701 S Buddy Hayes Blvd - Drug Store FOR SALE


Anna, TX 75409
$6,148,000 USD
972-755-5205
701 S Buddy Hayes Blvd, Anna, TX for Sale
$6,148,000 USD
Drug Store - FOR SALE
1/5
null | 5.4% Cap Rate

701 S Buddy Hayes Blvd
Anna, TX 75409


HIGHLIGHTS

  • Triple-Net Lease With 12.9 Years Remaining | 2023 Build With Modern Lease Structure Incorporating Rent Increases
  • 2,500%+ Population Growth Since 2000 | One of the Fastest-Growing Cities in North Texas
  • Signalized Corner Location Near U.S. Highway 75 (78,811 VPD) With Direct Corridor Access
  • Positioned Within Walmart-Anchored Retail Corridor With National Co-Tenancy
  • Affluent Trade Area With $147,837 Average Household Income
  • 116,814 Residents Within 10 Miles With +19.42% Projected Growth

OVERVIEW

Offered for sale is a triple-net leased Walgreens located in Anna, Texas. The property was constructed in 2023 and features a modern lease structure with scheduled rent escalations. It is positioned at the signalized intersection of W White Street and Buddy Hayes Boulevard, just off U.S. Highway 75, within a Walmart-anchored retail corridor with national co-tenancy. The surrounding trade area includes 116,814 residents within a 10-mile radius and is projected to grow by 19%. The area is supported by strong household incomes and ongoing residential development.

FOR SALE DETAILS

PRICE

$6,148,000 USD

PRICE/SF

$618 USD /SF

CAP RATE

5.4%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Walgreens (Rent Increases Every 5-Years)

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.25 AC

LAND SF

54,450 SF

ZONING

C

APN/PARCEL ID

R-9380-00A-0040-1

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.