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3018 7th Street Bay City, TX 77414

For Sale
$3,805,385

Absolute NNN Leased Walgreens; Excellent Location

Property size:
14,550 SF

Description

Added:
Jan 24, 2025
Days on Market:
321
This offering presents a unique investment opportunity: a 14,550 square foot Walgreens located in Bay City, Texas, on a 1.66-acre lot at a signalized intersection. The property boasts a 13-year absolute NNN lease with zero landlord obligations, providing significant passive income. The lease includes scheduled 5% rental increases every five years, ensuring consistent growth. This fee-simple interest property benefits from its prime location in a dense residential area on 7th Street, surrounded by other major retailers such as H-E-B, Starbucks, and Family Dollar, ensuring high visibility and traffic. The property's hard corner location at a signalized intersection provides excellent access. Bay City, the county seat of Matagorda County, is situated approximately one hour southwest of Houston and only 20 miles from East Matagorda Bay and the Gulf Coast, offering proximity to a major metropolitan area and recreational opportunities. The property's strong tenant, Walgreens, and the lease terms make this an attractive investment in a growing Texas market. The state's income tax-free status further enhances the investment's appeal. This is a rare opportunity to acquire a stable, high-performing commercial property with significant long-term growth potential.

Property Features for 3018 7th Street

General Information

Property type
Other retail properties
Square Feet
14,550 SF
Price / Square Foot
$261
Elevators
N/A
Lot Size
72,310 SF
Net Operating Income
$247,350

Building Details

Buildings
1
Stories
1
Units
1

HighLights

  • Absolute NNN lease with Walgreens; zero landlord responsibilities.
  • 14,550 square foot building on a 1.66‑acre lot in Bay City, TX.
  • Excellent visibility at a signalized intersection in a strong retail area.
Insight Report Location Intelligence

Current Use by Public Records

Walgreens Pharmacy Pharmacy Walgreens Photo Passport Photo Processor Redbox Movie Rental Kiosk FedEx OnSite Mailing Service Janis S. Neal, ... Pharmacy

Suggested Use

Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Clothing Store

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Bay City
State
Texas
Longitude
-95.953773
Latitude
28.98281

FAQs

What type of property is this?
Other retail property - Absolute NNN Leased Walgreens; Excellent Location
Where is this other retail property located?
The property is located at 3018 7th Street Bay City, TX.
What is the asking price?
The asking price for this property is $3,805,385.
What are key features of this property?
This property features: Absolute NNN lease with Walgreens; zero landlord responsibilities.; 14,550 square foot building on a 1.66-acre lot in Bay City, TX.; Excellent visibility at a signalized intersection in a strong retail area.
More about this property
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