San Antonio Walgreens Investment
For Sale
Contact for pricing
2710 Nogalitos St, San Antonio, TX
NNN leased Walgreens in San Antonio with corporate guarantee.
Property Size14,218 SF
Lot Size1.58 Acres
Price / SF$323.53
Days on Market520
Property Features for 2710 Nogalitos St
General Information
Standard status
Active
Size
14,218 SF
Lot size
1.58 Acres
Property subtype
RETAIL
Listing Agency:
SRS Industrial - Newport Beach
(949) 698-1116
Listed By:
Matthew Mousavi · License #CA 01732226
(949) 698-1116
Source:
Moodyscre
Added: Feb 25, 2025
Changed: Jul 10
Last Checked: Jul 21 at 6:25AM
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 SRS Industrial - Newport Beach
Investment Insights
Based on property information with market context.
This offering features the opportunity to acquire the fee simple interest in a corporate guaranteed Walgreens investment property in San Antonio. The property is subject to an absolute NNN lease. The tenant, Walgreen Co., recently signed a new 15-year lease with twelve 5-year options to extend, demonstrating commitment to the location. The lease includes 5% rental increases every 5 years throughout the initial term and at the beginning of each option period.
Key Highlights
- Absolute NNN lease offers passive investment with minimal landlord duties.
- Corporate guarantee from Walgreens (NASDAQ: WBA) ensures a secure tenant.
- Brand new 15‑year lease** demonstrates long‑term commitment.
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $298.6k | $21.00 |
| − Vacancy | −$10.5k | −$0.74 |
| EGI | $288.1k | $20.27 |
| − OpEx | −$72.0k | −$5.07 |
| NOI | $216.1k | $15.20 |
14,218 SF · lease $21.00/SF/yr · vacancy 3.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$3.09M
$2.70M – $3.60M
NOI $216,096 @ 7.0% cap · market cap 4.70%
Second Best
Retail
$2.72M
$2.38M – $3.17M
NOI $190,326 @ 7.0% cap · market cap 4.14%
Theoretical Best
Office A
$3.63M
$3.17M – $4.23M
NOI $253,874 @ 7.0% cap · market cap 5.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
557
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Market
Vacancy Rate% for Retail in San Antonio, TX
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Drug store - NNN leased Walgreens in San Antonio with corporate guarantee.
Where is this drug store located?
The property is located at 2710 Nogalitos St San Antonio, TX.
What is the asking price?
The asking price for this property is $4,600,000.
What are key features of this property?
This property features: Absolute NNN lease offers passive investment with minimal landlord duties.; Corporate guarantee from Walgreens (NASDAQ: WBA) ensures a secure tenant.; Brand new 15‑year lease** demonstrates long‑term commitment.
