2735 S State Hwy - Drug Store FOR SALE


Gatesville, TX 76528
$3,556,800 USD
910-670-9153
2735 S State Hwy, Gatesville, TX for Sale
$3,556,800 USD
Drug Store - FOR SALE
1/3
null | 6.25% Cap Rate

2735 S State Hwy
Gatesville, TX 76528


HIGHLIGHTS

  • Absolute NNN Lease with Rental Growth
  • Strong Corporate Guarantee
  • Prime Retail Corridor with High-Traffic Neighboring Anchors
  • Strong Demographics with Growing Consumer Base

OVERVIEW

Surmount is pleased to present the exclusive listing for a Walgreens located at 2735 S State Hwy, Gatesville, TX 76528. The site consists of roughly 14,820 rentable square feet of building space on an estimated 1.36-acre parcel of land. This Walgreens is subject to a 15-year Triple Net (NNN) lease, which commenced 2/23/2023. The current annual rent is $222,300 and has scheduled increases of 5.00% every 5 years.

FOR SALE DETAILS

PRICE

$3,556,800 USD

PRICE/SF

$296 USD /SF

CAP RATE

6.25%

% 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

2016

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.36 AC

LAND SF

59,242 SF

ZONING

-

APN/PARCEL ID

145799

ASK ABOUT THIS PROPERTY

Vincenzo RendaSurmountMore Info
910-670-9153

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Vincenzo RendaSurmountMore Info
910-670-9153

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