Walgreens

6795 Calder Avenue, Beaumont, TX 77706

$4,469,335

Cap Rate 6.20%

Views: 137 DOM: 252 Updated: 10.10.24 Posted: 04.13.24 Status: Active

Summary

Price $4,469,335	Built/Renov 1996	Tenant Walgreens
Cap Rate 6.20%	Lease Type Abs NNN	Guarantor Corp T and Rated
Size/SF 13,780	Lease Start 11-21-2023	#Units 13,532
Price/SF $324.33	Expiration 11-30-2038	Tenant Type Pharmacy
NOI $277,100	R. Term 13.11	Ownership Fee Simple
Rent/SF $20.11	Increases 5.0%/5/yrs	Pop 5Mi 100,314
Lot/AC 1.44	Options 12/5yrs/5%	AHHI 5Mi $87,388

Lease Highlights

Walgreens has 14+ year lease remaining on the current lease term with 12 (5-year) options to extend
The lease features 5% rental increases at the start of each option period
Absolute NNN lease | Zero landlord responsibilities
Corporate guarantee | Investment grade tenant

Location Description

Walgreens is strategically located at the signalized, hard corner intersection of Calder Avenue and Dowlen Road, with access to a combined daily traffic count of 28,137 vehicles. The property is conveniently situated less than 3 miles from Interstate 10 (113,794 VPD), and less than 5 miles from downtown Beaumont. Additionally, it is immediately adjacent to Waffle House and across Dowlen Road...

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Key Features

Signalized intersection
Hard corner intersection
Dense retail corridor
Near major nationals
Strong demographics
Income tax free state
Absolute NNN
Long 10+ yr lease
Traded and rated company
Investment grade tenant

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Links

Walgreens Wikipedia Walgreens Wikipedia Beaumont, Texas Zip Code 77706 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Walgreens
Guarantor:Corp T and Rated
Company:Walgreens Boots Alliance
# Units:13,532
Tenant S&P: BBB-
Moody’s: Baa2
Stock: NASDAQ: WBA

About Tenant

Walgreens is an American company that operates the second-largest pharmacy store chain in the United States. It specializes in filling prescriptions, health and wellness products, health...

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Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	9,118	47,553	100,361
2023 Total Population :	9,110	47,525	100,314
2023 Employed Civilian Pop :	4,331	21,701	42,770
2023 Total Businesses :	482	2,634	5,129
2023 Average Household Income :	$ 96,510	$ 110,466	$ 87,388
2023 Total Consumer Spending :	$ 318 M	$ 1801 M	$ 3075 M
2023 Median Age :	42	42	38
2023 Total Households :	3,824	18,977	40,392
2023 Pop Age 25+: Bachelor's Degree :	1,514	9,119	13,649
2023 Average Home Value :	$ 205,971	$ 241,777	$ 199,730

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
Dowlen Rd	Prutzman Rd	2011	17,060	0.13 mi
Calder Avenue	Long Rd	2022	6,973	0.13 mi
Calder Ave	Marceline Blvd	2011	6,270	0.15 mi
Phelan Blvd	Prutzman Rd	2011	16,090	0.19 mi
Dowlen Road	S Dowlen Rd	2022	16,430	0.27 mi
Dowlen Rd	Lexington Dr	2001	22,410	0.30 mi
Pinchback Rd	Wall St	2011	900	0.33 mi
Calder Avenue	Plz Dr	2022	6,339	0.35 mi
Phelan Boulevard	Shakespeare Dr	2022	10,260	0.36 mi
Phelan Blvd	Plz Dr	2001	19,810	0.39 mi

Listing Broker

Brian Pfohl

CBRE: NLPG Atlanta

Contact

132 Listings
16896 Views
60 Sold

Chris Bosworth

CBRE: NLPG Atlanta

Contact

133 Listings
16746 Views
62 Sold

Brian Pfohl

Brian Pfohl is an Executive Vice President with CBRE’s Net Lease Property and Corporate Capital Markets practice groups. Mr. Pfohl’s singular focus is to advise corporate users, institutions, private equity firms, REITs, developers, and private individuals regarding all facets of net-leased properties. Mr. Pfohl’s expertise stems from the myriad of sale-leaseback transactions, net lease investment sales, programmatic portfolio dispositions, and advisement assignments he has completed throughout

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Chris Bosworth

Chris Bosworth is a Vice Chairman and Managing Director of the CBRE Net Lease Property Group and Corporate Capital Markets practice. Mr. Bosworth’s focus is to advise institutions, private equity firms, REITs, developers and corporate users regarding all facets of net-leased properties. In his career, Mr. Bosworth and his partners, Will Pike and Brian Pfohl, have been responsible for the disposition of 3,900 transactions valued in excess of $29 billion. Mr. Bosworth and Mr. Pike co-head the

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Thomas Carr

CBRE: NLPG Atlanta

Contact

135 Listings
16898 Views
63 Sold

Thomas Carr

Thomas Carr is an Senior Investment Sales Analyst with CBRE’s Net Lease Property Group. As a member of the team led by Chris Bosworth and Will Pike, Mr. Carr plays an integral role in all aspects of the group’s property valuation, underwriting, and marketing efforts. He is also actively involved in marketing the team’s disposition assignments, specializing in single-tenant assets, national net-lease portfolios, and corporate sale-leasebacks, as well as advising 1031 exchange buyers. Mr. Carr

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