STREAM Capital Partners > Properties > All Properties > Walgreens

Walgreens

Net Lease

3320 Bell St, Amarillo, Texas
Ownership Type:
Fee Simple
Price:
$5,000,000
Cap Rate:
8.50%
Current Rent:
$425,000
Tenancy:
Single Tenant
Lease Type:
Triple Net
Landlord Responsibilities:
None
Lease Expiration Date:
Approx. 6.5 years
Renewal Options:
8, 5 Years
Building Sq. Ft.:
15,120 SF
Rent Increases:
None
Site Size:
1.36 Acres

Investment Highlights

  • Zero Landlord Responsibilities: Tenant operates under an absolute NNN lease structure, ensuring true passive ownership for investors. All expenses—including taxes, insurance, maintenance, and repairs—are fully covered by the tenant, providing stable income throughout the lease term.
  • Strong Corporate Guarantor: Guaranteed by Walgreens, a leading national pharmacy retailer with over 8,500 locations, providing investors with a reliable and stable corporate-backed lease.
  • Hobby Lobby Outparcel: Strategically positioned as an outparcel to Hobby Lobby, the site is situated within a dominant retail corridor—supporting strong tenant demand and long-term stability.
  • Affluent Surrounding Demographics: The property is located within a strong and established trade area, with average household incomes exceeding $93,000 within a 5-mile radius—supporting a high-spending consumer base and driving sustained tenant performance.
  • Prime Visibility & Traffic Exposure: Located at a signalized hard corner along Bell Street, the property benefits from excellent visibility, direct access, and exposure to 25,000+ vehicles per day—driving consistent consumer traffic.
Ownership Type:
Fee Simple
Price:
$5,000,000
Cap Rate:
8.50%
Current Rent:
$425,000
Lease Type:
Triple Net
Landlord Responsibilities:
None
Lease Expiration Date:
Approx. 6.5 years
Renewal Options:
8, 5 Years
Building Sq. Ft.:
15,120 SF
Rent Increases:
None
Site Size:
1.36 Acres

Listing Agents

Jordan Koeppel

Senior Vice President
561 789 5504[email protected]

Jordan Shtulman

Managing Principal
847.226.4133[email protected]

Broker of Record: Kyler Bean TX Lic#: 646910

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