26482 Us-281 San Antonio, TX 78258

Property Details for 26482 Us-281

Year built

2012

Lot size

1.58 lot acres

Property size

13,650 SF

Property type

Retail properties

Property subtype

Drug stores

Description

This exceptional investment opportunity presents a fee-simple ownership of a Walgreens Pharmacy (#13940) in San Antonio, Texas. Located at 26482 US-281, Bexar County, this single-tenant, 13,650 square foot building sits on a 1.58-acre lot. Built in 2012, the property boasts a 25.1-year absolute net lease with Walgreens Boots Alliance (WBA), a credit-rated tenant with a corporate guarantee. The lease commenced June 10, 2012, and has a remaining term of 12.6 years, with 50 one-year options to terminate. The property generates a substantial net operating income (NOI) of $475,000, resulting in a compelling 6.50% cap rate at an asking price of $7,307,692 ($535.36/sq ft). The property enjoys 100% occupancy and benefits from a strong location within a rapidly growing area, exhibiting a 34% population increase within a three-mile radius since its construction. The high average household income of approximately $140,000 further underscores the property's investment potential. This is a rare opportunity to acquire a well-performing, long-term net lease asset backed by a highly reputable national tenant. The property's strong financials, coupled with its prime location and favorable lease terms, make it an attractive addition to any investment portfolio. The reported sales for the store in 2022 were $2.78 million, with an estimated gross sales of $8.67 million. The property is located in a state with income tax-free status and within the 3rd fastest-growing major metro area in the USA. An estimated 150,000 store visits per year further highlight the property's strong performance.

Location Insight

City

San Antonio

County

Bexar

State

Texas

Longitude

-98.4518

Latitude

29.6924