Overview

Description

PROPERTY DESCRIPTION
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

• New 13 year Absolute NNN lease with scheduled 5% rental increases
• Zero landlord obligations
• 100% fee simple interest
• Hard corner location
• Heavily trafficked location
• Income tax free state

Documents

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