Walgreens

Price: $4,591,550
CAP Rate: 4.90%
Status: SOLD

Download the Offering Memorandum for details about the tenant, lease, financials, and more.

Property Details

Disclaimer:

The representation contained on this internet page has been secured from sources deemed to be reliable, but we make no representations or warranties, expressed or implied as to the accuracy of the information. The information has not been independently verified. Principals are advised to conduct a thorough due diligence review for any potential transaction. Marcus & Millichap Real Estate Investment Services name and logo are used herein for informational purposes only as well as to identify brokerage affiliation.

EXCLUSIVE LISTINGS

Starbucks

  • NNN CORPORATE STARBUCKS LEASE
    Self-maintaining lease provides passive ownership with landlord responsibilities limited to structure only, tenant is responsible for CAM’s, parking lot, and includes a 20-year transferrable roof warranty through 2040

  • NEWER 2021 CONSTRUCTION & HIGH TENANT COMMITMENT
    Modern construction featuring a specially commissioned mural, representing a meaningful site-specific investment by Starbucks and demonstrating strong commitment to the location

  • ONLY STARBUCKS SERVING CENTRAL LONGVIEW
    The only Starbucks within a 3-mile radius, providing the property with a meaningful geographic trade-area advantage and a highly convenient location for local residents, employees, and commuters

  • LONGVIEW: ESTABLISHED EAST TEXAS ECONOMIC HUB
    Longview serves as a regional employment and commercial center for East Texas, supported by a diverse economy spanning healthcare, manufacturing, transportation, retail and professional services

  • APPROXIMATELY 100,000-DAYTIME POPULATION
    The property benefits from a significant daytime population influx, supporting consistent weekday demand from employees, commuters and shoppers beyond the local residential population

  • INVESTMENT-GRADE TENANT
    Publicly traded (NYSE: SBUX), Starbucks is one of the world’s most recognized coffee brands, with a highly established customer base and strong drive-thru operating model, and holds an investment grade credit rating of BBB+ from Standard & Poor’s

  • SIGNALIZED CORNER KROGER OUTPARCEL LOCATION
    Excellent visibility and accessibility at a signalized intersection, with high traffic counts of over 56,000 VPD, with convenient ingress and egress

  • TEXAS: BUSINESS-FRIENDLY TAX ENVIRONMENT
    Located in Texas, a state with no personal state income tax, providing an attractive environment for businesses, residents and real estate investors

Longview, TX

Price: 

$1,796,066

CAP: 

6.10%

NOI: 

$109,560

Starbucks

  • BRAND NEW CONSTRUCTION IN SOUTHERN CALIFORNIA
    Newly constructed built-to-suit construction, featuring a modern prototype design and a double drive-thru

  • LONG TERM PASSIVE NET LEASE
    New 10-year net lease providing stable income with limited landlord responsibilities, along with four additional 5-year option periods and regularly scheduled increases

  • ONLY STARBUCKS WITHIN A 10-MILE RADIUS
    This Starbucks location serves a large and developing trade area, creating strong demand with limited competition

  • INVESTMENT-GRADE TENANT
    Starbucks is a publicly traded company (NYSE: SBUX) and holds an investment grade credit rating of BBB+ from Standard & Poor’s

  • HIGH VISIBILITY CORNER LOCATION
    Strategically positioned “hard-corner” with traffic counts exceeding 11,100 vehicles per day, and surrounded by national retailers including McDonald’s, Stater Bros., 7 Eleven, and Dollar General, driving consistent consumer traffic to the area

  • STRONG LOCAL DEMOGRAPHICS AND SCHOOLS
    Less than 1-mile from three schools (combined enrollment exceeds 3,100 students) and average household incomes of $90k within a 5-mile radius

  • SAN BERNARDINO MSA
    The Riverside-San Bernardino-Ontario MSA is one of the largest and fastest growing population centers in the United States with more than 4.65 million residents

Phelan, CA

Price: 

$3,273,000

CAP: 

5.50%

NOI: 

$180,000

Jack in the Box

ABSOLUTE NNN CORPORATE LEASE
Zero landlord responsibilities providing passive, managementfree ownership backed by a nationally recognized quick-service restaurant brand

LONG-TERM OPERATING HISTORY (22+ YEARS)
Proven location with over two decades of successful operating history, demonstrating strong site performance and tenant commitment

RECENT OPTION EXERCISE WITH FUTURE UPSIDE
Tenant has already exercised its first renewal option, signaling long-term confidence in the site, with two 5-year options remaining

INCREASED CUSTOMER TRAFFIC: C-STORE & GAS SUBLEASE
Property benefits from enhanced site utility and increased traffic due to convenience store and gas station sublease (Extensive environmental protections to landlord!)

HIGH-VISIBILITY SIGNALIZED CORNER
Strategically positioned at a signalized intersection offering strong access, visibility, and consistent daily traffic counts

STRONG SOUTH TEXAS TRADE AREA
Located within the McAllen MSA, a key economic hub of the Rio Grande Valley with a population exceeding 900,000 residents

POPULATION GROWTH & EXPANSION
McAllen has experienced steady population growth of nearly 6% since 2020, with continued expansion driven by cross-border commerce, retail demand, and regional development

TEXAS TAX ADVANTAGE
Located in a no state income tax state, enhancing investor returns and continuing to attract both businesses and population growth to the region

McAllen, TX

Price: 

$2,999,000

CAP: 

6.80%

NOI: 

$203,795

Seven Brew (7B)

  • BRAND NEW 2026 CONSTRUCTION
    Newly constructed 7 Brew Drive-Thru Coffee with large double drive-thru, designed for maximum accessibility, and high-volume throughput
  • NEW 15-YEAR ABSOLUTE NNN GROUND LEASE
    Brand new 15-year NNN ground lease with zero landlord responsibilities for completely passive ownership
  • HIGH-GROWTH DRIVE-THRU COFFEE CONCEPT
    Drive-thru coffee concepts are among the fastest-growing QSR segments driven by convenience and repeat daily traffic
  • STRONG BRAND MOMENTUM
    7 Brew is a rapidly expanding national brand with 700+ locations and significant pipeline growth across the U.S.
  • EXPERIENCED MULTI-UNIT OPERATOR
    Operated by seasoned franchisee with 35+ locations and proven execution within the 7 Brew system
  • PRIME RETAIL CORRIDOR
    Strategically located along major retail artery with excellent visibility and access, along with strong traffic counts and high commuter traffic
  • STRONG DEMOGRAPHICS & TRADE AREA
    Affluent northwest Chicago suburb with dense population, over 244,000 people living within 5 miles with high household incomes
  • SURROUNDED BY NATIONAL RETAILERS
    Well positioned near major destination retailers, such as Walmart, Target, and Home Depot, driving consistent retail traffic

Palatine, IL

Price: 

$1,713,000

CAP: 

5.75%

NOI: 

$98,500

Wendy's

  • ABSOLUTE NNN GROUND LEASE
    Provides investors with passive, management-free ownership and secure in-place cash flow through the remaining lease term
  • STRONG CORPORATE TENANT
    Wendy’s is a globally recognized quick-service restaurant brand operating over 7,000 worldwide locations
  • DRIVE-THRU QSR – TOP-PERFORMING NET LEASE ASSET
    Drive-thru quick-service restaurants remain one of the most sought-after sectors within the net lease market, driven by strong consumer demand, resilient operating performance, and broad investor appetite for high-traffic retail real estate
  • STRATEGIC INFILL CHICAGO LOCATION
    Situated along the heavily traveled Western Avenue corridor, the property benefits from exceptional visibility, strong commuter traffic, and access to established residential neighborhoods
  • DENSELY POPULATED TRADE AREA
    The property is positioned within a highly populated urban market, with roughly 700,000 residents within a 5-mile radius, providing a deep and diverse customer base

Chicago, IL

Price: 

$1,700,000

CAP: 

6.76%

NOI: 

$114,950

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