3018 7Th St Bay City, TX 77414

This exceptional investment opportunity presents a 14,550 square foot Walgreens located at 3018 7th St, Bay City, TX 77414. The property boasts a 13-year absolute triple-net (NNN) lease with Walgreens, commencing September 1, 2022, and expiring August 31, 2035, leaving 10.8 years remaining. The lease includes twelve, 5-year renewal options, ensuring long-term stability. The current asking price is $3,805,385, translating to a price per square foot of $261.54 and a compelling 6.50% cap rate, with a current NOI of $247,350. The lease features scheduled rental increases every five years, providing consistent income growth. This fee-simple interest property sits on a 1.66-acre lot at a signalized intersection, offering excellent visibility and accessibility. The location benefits from its position in a dense residential area and proximity to other major retailers such as H-E-B, Starbucks, and Family Dollar. The property is situated in a major retail trade area and enjoys a highly trafficked location. This is a rare opportunity to acquire a low-maintenance, high-return investment in a strong, income-tax-free state. The property offers zero landlord obligations, providing a passive income stream with built-in growth potential.