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Walgreens 110 S SW Loop 323
14,820 SF Retail Building Tyler, TX 75702 $5,888,484 CAD ($397 CAD/SF) 9.15% Cap Rate
Investment Highlights
- 10+ Years remaining in initial term
- Dominent Intersection with more than 300,000 SF of retail
- Walgreens Corporate Guarantee | Investment Grade Tenant
Executive Summary
Marcus & Millichap is pleased to exclusively offer a 15,180-squarefoot freestanding Walgreens situated on 1.93 acres in Tyler,
Texas. Located 95 miles east of Dallas on Interstate 20, Tyler is the largest community (MSA Population: 218,842) in East Texas. Built-in 2008, Walgreens signed a 25-year absolute NNN lease which has 10+ years of primary term remaining. The property is ideally positioned at the signalized hard corner intersection of S Southwest Loop 323 and Erwin Street (Combined Traffic Count: 45,370 VPD), which serve as two of the area’s preeminent thoroughfares immediately adjacent to a parcel occupied by Chase Bank and McDonald’s. All four corners of the immediate intersection are heavily developed, with more than 300,000 square feet of retail, including Walmart Supercenter across SSW Loop 323 and Super 1 Foods across Erwin Street. Other major retailers with a presence in the immediate area include Sherwin Williams, CATO, Payless ShoeSource, Aaron’s, CVS, AutoZone, Starbucks, Dollar Tree, Rainbow, Gamestop, McDonald’s, Whataburger, Sonic, Church’s Chicken, Subway, IHOP, Popeye’s, and Verizon among many others. Additionally,
the site is situated within one of the area’s preeminent retail and commercial corridors with more than 1.9 MSF of retail and 1.4 MSF of office, 1.1 MSF of industrial space, and 2,110 units within a 3-mile radius. Further, the site is within walking distance of the 120-bed Greenbriar Nursing & Rehabilitation Center and a Fresenius Medical Care dialysis facility providing Walgreens with a built-in customer base. The site is also proximate to some of the area’s main points of interest, such as John Tyler High School (Enrollment: 2,000+ students)—1.5 miles, Downtown Tyler—3.2miles, and the 404-bed Mother Frances Hospital—3.3 miles. Reach out to listing agent for Offering Memorandum.
Property Facts
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
-
- Retailer
- 14,820 SF
- -
- Net
- Oct 2033
Walgreens est une destination de santé locale fiable et pratique sur laquelle des millions d'Américains comptent chaque jour. Leur fondateur, Charles R. Walgreen père, était connu pour avoir trouvé de nouvelles façons de communiquer avec les clients sur un plan personnel et pour traiter chaque personne comme un invité dans sa propre maison. Depuis plus d'un siècle, ils ont élargi ce lien personnel grâce à leur réseau de pharmacies de quartier et à leurs produits et services de santé novateurs. Le fondement de tout cela repose sur leur expertise pharmaceutique de confiance et les membres de leur équipe qui fournissent des soins essentiels qui aident les gens à obtenir de meilleurs résultats en matière de santé à un coût abordable.
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
|
|
Retailer | 14,820 SF | - | Net | Oct 2033 |
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 1-50000-1254-00-003080 | Improvements Assessment | $1,156,962 CAD |
| Land Assessment | $1,719,217 CAD | Total Assessment | $2,876,180 CAD |
PROPERTY TAXES
Presented by
Walgreens | 110 S SW Loop 323
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