3614 S 31st St - Drug Store FOR SALE


Temple, TX 76502
$3,637,000 USD
972-755-5205
3614 S 31st St, Temple, TX for Sale
$3,637,000 USD
Drug Store - FOR SALE
1/4
null | 8.25% Cap Rate

3614 S 31st St
Temple, TX 76502


HIGHLIGHTS

  • Recent Lease Extension | Tenant Exercised Second Option | 9.8 Years Remaining
  • Large 1.77 Acre Parcel | Dual-Street Frontage on South 31st Street and Marlandwood Road (Combined 37,729 VPD)
  • Positioned Within Retail Corridor Anchored by Walmart Supercenter and Temple Mall
  • Direct Connectivity to H K Dodgen Loop (51,733 VPD) — Temple’s Primary Bypass Linking Regional Retail and Residential Growth
  • 640-Bed Baylor Scott & White Medical Center and 115-Bed McLane Children’s Hospital Within 1 Mile
  • 83,180 Residents & 99,051 Daytime Population Driven by Healthcare and Retail Employment (5-Mile Radius)

OVERVIEW

Offered for sale is a double net lease Walgreens located in Temple, Texas. The tenant has exercised its second renewal option, extending the lease term and demonstrating continued commitment to the site, which operates as a corporate-guaranteed store. The 13,573-square-foot property sits on a 1.77-acre parcel with dual-street frontage along South 31st Street and Marlandwood Road (combined 37,729 VPD) and is positioned within a primary retail corridor anchored by Walmart Supercenter and Temple Mall. The site benefits from direct connectivity to H K Dodgen Loop and proximity to major healthcare facilities, including Baylor Scott & White Medical Center and McLane Children’s Medical Center, supporting consistent traffic from surrounding retail and medical demand.

FOR SALE DETAILS

PRICE

$3,637,000 USD

PRICE/SF

$241 USD /SF

CAP RATE

8.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Walgreens (37,729 VPD)

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1996

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.77 AC

LAND SF

77,101 SF

ZONING

-

APN/PARCEL ID

234030

ASK ABOUT THIS PROPERTY

Vincent KnippKnipp Wolf Net Lease Group | Marcus & MillichapMore Info
972-755-5205

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Vincent KnippKnipp Wolf Net Lease Group | Marcus & MillichapMore Info
972-755-5205

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