Walgreens Drugstore
For Sale
Contact for pricing
Pending
1620 S Gordon St, Alvin, TX 77511
Six retail pharmacy properties offered together under absolute NNN leases with no landlord responsibilities.
Property Size87,085 SF
Lot Size10.86 Acres
Days on Market142
Property Features for 1620 S Gordon St
General Information
Standard status
Pending
Size
87,085 SF
Lot size
10.86 Acres
Property subtype
Retail
Additional Details
Corner Location
Yes
Building Details
Buildings
6
Listing Agency:
Marcus & Millichap - Oklahoma City
(786) 522-7017
Listed By:
Tim Speck · License #149994
Source:
Crexi
Added: Apr 11
Changed: Aug 29
Last Checked: Aug 29 at 8:31PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Oklahoma City
Investment Insights
Based on property information with market context.
This portfolio includes six Walgreens drugstore properties totaling 87,085 square feet of retail space across 10.86 acres in five states. The properties are occupied under absolute NNN leases, with Walgreen Co. serving as the lease guarantor and no landlord responsibilities required under the lease structure.
Each lease has 7 years remaining in its base term, followed by 10 extension options of 5 years each. The leases share common expiration dates and are cross-collateralized by a single non-recourse loan with a maturity date aligned with the lease expirations. All six locations are positioned at hard-corner signalized intersections, providing a consistent access and visibility characteristic across the portfolio.
Each lease has 7 years remaining in its base term, followed by 10 extension options of 5 years each. The leases share common expiration dates and are cross-collateralized by a single non-recourse loan with a maturity date aligned with the lease expirations. All six locations are positioned at hard-corner signalized intersections, providing a consistent access and visibility characteristic across the portfolio.
Key Highlights
- Six Walgreens drugstore properties across five states
- 87,085 square feet of retail space on 10.86 acres
- Absolute NNN leases with no landlord responsibilities
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
530
Businesses Nearby
127k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 31%
Shops & Services 29%
Groceries 25%
Home Improvements & Furnishings 15%
H-E-B
Groceries
31,356 visits/mo
0.1 miles
SONIC Drive In
Dining
17,795 visits/mo
0.3 miles
Tractor Supply Co.
Home Improvements & Furnishings
12,353 visits/mo
0.5 miles
H-E-B Fuel
Shops & Services
9,602 visits/mo
0.1 miles
Dollar General
Shops & Services
7,998 visits/mo
0.4 miles
Demographics for 77511, TX
51,093
Population
20,499
Households
2.5
Avg Household Size
37
Median Age
19%
College-Educated
83%
High-School Grad
150.1 sq mi
ZIP Area
340
Density / Sq Mi
$77,015
Median Household Income
$43,119
Median Earnings
$1,213
Median Rent
$218,100
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Similar Off Market Nearby
- GNC — 3118 S Gordon St, Alvin, TX 77511
- Kroger Pharmacy — 3100 S Gordon St, Alvin, TX 77511
- Medic One Pharmacy — 1701 Fairway Dr #3a, Alvin, TX 77511
- Nutrition World - Alvin — 1701 Fairway Dr Suite 5, Alvin, TX 77511
- Walgreens Pharmacy — 1620 S Gordon St, Alvin, TX 77511
Frequently Asked Questions
What type of property is this?
Drug store - Six retail pharmacy properties offered together under absolute NNN leases with no landlord responsibilities.
Where is this drug store located?
The property is located at 1620 S Gordon St Alvin, TX.
What are key features of this property?
This property features: Six Walgreens drugstore properties across five states; 87,085 square feet of retail space on 10.86 acres; Absolute NNN leases with no landlord responsibilities
