510 N Alamo Rd - Freestanding FOR SALE


Alamo, TX 78516
$3,140,000 USD
480-221-4221
510 N Alamo Rd, Alamo, TX for Sale
$3,140,000 USD
Freestanding - FOR SALE
1/6
null | 9.5% Cap Rate

510 N Alamo Rd
Alamo, TX 78516


HIGHLIGHTS

  • Dark & Paying Rent | Over 13 Years Remaining | Corporate Signed | Scheduled Rental Increases
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Interstate 2 (649,000 SF) | Alamo Corners Center (67,000 SF) |HEB Shopping Center (234,000 SF) | Primary Retail Corridor
  • Strong Demographics in 5-Mile Trade Area

OVERVIEW

• Over 13 years remaining on lease, tenant paying rent while dark • Lease is corporate signed by Walgreen Co. • Features 5% rental increases every 5 years throughout initial term, growing NOI and hedging against inflation

FOR SALE DETAILS

PRICE

$3,140,000 USD

PRICE/SF

$219 USD /SF

CAP RATE

9.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dark Walgreens | 13+yrs Remain | Paying Rent

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2009

SPRINKLERS

-

PARKING SPACES

63

LAND DETAILS

LAND ACRES

1.39 AC

LAND SF

60,548 SF

ZONING

Commercial

APN/PARCEL ID

W0281-00-000-0001-00

ASK ABOUT THIS PROPERTY

Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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