3018 7th StreetBay City, TX 77414

For Sale
$3,805,385

Opportunity to purchase a long term Absolute NNN Leased Walgreens

Overview

Added:
Jan 24
Days on market:
49
This is the opportunity to purchase a long term Absolute NNN Leased Walgreens. The lease calls for zero landlord obligations and is corporately guaranteed. The property benefits from scheduled rental increases every 5 years consistent with the following rental schedule: a rental increase in year 6, a rental increase in year 11 and a rental increase at each option period. This site has excellent access and visibility on a hard corner at a signalized intersection. Walgreens benefits from its position in dense residential area of 7th Street. The surrounding retailers include H-E-B, Starbucks, Family Dollar, and more.

Location Description
Bay City is a city in Matagorda County, Texas, United States. The population was 17,614 at the 2010 census and 18,061 at the 2020 census. It is the county seat of Matagorda County.

Matagorda County is a component of the Houston-Woodland-Sugar Land MSA-The 5th Largest Metro Area in the Country Bay City is about an hour drive southwest of Houston and only 20 miles from East Matagorda Bay and the Gulf Shore.

Highlights

  • 13 Year Absolute NNN Lease with Scheduled 5% Rental Increases Zero Landlord Obligations 100% Fee Simple Interest Major Retail Trade Area Hard Corner Location Heavily Trafficked Location Income Tax Free State

Property Details for 3018 7th Street

Property type
Other retail properties, Individual retail properties
Square Feet
14,550 SF
Price / Square Foot
$261.54
Buildings
1
Stories
1
Elevators
N/A
Lot Size (sq. ft)
72,310 SF
Units
1
Net Operating Income
$247,350

Location Insight

City
Bay City
County
State
Texas

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3018 7th Street
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