26482 Us-281 San Antonio, TX 78258
San Antonio, TX - Net Lease Opportunity
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 138
Highlights
- Fee-simple ownership of a Walgreens Pharmacy (Store #13940) in San Antonio, TX.
- 13,650 SF building on a 1.58-acre lot, built in 2012. 25.1-year absolute net lease with Walgreens Boots Alliance (WBA), corporate guarantee.
- Over 13 years remaining lease term; 50 one-year renewal options. $475,000 annual NOI, 6.50% cap rate at $7,307,692 asking price ($535.36/SF).
- 100% occupancy; strong location with 34% population growth within a three-mile radius since construction. Average household income of ~$140,000.
- 2022 reported sales of $2.78 million; estimated gross sales of $8.67 million. Located in a state with no income tax, within the 3rd fastest-growing major metro area in the USA. Estimated 150,000 annual store visits.
Property Details for 26482 Us-281
- Property type
- Retail properties, Drug stores
- Square Feet
- 13,650 SF
- Year Built
- 2012
- Buildings
- 1
- Stories
- 1
- Lot Size (sq. ft)
- 68,825 SF
- Units
- 1
Location Insight
- City
- San Antonio
- County
- Bexar
- State
- Texas
- Latitude
- 29.69243209
- Longitude
- -98.45179399
Nearby Similar for Sale
FAQs
- What type of property is this?
- Retail property - San Antonio, TX - Net Lease Opportunity
- Where is the retail property located?
- The property is located at 26482 Us-281 San Antonio, TX.
- What is the asking price?
- The asking price for this property is $7,307,692.
- What are key features of this property?
- This property features: Fee-simple ownership of a Walgreens Pharmacy (Store #13940) in San Antonio, TX.; 13,650 SF building on a 1.58-acre lot, built in 2012. 25.1-year absolute net lease with Walgreens Boots Alliance (WBA), corporate guarantee.; Over 13 years remaining lease term; 50 one-year renewal options. $475,000 annual NOI, 6.50% cap rate at $7,307,692 asking price ($535.36/SF).
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