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Walgreens Absolute NNN Lease 3018 7th St

14,550 SF Retail Building Bay City, TX 77414 $5,411,258 CAD ($372 CAD/SF) 6.50% Cap Rate

Drug Stores Texas Bay City 3018 7th St, Bay City, TX 77414

Investment Highlights

  • 13 Year Absolute NNN Lease with Scheduled 5% Rental Increases
  • 100% Fee Simple Interest
  • Hard Corner Location
  • Zero Landlord Obligations
  • Major Retail Trade Area
  • Heavily Trafficked Location

Executive Summary

This is the opportunity to purchase a long term Absolute NNN Leased Walgreens. The lease calls for zero landlord obligations and is corporately guaranteed. The property benefits from scheduled rental increases every 5 years consistent with the following rental schedule: a rental increase in year 6, a rental increase in year 11 and a rental increase at each option period. This site has excellent access and visibility on a hard corner at a signalized intersection. Walgreens benefits from its position in dense residential area of 7th Street. The surrounding retailers include H-E-B, Starbucks, Family Dollar, and more

Attachments

Walgreens - Bay City, TX

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
14,550 SF
Building Class
C
Year Built
2005
Price
$5,411,258 CAD
Price Per SF
$372 CAD
Cap Rate
6.50%
NOI
$351,732 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.20
Lot Size
1.66 AC
1 of 1
Walk Score ®
Very Walkable (74)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

Nearby Major Retailers

CrossFit
La Michoacana Meat Market
H-E-B
Starbucks
Chili's Grill & Bar
ColorTyme
Rent-A-Center
Anytime Fitness

PROPERTY TAXES

Parcel Number 43692 Improvements Assessment $2,182,893 CAD
Land Assessment $274,569 CAD Total Assessment $2,457,462 CAD

PROPERTY TAXES

Parcel Number
43692
Land Assessment
$274,569 CAD
Improvements Assessment
$2,182,893 CAD
Total Assessment
$2,457,462 CAD
(510) 388-4438

Contacts

  • Listing ID: 31391575

  • Date on Market: 2024-04-02

  • Last Updated:

  • Address: 3018 7th St, Bay City, TX 77414

The Retail Property at 3018 7th St, Bay City, TX 77414 is currently available for sale. Contact The Kase Group for more information.

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Walgreens Absolute NNN Lease | 3018 7th St
(510) 388-4438 x

Walgreens Absolute NNN Lease | 3018 7th St

1/2

Jeff Bracco

(510) 388-4438

(510) 388-4438

Kase Abusharkh

(925) 348-1844

(925) 348-1844

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