9005 Navarro St Victoria, TX 77904-1563

This exceptional investment opportunity presents a single-tenant, net-leased Walgreens pharmacy located at 9005 N Navarro St, Victoria, TX 77904. The 14,820 square-foot building, constructed in 2009, sits on a 1.29-acre lot and enjoys a prominent, signalized corner location with high visibility along North Navarro Street (43,380 vehicles per day). The property benefits from its position in Victoria's Retail Village, an established retail center anchored by Kohl's and Academy Sports + Outdoors, and is surrounded by a dense cluster of major retailers including Lowe's, Sam's Club, Walmart, The Home Depot, Target, Ross, and PetSmart. The strong location is further enhanced by its proximity to Victoria Mall and a population of nearly 53,000 people within a five-mile radius, with an average household income of $95,963 within three miles. The Walgreens lease, an absolute NNN lease with no landlord responsibilities, has a remaining term of 9.2 years, expiring January 31, 2034, and includes ten 5-year renewal options. The property boasts a 6.25% cap rate and a net operating income (NOI) of $352,135, with an asking price of $5,634,160 ($380.17 per square foot). The property's consistent above-average sales volumes and location in the income tax-free state of Texas make this a compelling investment opportunity. Walgreens, a Fortune 500 company and a global leader in retail pharmacy, occupies the property at 100% occupancy. This is a rare chance to acquire a high-performing, stable investment in a prime retail location.