496 Highway 96 S - Drug Store FOR SALE


Silsbee, TX 77656
$5,411,536 USD
786-566-1446
496 Highway 96 S, Silsbee, TX for Sale
$5,411,536 USD
Drug Store - FOR SALE
1/8
null | 6.9% Cap Rate

496 Highway 96 S
Silsbee, TX 77656


OVERVIEW

We are pleased to present for sale this Absolute Net Leased Walgreens located at 496 Highway 96 S in Silsbee, just North of Beaumont, Texas. The subject property consists of a 14,550 SF free-standing building with a drive-thru and is situated on a large 1.71-acre parcel of land. Strategically located on the hard signalized intersection of 5th Street and W/E Avenue North, the property benefits from incredible visibility to traffic counts exceeding 25,460 per day. The Walgreens sits along a major thoroughfare and benefits from the proximity to Highway 96, which sees more than 16,925 vehicles per day and Silsbee’s Elementary and Highschool. The immediate trade area is also home to McDonald’s, Taco Bell, Subway, Jack in the Box, Exxon, KFC, Whataburger, Sonic, AutoZone, Walmart, and numerous other National and Regional Tenants. Walgreens originally signed a 25-year Absolute NNN lease in 2010 and currently has over 10 years of initial term remaining with ten 5-year options to renew. Walgreens is a publicly traded company that operates the secondlargest pharmacy store chain in the United States, behind CVS Health. It specializes in filling prescriptions, health and wellness products, and numerous other services with more than 8,200 locations across the U.S, District of Colombia, Puerto Rico, and Guam. The company also operates worksite health centers, home care facilities, and specialty and mail service pharmacies.

FOR SALE DETAILS

PRICE

$5,411,536 USD

PRICE/SF

$372 USD /SF

CAP RATE

6.9%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2010

SPRINKLERS

-

PARKING SPACES

70

LAND DETAILS

LAND ACRES

1.71 AC

LAND SF

74,488 SF

ZONING

C-2

APN/PARCEL ID

004100-003955

ASK ABOUT THIS PROPERTY

Ronnie IssenbergSurmountMore Info
786-566-1446

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Ronnie IssenbergSurmountMore Info
786-566-1446

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