Walgreens - Mount Pleasant, TX

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Pricing and Location


Price:   $7,112,608

Address:   203 West Ferguson Road, Mount Pleasant, TX 75455

Status:   Available

Property Details


CAP Rate: 5.75% Year Built: 2009
Net Rentable Area: 14,820
Lot Size (Acres): 3.20 NOI: $408,975

Marketing Materials


Property Description


Walgreens, located at 203 West Ferguson Road, Mount Pleasant, Texas 75455, located at the NWC of U.S. Highway 271 and Madison. The 25 year NNN lease (no landlord obligations) was constructed in 2009 and has 17.1 years remaining on the base term of the lease (as at the time this campaign was launched) with a base term expiration date of September 2034, followed by 50 years of annual options thereafter. Located adjacent to Pilgrim’s Corporation, one of the Country’s largest poultry processing plants and one of the region’s largest employers. Also in the immediate area is the Magellan Pipeline and Refinery.

Area Map and Street View


What Clients Are Saying                                     
 

"It was a pleasure working with you as we appreciated your persistence, professionalism, guidance and your patience in assisting us with our first Real Estate Acquisition. We are looking forward to closing many more transactions with you in the future.'
Mike Nofarad, Private Investor

Contact Us

NNN Deal
in association with Marcus & Millichap

16830 Ventura Blvd. Suite 100
Encino, CA 91436

Lior Regenstreif
First Vice President, Investments
Senior Director, National Retail Group
E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.


Rebekah Zweiban Wallack

Senior Research Analyst
Special Projects Coordinator
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Toll Free: 888.NNN.DEAL
Phone: 818.907.9525
Fax: 818.907.8557