Walgreens for Sale in Alvin, TX
Alvin, TX
Key Investment Metrics
Price
$3,130,925
Cap Rate
6.5%
Net Operating Income
$203,510
Building Size
13905 SF
Land Area
1.46 Acres
Remaining Term
5.5 years
Lease Expiration
01/31/2032
Lease Term
30.0 years
Lease Commencement
01/28/2002
Lease Type
Absolute NNN
Tenant Credit
Corporate Guarantee
Year Built
1999
Occupancy
100%
Tenancy
Single
Rent Increases
Percentage Rent
Property overview
Walgreens in Alvin
Review the reported property and lease details, then request the supporting documents for your acquisition review.
- Building area
- 13,905 SF
- Land area
- 1.46 acres
- Year built
- 1999
- Lease type
- Absolute NNN
- Lease expiration
- 01/31/2032
Confirm current availability, pricing and lease terms through the inquiry form before relying on this listing.
Before you make an offer
Four things to verify
- 1
Lease and guaranty
Request the executed lease and amendments. Identify the legal tenant, guarantor and landlord obligations.
- 2
Income and expenses
Obtain the rent roll and operating statement supporting the advertised NOI and cap rate.
- 3
Property condition
Review survey, title, condition and environmental information relevant to this property.
- 4
Exchange requirements
For a 1031 exchange, confirm eligibility and deadlines with your qualified intermediary and tax adviser.