Walgreens for Sale in Austin, TX
Austin, TX
Key Investment Metrics
Price
$5,300,000
Cap Rate
7.5%
Net Operating Income
$404,004
Building Size
13227 SF
Land Area
2.07 Acres
Remaining Term
3.0 years
Lease Expiration
12/31/2028
Lease Term
25.0 years
Lease Commencement
01/01/2004
Lease Type
NNN
Year Built
2003
Occupancy
100%
Tenancy
Single
Rent Increases
No
Property overview
Walgreens in Austin
Review the reported property and lease details, then request the supporting documents for your acquisition review.
- Building area
- 13,227 SF
- Land area
- 2.07 acres
- Year built
- 2003
- Lease type
- NNN
- Lease expiration
- 12/31/2028
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.