRINKLERS

-

PARKING SPACES

40

LAND DETAILS

LAND ACRES

2.41 AC

LAND SF

104,980 SF

ZONING

-

APN/PARCEL ID

1335030010001

ASK ABOUT THIS PROPERTY

Kate MyhanMyhan Realty LLCMore Info
713-855-0588

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Kate MyhanMyhan Realty LLCMore Info
713-855-0588

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