Walgreens (37,729 VPD)

Walgreens (37,729 VPD)

Temple, TX

Temple, TX

Walgreens (37,729 VPD)

Offered for sale is a double net lease Walgreens located in Temple, Texas. The tenant has exercised its second renewal option, extending the lease term and demonstrating continued commitment to the site, which operates as a corporate-guaranteed store. The 13,573-square-foot property sits on a 1.77-acre parcel with dual-street frontage along South 31st Street and Marlandwood Road (combined 37,729 VPD) and is positioned within a primary retail corridor anchored by Walmart Supercenter and Temple Mall. The site benefits from direct connectivity to H K Dodgen Loop and proximity to major healthcare facilities, including Baylor Scott & White Medical Center and McLane Children’s Medical Center, supporting consistent traffic from surrounding retail and medical demand.

Price $3,637,000
Cap Rate 8.25%
Building Size 13,573 sqft
Lot Size 1.77 acres
Year Built 1996
Offering Memorandum

Vincent Knipp

Senior Managing Director Investments
(972) 755-5205
vincent.knipp@marcusmillichap.com
License: TX 0579633
FINANCING TEAM

Duke Dennis

Director
(817) 932-6172

 

  • Recent Lease Extension | Tenant Exercised Second Option | 9.8 Years Remaining
  • Large 1.77 Acre Parcel | Dual-Street Frontage on South 31st Street and Marlandwood Road (Combined 37,729 VPD)
  • Positioned Within Retail Corridor Anchored by Walmart Supercenter and Temple Mall
  • Direct Connectivity to H K Dodgen Loop (51,733 VPD) — Temple’s Primary Bypass Linking Regional Retail and Residential Growth
  • 640-Bed Baylor Scott & White Medical Center and 115-Bed McLane Children’s Hospital Within 1 Mile
  • 83,180 Residents & 99,051 Daytime Population Driven by Healthcare and Retail Employment (5-Mile Radius)
  • Strategic Location Between Austin and Waco Along the I-35 Corridor
  • National Pharmacy Operator With 8,000+ Locations Nationwide

Vincent Knipp

Senior Managing Director Investments
(972) 755-5205
vincent.knipp@marcusmillichap.com
License: TX 0579633
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