2710 Nogalitos St

SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, corporate guaranteed (NASDAQ: WBA), Walgreens investment property located in San Antonio, Texas. The tenant, Walgreen Co., recently signed a brand new 15 year lease with 12 (5-year) options to extend, demonstrating their commitment to the site. The lease features 5% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. Founded in 1901, and representing one of the largest pharmacies in America with over 9,000 retail locations, Walgreens is a pharmaceutical and health destination serving nearly 10 million customers each day. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor.

The asset is strategically located at the signalized, hard corner intersection of Nogalitos Street and West Theo Avenue with a combined 32,500 vehicles passing daily. Nogalitos Street is the major retail thoroughfare serving southern San Antonio and provides access onto I-35 (157,600 VPD, I-10 (169,100 VPD), and I-37 (135,300 VPD) making this a centralized location with an extensive trade area.