Cap Rate: 6.00%
Net Operating Income: $301,000
Square Footage: 14,820
Lot Size: 1.83 AC
Year Built: 2006
2018 Reported Sales: $2,060,937
The subject offering is a fee simple interest in an absolute net leased Walgreens in El Campo, TX. The lease calls for zero landlord obligations. The tenant has ten 5 year options to renew. The subject property is well situated on a major commercial thoroughfare and is located at a signalized intersection. Nearby retailers include HEB and True Value Hardware.
El Campo is a city in Wharton County, Texas, United States. The population was 11,602 at the 2010 Census, making it the largest city in Wharton County.