Walgreens NNN Property For Sale — McAllen, TX
1325 E. Ridge Rd, McAllen, TX
This Walgreens property offers an exceptional NNN investment opportunity with a corporate guaranty. Located at a prime signalized intersection in a dense retail corridor, the property benefits from high visibility and traffic counts. The lease features a solid 13 years remaining with fixed rent increases, ensuring reliable income growth. Walgreens, a strong corporate tenant with an investment-grade credit rating (S&P: BBB), recently extended their lease, demonstrating their commitment to the location. This offering provides a secure, long-term asset with minimal landlord responsibilities, making it an attractive prospect for investors seeking stable returns.
- Address: 1325 E. Ridge Rd, McAllen, TX
- Asking price $4.27M
- 4.50% cap rate
- NOI $194,000
- 13 years remaining
- NNN lease
- Year built: 2008
- Building size: 14,616 SF
- Lot size: 1.46 acres
- Rent increases: 7.5% every 5 years
- Guarantor: Corporate
Location
This Walgreens property is at 1325 E. Ridge Rd in McAllen, Texas.
Asset type: NNN