2315 Washington St Stephenville, TX 76401

This exceptional investment opportunity presents a single-tenant, net-leased Walgreens pharmacy located at 2315 W Washington St, Stephenville, TX 76401. The 14,729 square foot building, constructed in 2005, sits on a 1.89-acre lot and boasts a strong 8.00% cap rate, generating a net operating income (NOI) of $265,000. The current lease with Walgreens, a credit-rated tenant with a corporate guarantee, expires July 31, 2030, offering a remaining term of 5.7 years with a 10 x 5 year lease extension option available at a modest rent reduction. The property benefits from a low rent of $18 per square foot and is strategically positioned in a high-traffic retail corridor with over 19,000 vehicles per day on Highway 377. This prime location is further enhanced by its proximity to a signalized intersection and neighboring national retailers including Walmart, Chick-fil-A, McDonald's, Starbucks, CVS, Taco Bell, T.J. Maxx, Hobby Lobby, and Ross Dress for Less. The asking price is $3,315,000, representing a price per square foot of $225.07. This is a compelling investment opportunity in tax-free Texas, offering a stable income stream and significant long-term potential. The property is a single-story building.