STREAM Capital Partners > Properties > All Properties > Walgreens

Walgreens

Net Lease

2601 S Georgia St, Amarillo, Texas
Ownership Type:
Fee Simple
Price:
$4,305,882
Cap Rate:
8.50%
Current Rent:
$366,000
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.:
14,490 SF
Rent Increases:
None
Site Size:
1.56 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.
  • Strong Surrounding Retail Presence: The property is surrounded by national retailers including Market Street, Chick-Fil-A, and Raising Canes driving steady consumer traffic and supporting long-term tenant performance.
  • Affluent Surrounding Demographics: The property is located within a strong and established trade area, with average household incomes exceeding $88,000 within a 10-mile radius—supporting a high-spending consumer base and driving sustained tenant performance.
  • Prime Visibility & Traffic Exposure: Strategically positioned along S Georgia Street in Amarillo with exposure to 25,000+ vehicles per day, the property benefits from excellent visibility and consistent daily traffic flow.
Ownership Type:
Fee Simple
Price:
$4,305,882
Cap Rate:
8.50%
Current Rent:
$366,000
Lease Type:
Triple Net
Landlord Responsibilities:
None
Lease Expiration Date:
Approx. 6.5 years
Renewal Options:
8, 5 Years
Building Sq. Ft.:
14,490 SF
Rent Increases:
None
Site Size:
1.56 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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