Walgreens | Bryan, TX

Retail

3312 E. 29th Street Bryan, TX
Price:
$ 7,275,630
Property Size:
15,019 sqft
Cap Rate:
5.95
NOI:
$ 432,900
Lot Size:
1.50 acres
Year Built:
2001
Status:
Sale

EXCEPTIONALLY STRONG PERFORMING UNIT
The Subject Property boasts an exceptionally strong sales history. Inquire with broker for additional details.

24 HOUR STORE, LOCATED WITHIN BRYAN/COLLEGE STATION’S
PREMIER MEDICAL CORRIDOR
The Subject Property is a rare 24hour store, and located within Bryan/College Station’s premier medical corridor, which includes healthcare anchors such as CHI St. Joseph Regional Hospital.

10.75 YEARS REMAINING OF FIRM LEASE TERM
The Subject Property provides investors with a long term 10+ year remaining lease, which is accompanied by eight, five year renewal options thereafter.

UNIVERSITY (TEXAS A&M) MARKET LOCATION
The Subject Property is located approximately 3 Miles from Texas A&M University, and less than one mile from Blinn College.

INVESTMENT GRADE CREDIT TENANT
Walgreens Boots Alliance, Inc. holds an investment grade credit rating of BBB with Standard & Poor’s. As of August 31, 2019, Walgreens has Revenues of $136.9 Billion and a tangible net worth of $12.6 Billion.

STRONG INCOME TAX-FREE TEXAS MARKET
Subject Property is located in the in the Bryan-College Station market which is a rapidly growing region with consistent year-over-year growth. The current population of the region is nearly 300,000 with no indication of growth slowing down.

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The information contained herein has been obtained from sources deemed reliable or implied, is made with respect to such information. Terms of sale or lease and availability are subject to change or withdrawal without notice.

Exclusive Listing

D. Andrew Ragsdale, Esq.
Senior Managing Director
918.878.9535
Ken Hedrick
Executive Managing Director
918.878.9540
Jerry Hopkins
Executive Managing Director
918.878.9536

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