For Sale
$3,805,385

3018 7th Street Bay City, TX 77414

Absolute NNN Leased Walgreens; Excellent Location

Overview

Added:
Jan 24
Days on market:
88
This offering presents a unique investment opportunity: a 14,550 square foot Walgreens located in Bay City, Texas, on a 1.66-acre lot at a signalized intersection. The property boasts a 13-year absolute NNN lease with zero landlord obligations, providing significant passive income. The lease includes scheduled 5% rental increases every five years, ensuring consistent growth. This fee-simple interest property benefits from its prime location in a dense residential area on 7th Street, surrounded by other major retailers such as H-E-B, Starbucks, and Family Dollar, ensuring high visibility and traffic. The property's hard corner location at a signalized intersection provides excellent access. Bay City, the county seat of Matagorda County, is situated approximately one hour southwest of Houston and only 20 miles from East Matagorda Bay and the Gulf Coast, offering proximity to a major metropolitan area and recreational opportunities. The property's strong tenant, Walgreens, and the lease terms make this an attractive investment in a growing Texas market. The state's income tax-free status further enhances the investment's appeal. This is a rare opportunity to acquire a stable, high-performing commercial property with significant long-term growth potential.

Highlights

  • Absolute NNN lease with Walgreens; zero landlord responsibilities.
  • 14,550 square foot building on a 1.66-acre lot in Bay City, TX.
  • Excellent visibility at a signalized intersection in a strong retail area.

Property Details for 3018 7th Street

Property type
Retail properties
Square Feet
14,550 SF
Price / Square Foot
$261.54
Buildings
1
Stories
1
Elevators
N/A
Lot Size (sq. ft)
72,310 SF
Units
1
Net Operating Income
$247,350

Location Insight

City
Bay City
County
State
Texas

FAQs

What type of property is this?
Retail property - Absolute NNN Leased Walgreens; Excellent Location
Where is the retail property located?
The property is located at 3018 7th Street Bay City, TX.
What is the asking price?
The asking price for this property is $3,805,385.
What are key features of this property?
This property features: Absolute NNN lease with Walgreens; zero landlord responsibilities.; 14,550 square foot building on a 1.66-acre lot in Bay City, TX.; Excellent visibility at a signalized intersection in a strong retail area.
How can I contact the broker?
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3018 7th Street
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