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Views: 57 DOM: 163 Updated: 06.25.24 Posted: 01.31.24 Status: Active

Summary

Price $4,600,000
Built/Renov 1993/2010
Tenant Walgreens
Cap Rate 6.00%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 14,218
Lease Start 11-21-2023
#Units 13,532
Price/SF $323.53
Expiration 11-30-2038
Tenant Type Pharmacy
NOI $275,968
R. Term 14.4
Ownership Fee Simple
Rent/SF $19.41
Increases 5.0%/5/yrs
Pop 5Mi 310,369
Lot/AC 1.49
Options 12/5yrs/5%
AHHI 5Mi $58,735

Lease Highlights

  • Walgreens recently executed a brand-new 15-year lease with 12 (5-year) options to extend
  • The lease features 5% rental increases every 5 years throughout the initial term and each option period
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guarantee | Investment grade tenant

Location Description

Walgreens is strategically located at the signalized, hard corner intersection of Nogalitos Street/State Hwy 353 and West Theo Avenue, with a combined daily traffic count of i32,500 vehicles. Nogalitos Street plays a vital role as the primary retail thoroughfare catering to the southern part of San Antonio and also offers convenient access to major highways such as I-35 (157,600 VPD), I-10...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

About Tenant

Walgreens is an American company that operates the second-largest pharmacy store chain in the United States. It specializes in filling prescriptions, health and wellness products, health...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 18,673 132,287 308,379
2023 Total Population : 19,410 134,058 310,369
2023 Employed Civilian Pop : 8,362 52,719 124,225
2023 Total Businesses : 293 4,372 11,021
2023 Average Household Income : $ 60,253 $ 56,818 $ 58,735
2023 Total Consumer Spending : $ 359 M $ 2374 M $ 5809 M
2023 Median Age : 37 35 35
2023 Total Households : 6,646 46,755 110,964
2023 Pop Age 25+: Bachelor's Degree : 916 5,723 15,883
2023 Average Home Value : $ 160,907 $ 184,880 $ 191,429
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Nogalitos Street Taft Blvd 2021 15,637 0.03 mi
Nogalitos Street W Theo Ave 2020 14,514 0.03 mi
Nogalitos St Hearne Ave 2011 15,800 0.10 mi
W Malone Nogalitos St 2010 6,190 0.11 mi
Hearne Ave Marian St 2004 909 0.12 mi
Cavalier Ave Garland St 2014 900 0.14 mi
Cottonwood Ave Ferndale St 2006 917 0.14 mi
W Theo Ave Nunes St 2013 13,899 0.16 mi
Nunes St Eldorado St 2005 1,060 0.19 mi
Jennings Ave Marian St 2006 1,372 0.23 mi

Listing Broker

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