1432 Antonio StAnthony, TX 79821

Property Details for 1432 Antonio St

Year built

2008

Lot size

1.85 AC

Property size (Sq ft)

14,736 SF

Zone code

C-1

Property type

Drug stores

APN

A570-000-0010-0100

APU

A57000000100100

Description

This exceptional investment opportunity presents a 14,820-square-foot Walgreens pharmacy located in Anthony, Texas, on a 2.02-acre lot. Built in 2008 as a build-to-suit, this property boasts a strong absolute net lease with 10 years remaining and twelve 5-year renewal options, featuring 5% rental increases every five years. The next increase is scheduled for June 2024. The property enjoys a 7.50% cap rate and a substantial NOI of $357,000, with an asking price of $4,760,000 ($321.19/sq ft). Situated on Antonio Street, this location benefits from high visibility and traffic, exceeding 9,200 vehicles per day, and a dedicated turn lane. Its strategic position near Interstate 10/US-180 (36,000+ vehicles daily) and proximity to major travel centers (Pilot, Love's, Flying J) ensures consistent high traffic. The area also features numerous national brands, including KFC, Dollar Tree, and others. Furthermore, the property's location benefits from strong demographics, with a population exceeding 28,600 within a 5-mile radius, projected to grow by 2027. The Walgreens location itself ranks in the 78th percentile nationwide for visitor traffic (Placer.ai), further highlighting its exceptional performance and potential for continued growth. This is a rare opportunity to acquire a high-performing, stable investment in a prime location.

Location Insight

City

Anthony

County

El Paso

State

Texas

Latitude

31.9983

Longitude

-106.587

CBSA code

21340

CBSA name

EL PASO, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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