2702 W Wheeler Ave Aransas Pass, TX 78336

Listing agency Marcus & Millichap - Nashville

Listed by Jason Hernandez · License #CA 01392646

Source Crexi

Added: Apr 11 Updated: Jul 22 at 12:30AM Checked: Jul 22 at 12:30AM

Report an Issue

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 - Nashville

---

Investment Insights

Based on property information with market context.

The property is leased under a long term Absolute NNN structure described as having no landlord management or maintenance responsibilities whatsoever. The lease is guaranteed by Walgreen Co., a subsidiary of Walgreens Boots Alliance, Inc. Rental terms include 5% rent increases every five years during the original term, plus 12 five-year renewal options if exercised.

The location is a signalized corner at W Wheeler Ave & N Main Street, with visibility from Highway 35. The site is described as being across the street from a Walmart Supercenter and Lowe’s Home Improvement, supporting retail-access considerations for a drive-through lane.

The offering is presented as an absolute NNN Walgreens-related investment with drive-through oriented operation, while stating that certain financial and building details and demographic information are estimates and must be verified during due diligence.

Key Highlights

• Long term absolute NNN lease with no landlord management or maintenance responsibilities
• Lease is guaranteed by Walgreen Co., a subsidiary of Walgreens Boots Alliance, Inc.
• 5% rent increases every 5 years during the original term, plus 12 five‑year renewal options

Property Analytics

Location Intelligence

Similar For Sale Nearby

• 

  $1,625,000

  8,625 SF

  Fully Leased Office/Warehouse

  Office and high-bay warehouse space with drive-thru and multiple roll-up doors, fully leased under long-term terms.

  2020 N Business Highway 35, Aransas Pass, TX 78336

  View Details
• 

  $600,000

  2,232 SF

  Turnkey Bar Investment Opportunity

  Income-producing bar with living space in downtown Aransas Pass.

  337 S Commercial, Aransas Pass, TX 78336

  View Details
• 

  $775,000

  7,124 SF

  Aransas Pass Multifamily Investment Property

  Fully occupied 12-unit property near Aransas Pass High School.

  160 N 13th Street, Aransas Pass, TX 78336

  View Details
• 

  $140,000

  1,080 SF

  Versatile Retail Storefront

  Retail storefront with flexible layout and commercial zoning, currently set up for a beauty salon and suited for service or boutique use.

  217 W Nelson Avenue, Aransas Pass, TX 78336

  View Details
• 

  $399,000

  4,938 SF

  Self-Storage Facility with Multiple Unit Sizes

  Self-storage facility offers both indoor and outdoor units, plus dedicated vehicle parking spaces on a single property site.

  530 W Cleveland Boulevard, Aransas Pass, TX 78336

  View Details
• 

  $179,900

  2,399 SF

  Versatile Office and Studio Space

  Previously operated as a newspaper facility and offered with no equipment included for a flexible office or studio buildout.

  346 S Houston Street, Aransas Pass, TX 78336

  View Details
• 

  $650,000

  4,476 SF

  Income-Producing Coastal 7-Plex

  Income-producing 7-plex near stores, eateries, schools, and parks.

  745 S Arch Street, Aransas Pass, TX 78336

  View Details
• 

  $179,900

  2,399 SF

  Aransas Pass Commercial Property

  Versatile commercial property in a growing coastal community.

  346 S HOUSTON ST, Aransas Pass, TX 78336

  View Details
• 

  $550,000

  7,590 SF

  Self-Storage Facility with Apartment

  Self-storage property offering non-climate units, uncovered parking, and an on-site apartment in Aransas Pass.

  161 S Arch St, Aransas Pass, TX 78336

  View Details
• 

  $725,000

  612 SF

  Turnkey RV Park Investment

  Well-maintained RV park with 14 sites, on-site office, laundry, cabin, and a 30x60 steel building with studio apartment.

  741 Jacoby Lane, Aransas Pass, TX 78336

  View Details
• 

  $700,000

  1,440 SF

  Nearly Finished BBQ Restaurant Space

  Custom-built restaurant with a brick oven wood-burning BBQ setup and open interior ready for your buildout.

  1041 N Commercial Street N, Aransas Pass, TX 78336

  View Details
• 

  $775,000

  7,124 SF

  12-Unit Multifamily Property

  Fully occupied 12-unit residential income property with 1- and 2-bedroom layouts and central electric heat and air.

  160 N 13th Street, Aransas Pass, TX 78336

  View Details

Similar Off Market Nearby

• Walgreens Pharmacy — 2702 W Wheeler Ave, Aransas Pass, TX 78336
• Brandy Rios — 2501 W Wheeler Ave, Aransas Pass, TX 783365916
• Rachel Robinson — 2702 W Wheeler Ave, Aransas Pass, TX 78336
• Walmart Pharmacy — 2501 W Wheeler Ave, Aransas Pass, TX 78336

FAQs

What type of property is this?

Drug store - Long term absolute NNN lease property with Walgreens subsidiary tenant, guaranteed by Walgreen Co., featuring drive-through lane use.

Where is this drug store located?

The property is located at 2702 W Wheeler Ave Aransas Pass, TX.

What are key features of this property?

This property features: Long term absolute NNN lease with no landlord management or maintenance responsibilities; Lease is guaranteed by Walgreen Co., a subsidiary of Walgreens Boots Alliance, Inc.; 5% rent increases every 5 years during the original term, plus 12 five‑year renewal options