1432 Antonio St Anthony, TX 79821
- Drug stores
- 14,736 SF
- 1.85 lot acres
Current Use by Public Records
- Drug stores
Property Details for 1432 Antonio St
- Year built
- 2008
- Lot size
- 1.85 lot acres
- Property size
- 14,736 SF
- Zone code
- C-1
- Property type
- Drug stores
- APN
- A570-000-0010-0100
- APU
- A57000000100100
Description
This exceptional investment opportunity presents a 14,820-square-foot Walgreens pharmacy located in Anthony, Texas, on a 2.02-acre lot. Built in 2008 as a build-to-suit, this property boasts a strong absolute net lease with 10 years remaining and twelve 5-year renewal options, featuring 5% rental increases every five years. The next increase is scheduled for June 2024. The property enjoys a 7.50% cap rate and a substantial NOI of $357,000, with an asking price of $4,760,000 ($321.19/sq ft). Situated on Antonio Street, this location benefits from high visibility and traffic, exceeding 9,200 vehicles per day, and a dedicated turn lane. Its strategic position near Interstate 10/US-180 (36,000+ vehicles daily) and proximity to major travel centers (Pilot, Love's, Flying J) ensures consistent high traffic. The area also features numerous national brands, including KFC, Dollar Tree, and others. Furthermore, the property's location benefits from strong demographics, with a population exceeding 28,600 within a 5-mile radius, projected to grow by 2027. The Walgreens location itself ranks in the 78th percentile nationwide for visitor traffic (Placer.ai), further highlighting its exceptional performance and potential for continued growth. This is a rare opportunity to acquire a high-performing, stable investment in a prime location.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Anthony
- County
- El Paso
- State
- Texas
- Longitude
- -106.587
- Latitude
- 31.9983
- CBSA code
- 21340
- CBSA name
- EL PASO, TX METROPOLITAN STATISTICAL AREA
