9005 Navarro StVictoria, TX 77904

Property Details for 9005 Navarro St

Year built

2008

Construction

FRAME

Lot size

1.29 AC

Property size (Sq ft)

14,748 SF

Property type

Outlet malls

APN

55668-001-004R0

APU

55668001004R0

Description

This exceptional investment opportunity presents a single-tenant, net-leased Walgreens pharmacy located at 9005 N Navarro St, Victoria, TX 77904. The 14,820 square-foot building, constructed in 2009, sits on a 1.29-acre lot and enjoys a prominent, signalized corner location with high visibility along North Navarro Street (43,380 vehicles per day). The property benefits from its position in Victoria's Retail Village, an established retail center anchored by Kohl's and Academy Sports + Outdoors, and is surrounded by a dense cluster of major retailers including Lowe's, Sam's Club, Walmart, The Home Depot, Target, Ross, and PetSmart. The strong location is further enhanced by its proximity to Victoria Mall and a population of nearly 53,000 people within a five-mile radius, with an average household income of $95,963 within three miles. The Walgreens lease, an absolute NNN lease with no landlord responsibilities, has a remaining term of 9.2 years, expiring January 31, 2034, and includes ten 5-year renewal options. The property boasts a 6.25% cap rate and a net operating income (NOI) of $352,135, with an asking price of $5,634,160 ($380.17 per square foot). The property's consistent above-average sales volumes and location in the income tax-free state of Texas make this a compelling investment opportunity. Walgreens, a Fortune 500 company and a global leader in retail pharmacy, occupies the property at 100% occupancy. This is a rare chance to acquire a high-performing, stable investment in a prime retail location.

• CAP approach

  CAP return

  Valuation

  6%

  $2,821,996

  6.5%

  $2,604,919

  7%

  $2,418,854

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,389,674

  Geo Method

  $8,446,480

• Alternative Use

  Use

  Valuation

  Residential

  $2,197,347

  Hospitality

  $2,012,758

  Educational

  $1,674,591

  Medical

  $1,732,183

  Retail

  $2,604,919

Location Insight

City

Victoria

County

Victoria

State

Texas

Latitude

28.8787

Longitude

-96.9973

CBSA code

47020

CBSA name

VICTORIA, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].